Cwm LLC Has $3.61 Million Stock Position in The Kroger Co. $KR

Key Points

• Cwm LLC has increased its stake in The Kroger Co. by 61.8%, holding a total of 50,368 shares valued at approximately $3.61 million as of its latest SEC filing.
• Kroger reported $1.04 earnings per share (EPS) for the last quarter, surpassing analysts' expectations, and had a revenue of $33.94 billion, slightly below estimates.
• The company declared a quarterly dividend of $0.35 per share, translating to an annualized yield of 2.0%, with the payment scheduled for December 1st.

Cwm LLC increased its position in The Kroger Co. (NYSE:KR - Free Report) by 61.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,368 shares of the company's stock after purchasing an additional 19,245 shares during the quarter. Cwm LLC's holdings in Kroger were worth $3,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Kroger by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 14,299,898 shares of the company's stock worth $967,863,000 after purchasing an additional 186,302 shares during the period. Wellington Management Group LLP grew its position in shares of Kroger by 85.3% during the 1st quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company's stock worth $433,065,000 after buying an additional 2,945,848 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Kroger by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,067,209 shares of the company's stock worth $342,999,000 after buying an additional 31,477 shares during the period. Alyeska Investment Group L.P. grew its position in shares of Kroger by 101.7% during the 1st quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company's stock worth $276,485,000 after buying an additional 2,059,574 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Kroger during the 1st quarter worth about $178,385,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Price Performance

Shares of KR opened at $68.85 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. The stock has a 50 day simple moving average of $68.14 and a 200 day simple moving average of $69.10. The Kroger Co. has a 52-week low of $55.60 and a 52-week high of $74.90. The firm has a market capitalization of $45.63 billion, a PE ratio of 17.47, a P/E/G ratio of 2.01 and a beta of 0.57.

Kroger (NYSE:KR - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $33.94 billion during the quarter, compared to analyst estimates of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.Kroger's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Sell-side analysts predict that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.0%. Kroger's dividend payout ratio is 35.53%.

Analyst Ratings Changes

Several research firms have recently issued reports on KR. UBS Group restated a "neutral" rating and set a $74.00 target price (up from $66.00) on shares of Kroger in a research report on Monday, June 23rd. Roth Capital upgraded Kroger from a "neutral" rating to a "buy" rating and set a $75.00 target price for the company in a research report on Wednesday, September 17th. JPMorgan Chase & Co. restated a "neutral" rating and set a $75.00 target price (down from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft boosted their target price on Kroger from $57.00 to $67.00 and gave the stock a "hold" rating in a research report on Monday, June 23rd. Finally, Morgan Stanley set a $76.00 price objective on Kroger and gave the company an "equal weight" rating in a research report on Monday, June 23rd. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $73.53.

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.

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