Russell Investments Group Ltd. Has $193.05 Million Stock Position in The Kroger Co. $KR

Key Points

• Russell Investments Group Ltd. increased its Kroger stake by 3.1% in the fourth quarter, bringing its holdings to 3,089,660 shares valued at about $193.05 million.
• Institutional ownership remains high, with hedge funds and other investors holding about 80.93% of Kroger’s stock, and several smaller firms also adding or initiating positions.
• Analyst sentiment is mixed but generally positive: the consensus rating is “Moderate Buy” with an average price target of $74.67, while recent reports highlighted bullish price-cut strategies and bullish options activity ahead of earnings.

Russell Investments Group Ltd. lifted its position in shares of The Kroger Co. (NYSE:KR - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,089,660 shares of the company's stock after purchasing an additional 92,244 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.49% of Kroger worth $193,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ares Financial Consulting LLC acquired a new stake in shares of Kroger during the 4th quarter worth approximately $25,000. Princeton Global Asset Management LLC grew its holdings in shares of Kroger by 268.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 416 shares of the company's stock worth $26,000 after purchasing an additional 303 shares in the last quarter. Avalon Trust Co acquired a new stake in shares of Kroger during the 3rd quarter worth approximately $29,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Kroger during the 4th quarter worth approximately $28,000. Finally, JPL Wealth Management LLC bought a new position in shares of Kroger during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Kroger Trading Down 0.1%

KR stock opened at $64.00 on Wednesday. The company has a market cap of $39.21 billion, a P/E ratio of 41.83, a PEG ratio of 1.81 and a beta of 0.42. The Kroger Co. has a twelve month low of $58.60 and a twelve month high of $76.58. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 2.66. The business has a fifty day moving average of $66.35 and a 200-day moving average of $66.51.

Analysts Set New Price Targets

Several research firms recently commented on KR. Wolfe Research restated an "outperform" rating and set a $75.00 target price on shares of Kroger in a research report on Thursday, March 5th. Royal Bank Of Canada restated an "outperform" rating on shares of Kroger in a research report on Monday, June 1st. Jefferies Financial Group restated a "buy" rating and set a $80.00 target price on shares of Kroger in a research report on Wednesday, June 3rd. Erste Group Bank downgraded Kroger from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. Finally, Morgan Stanley set a $73.00 target price on Kroger and gave the stock an "equal weight" rating in a research report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $74.67.

Key Stories Impacting Kroger

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Analysts say Kroger is already “investing aggressively” in price cuts, which could help the grocer compete better for inflation-conscious shoppers and support sales volume. Kroger already ‘investing aggressively’ in price cuts despite inflation, analyst says
• Positive Sentiment: Options traders are positioning bullishly ahead of earnings, suggesting some investors expect a favorable report or guidance update. Options Bulls Target Kroger Stock Before Earnings
• Neutral Sentiment: Multiple previews say Kroger’s upcoming quarterly results are likely to come in roughly in line with expectations, with outlook guidance a key focus for investors. Kroger Likely to Report In-Line First-Quarter Results, Maintain Outlook, Oppenheimer Says Kroger Earnings: What To Look For From KR
• Neutral Sentiment: Kroger is rolling out digital price tags in some stores, which could improve pricing efficiency but has also drawn shopper attention and controversy rather than a clear immediate financial impact. Shop at Kroger in Columbus? Be ready for new digital price tags Kroger is doubling down on a controversial price tag technology, including in Oregon
• Neutral Sentiment: Harris Teeter, a Kroger-owned banner, is facing renewed pressure from animal-welfare advocates over delayed cage-free egg sourcing, creating reputational noise but not an immediate earnings catalyst. Kroger-Owned Premium Grocer, Harris Teeter, Faces National Pressure and Public Accountability Campaign Over Delayed Cage-Free Egg Sourcing

Kroger Company Profile

The Kroger Co NYSE: KR is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger's stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.

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