Morningstar Investment Management LLC purchased a new stake in The Kroger Co. (NYSE:KR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,182 shares of the company's stock, valued at approximately $300,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Kroger by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,299,898 shares of the company's stock worth $967,863,000 after buying an additional 186,302 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Kroger by 85.3% in 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 last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Kroger by 0.6% in 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 last quarter. Alyeska Investment Group L.P. grew its position in shares of Kroger by 101.7% in 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 last quarter. Finally, Nuveen LLC purchased a new stake in Kroger during the 1st quarter worth approximately $178,385,000. Hedge funds and other institutional investors own 80.93% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Roth Mkm upgraded shares of Kroger from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $66.00 to $75.00 in a research note on Wednesday, September 17th. JPMorgan Chase & Co. restated a "neutral" rating and set a $75.00 price objective (down from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Weiss Ratings reiterated a "buy (b)" rating on shares of Kroger in a research report on Wednesday, October 8th. Evercore ISI reduced their target price on shares of Kroger from $82.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, UBS Group reissued a "neutral" rating and issued a $74.00 price objective (up previously from $66.00) on shares of Kroger in a report on Monday, June 23rd. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $73.53.
Check Out Our Latest Stock Report on Kroger
Kroger Stock Performance
Shares of KR opened at $69.17 on Wednesday. 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 market capitalization of $45.84 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.95 and a beta of 0.57. The company's fifty day moving average is $68.33 and its two-hundred day moving average is $69.09. The Kroger Co. has a 1 year low of $55.19 and a 1 year high of $74.90.
Kroger (NYSE:KR - Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The business had revenue of $33.94 billion for the quarter, compared to analysts' expectations of $34.08 billion. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, sell-side analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.
Kroger Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.35 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.40 annualized dividend and a yield of 2.0%. Kroger's dividend payout ratio (DPR) is presently 35.53%.
Kroger Profile
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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.
Further Reading
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