KG&L Capital Management LLC acquired a new position in The Kroger Co. (NYSE:KR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,567 shares of the company's stock, valued at approximately $543,000.
A number of other institutional investors and hedge funds have also modified their holdings of KR. Brighton Jones LLC increased its stake in shares of Kroger by 27.3% during the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company's stock worth $962,000 after purchasing an additional 3,373 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Kroger by 76.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 282,941 shares of the company's stock worth $17,302,000 after purchasing an additional 122,680 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Kroger by 4.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 6,368 shares of the company's stock valued at $431,000 after acquiring an additional 245 shares during the last quarter. Marcum Wealth LLC acquired a new stake in Kroger in the 1st quarter valued at about $215,000. Finally, First Hawaiian Bank acquired a new stake in Kroger in the 1st quarter valued at about $383,000. Hedge funds and other institutional investors own 80.93% of the company's stock.
Insider Activity at Kroger
In other news, Director Clyde R. Moore sold 3,810 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $71.61, for a total transaction of $272,834.10. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several analysts have recently weighed in on KR shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kroger from $57.00 to $67.00 and gave the company a "hold" rating in a research note on Monday, June 23rd. Roth Capital raised shares of Kroger from a "neutral" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Wednesday, September 17th. Guggenheim reaffirmed a "buy" rating and set a $78.00 price objective on shares of Kroger in a research report on Friday, September 12th. Wall Street Zen cut shares of Kroger from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 21st. Finally, Barclays began coverage on shares of Kroger in a report on Monday, July 21st. They set an "equal weight" rating and a $75.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $73.63.
Check Out Our Latest Research Report on KR
Kroger Stock Performance
NYSE KR opened at $65.43 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85. The Kroger Co. has a 52-week low of $54.88 and a 52-week high of $74.90. The business's 50-day moving average price is $69.32 and its 200 day moving average price is $68.98. The firm has a market cap of $43.36 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.90 and a beta of 0.59.
Kroger (NYSE:KR - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share 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 company had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, equities research analysts expect that The Kroger Co. will post 4.44 earnings per share for the current year.
Kroger Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 14th. 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.
See Also
Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kroger Co. (NYSE:KR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Kroger, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kroger wasn't on the list.
While Kroger currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
