Sound Income Strategies LLC lifted its stake in The Kroger Co. (NYSE:KR - Free Report) by 1,122.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,722 shares of the company's stock after buying an additional 6,172 shares during the period. Sound Income Strategies LLC's holdings in Kroger were worth $482,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of Kroger in the first quarter worth about $25,000. Garde Capital Inc. bought a new stake in shares of Kroger in the first quarter worth about $31,000. Capital Analysts LLC bought a new position in Kroger during the 1st quarter valued at approximately $36,000. GKV Capital Management Co. Inc. bought a new position in Kroger during the 1st quarter valued at approximately $38,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Kroger in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 80.93% of the company's stock.
Insiders Place Their Bets
In related news, Director Clyde R. Moore sold 26,814 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $70.50, for a total value of $1,890,387.00. Following the completion of the transaction, the director directly owned 99,143 shares in the company, valued at $6,989,581.50. The trade was a 21.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on KR shares. Argus set a $85.00 price objective on Kroger in a report on Thursday, September 18th. Jefferies Financial Group set a $83.00 price objective on Kroger and gave the stock a "buy" rating in a report on Monday, June 23rd. Guggenheim reiterated a "buy" rating and issued a $78.00 price objective on shares of Kroger in a report on Friday, September 12th. Wall Street Zen cut Kroger from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 21st. Finally, Evercore ISI increased their price objective on Kroger from $80.00 to $82.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $73.63.
Check Out Our Latest Analysis on KR
Kroger Price Performance
KR stock opened at $66.39 on Tuesday. The firm has a 50 day moving average price of $69.21 and a 200-day moving average price of $69.00. The Kroger Co. has a 52-week low of $54.88 and a 52-week high of $74.90. The firm has a market capitalization of $44.00 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.90 and a beta of 0.60. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95.
Kroger (NYSE:KR - Get Free Report) last released its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The firm had revenue of $33.94 billion during the quarter, compared to analyst estimates of $34.08 billion. During the same period last year, the business earned $0.93 earnings per share. The business's revenue was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Equities research analysts forecast that The Kroger Co. will post 4.44 EPS for the current fiscal year.
Kroger Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, November 14th. Kroger's dividend payout ratio (DPR) is presently 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.
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