SGL Investment Advisors Inc. Has $223,000 Stock Position in The Kroger Co. $KR

Key Points

• SGL Investment Advisors Inc. significantly reduced its position in The Kroger Co. by 69.8%, holding now 3,200 shares valued at approximately $223,000.
• Kroger's recent financial performance shows a slight increase in revenue, with earnings per share of $1.04, surpassing estimates of $1.00.
• The company announced a quarterly dividend of $0.35 per share, representing an annual yield of 2.2%, with the payment set for December 1st.

SGL Investment Advisors Inc. reduced its position in shares of The Kroger Co. (NYSE:KR - Free Report) by 69.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,200 shares of the company's stock after selling 7,410 shares during the quarter. SGL Investment Advisors Inc.'s holdings in Kroger were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in Kroger by 1.7% during the 1st quarter. Bessemer Group Inc. now owns 12,545 shares of the company's stock worth $850,000 after purchasing an additional 213 shares during the last quarter. Diversified Trust Co raised its holdings in Kroger by 3.7% during the 1st quarter. Diversified Trust Co now owns 6,429 shares of the company's stock worth $435,000 after purchasing an additional 229 shares during the last quarter. Sowell Financial Services LLC raised its holdings in Kroger by 8.1% during the 2nd quarter. Sowell Financial Services LLC now owns 51,805 shares of the company's stock worth $3,716,000 after purchasing an additional 3,869 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in Kroger by 4.8% during the 2nd quarter. IFM Investors Pty Ltd now owns 115,687 shares of the company's stock worth $8,298,000 after purchasing an additional 5,325 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Kroger by 69.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 24,468 shares of the company's stock worth $1,755,000 after purchasing an additional 10,039 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kroger news, Director Clyde R. Moore sold 26,814 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $70.50, for a total transaction of $1,890,387.00. Following the completion of the transaction, the director owned 99,143 shares of the company's stock, valued at $6,989,581.50. This represents a 21.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is currently owned by company insiders.

Kroger Price Performance

NYSE KR opened at $64.83 on Tuesday. The business has a 50 day simple moving average of $68.66 and a 200 day simple moving average of $69.03. The Kroger Co. has a 52-week low of $54.88 and a 52-week high of $74.90. 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 cap of $42.96 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.93 and a beta of 0.57.

Kroger (NYSE:KR - Get Free Report) last posted its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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 business had revenue of $33.94 billion during the quarter, compared to analysts' expectations of $34.08 billion. During the same period in the prior year, the business earned $0.93 EPS. Kroger'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. Analysts anticipate that The Kroger Co. will post 4.44 earnings per share 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 2.2%. Kroger's dividend payout ratio is 35.53%.

Analyst Ratings Changes

A number of analysts have recently commented on KR shares. Roth Capital raised Kroger from a "neutral" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Wednesday, September 17th. Morgan Stanley set a $76.00 price target on Kroger and gave the company an "equal weight" rating in a research note on Monday, June 23rd. Roth Mkm raised Kroger from a "neutral" rating to a "buy" rating and upped their price target for the company from $66.00 to $75.00 in a research note on Wednesday, September 17th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $75.00 price target (down from $82.00) on shares of Kroger in a research note on Wednesday, August 20th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $82.00 price target on shares of Kroger in a research note on Thursday, September 11th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $73.63.

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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