Brooklyn Investment Group Has $668,000 Holdings in The Kroger Co. $KR

Key Points

• Brooklyn Investment Group increased its stake in The Kroger Co. by 115.9%, acquiring an additional 5,294 shares, bringing its total ownership to 9,863 shares valued at $668,000.
• Kroger recently reported a $1.49 earnings per share for the last quarter, exceeding analyst estimates of $1.45, despite a slight revenue decline of 0.3% year-over-year.
• The company announced an increase in its quarterly dividend to $0.35 per share, up from $0.32, with a dividend yield of 2.0%.

Brooklyn Investment Group raised its stake in The Kroger Co. (NYSE:KR - Free Report) by 115.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,863 shares of the company's stock after acquiring an additional 5,294 shares during the quarter. Brooklyn Investment Group's holdings in Kroger were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in Kroger in the 1st quarter valued at about $25,000. Transce3nd LLC bought a new position in Kroger during the 4th quarter worth approximately $28,000. Garde Capital Inc. bought a new position in Kroger during the 1st quarter worth approximately $31,000. Sound Income Strategies LLC lifted its stake in Kroger by 46.7% in the first quarter. Sound Income Strategies LLC now owns 550 shares of the company's stock valued at $37,000 after buying an additional 175 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in Kroger in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Kroger Stock Down 2.8%

KR traded down $1.9870 during trading on Friday, reaching $69.4330. 6,981,074 shares of the stock were exchanged, compared to its average volume of 7,084,177. The stock has a market cap of $45.89 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 2.29 and a beta of 0.59. The Kroger Co. has a twelve month low of $50.69 and a twelve month high of $74.90. The stock's 50 day moving average price is $70.87 and its two-hundred day moving average price is $68.52. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.53 and a current ratio of 0.95.

Kroger (NYSE:KR - Get Free Report) last released its quarterly earnings data on Friday, June 20th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. Kroger had a net margin of 1.89% and a return on equity of 34.71%. The firm had revenue of $45.12 billion for the quarter, compared to the consensus estimate of $45.35 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The company's quarterly revenue was down .3% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.600-4.800 EPS. Equities analysts expect that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Friday, August 15th will be issued a $0.35 dividend. This is an increase from Kroger's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, August 15th. Kroger's dividend payout ratio is presently 38.15%.

Insider Transactions at Kroger

In other Kroger news, EVP Yael Cosset sold 71,224 shares of the company's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $73.49, for a total value of $5,234,251.76. Following the transaction, the executive vice president directly owned 139,124 shares in the company, valued at $10,224,222.76. The trade was a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mary Ellen Adcock sold 34,250 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $71.16, for a total transaction of $2,437,230.00. Following the completion of the transaction, the executive vice president owned 184,473 shares in the company, valued at approximately $13,127,098.68. This represents a 15.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,948 shares of company stock valued at $14,422,926. Corporate insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Melius Research raised shares of Kroger from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Wall Street Zen lowered shares of Kroger from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Barclays began coverage on shares of Kroger in a research report on Monday, July 21st. They issued an "equal weight" rating and a $75.00 price objective on the stock. Jefferies Financial Group set a $83.00 price objective on shares of Kroger and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Roth Capital boosted their price objective on shares of Kroger from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $70.58.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.