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GC Wealth Management RIA LLC Invests $461,000 in The Kroger Co. $KR

Kroger logo with Retail/Wholesale background

Key Points

  • GC Wealth Management RIA LLC has invested approximately $461,000 in The Kroger Co. by purchasing 6,421 shares of stock during the second quarter.
  • According to recent analyst reports, Kroger has an average rating of "Hold" with a potential price target averaging $73.63, showing mixed evaluations from different brokerages.
  • Kroger announced a quarterly dividend of $0.35 per share, representing a 2.1% dividend yield, which will be paid on December 1st to shareholders of record on November 14th.
  • Five stocks to consider instead of Kroger.

GC Wealth Management RIA LLC bought a new position in shares of The Kroger Co. (NYSE:KR - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,421 shares of the company's stock, valued at approximately $461,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KR. Accent Capital Management LLC acquired a new stake in shares of Kroger during the first quarter worth $25,000. Garde Capital Inc. purchased a new position in shares of Kroger during the first quarter valued at $31,000. Capital Analysts LLC purchased a new position in shares of Kroger during the first quarter valued at $36,000. Sound Income Strategies LLC grew its holdings in shares of Kroger by 46.7% during 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. purchased a new position in shares of Kroger during the first quarter valued at $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kroger

In other Kroger news, Director Clyde R. Moore sold 3,810 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $71.61, for a total value of $272,834.10. Following the completion of the sale, the director owned 85,850 shares of the company's stock, valued at $6,147,718.50. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KR. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $75.00 price target (down previously from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Morgan Stanley set a $76.00 price target on Kroger and gave the company an "equal weight" rating in a report on Monday, June 23rd. Guggenheim reiterated a "buy" rating and set a $78.00 price target on shares of Kroger in a report on Friday, September 12th. Roth Capital upgraded Kroger from a "neutral" rating to a "buy" rating and set a $75.00 price target on the stock in a report on Wednesday, September 17th. Finally, Barclays initiated coverage on Kroger in a report on Monday, July 21st. They set an "equal weight" rating and a $75.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Kroger currently has an average rating of "Hold" and an average target price of $73.63.

Get Our Latest Report on Kroger

Kroger Stock Performance

Shares of NYSE KR opened at $67.41 on Wednesday. The business's 50-day moving average price is $69.10 and its two-hundred day moving average price is $68.99. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.54. The Kroger Co. has a one year low of $54.88 and a one year high of $74.90. The company has a market capitalization of $44.67 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.93 and a beta of 0.59.

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

Kroger Dividend Announcement

The business 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 $0.35 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. Kroger's payout ratio is currently 35.53%.

Kroger Company Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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