State of Alaska Department of Revenue Acquires 12,730 Shares of The Kroger Co. $KR

Key Points

• The State of Alaska Department of Revenue increased its stake in The Kroger Co. by 12.1%, acquiring an additional 12,730 shares, bringing its total holdings to 117,733 shares valued at approximately $8.44 million.
• Kroger recently declared a quarterly dividend of $0.35 per share, with an ex-dividend date of November 14th, representing a 2.1% annual yield.
• Analysts have mixed ratings on Kroger stock, with a consensus rating of "Hold" and an average price target of $73.63, reflecting various recent upgrades and downgrades.

State of Alaska Department of Revenue raised its stake in The Kroger Co. (NYSE:KR - Free Report) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,733 shares of the company's stock after acquiring an additional 12,730 shares during the period. State of Alaska Department of Revenue's holdings in Kroger were worth $8,444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Old Port Advisors grew its stake in Kroger by 5.4% during the second quarter. Old Port Advisors now owns 4,276 shares of the company's stock worth $307,000 after buying an additional 220 shares during the last quarter. Patton Fund Management Inc. acquired a new position in shares of Kroger in the 2nd quarter worth approximately $3,226,000. Meyer Handelman Co. grew its position in Kroger by 40.1% during the 2nd quarter. Meyer Handelman Co. now owns 95,714 shares of the company's stock worth $6,866,000 after acquiring an additional 27,378 shares during the last quarter. Dakota Wealth Management acquired a new stake in Kroger during the 2nd quarter valued at $906,000. Finally, Plancorp LLC bought a new position in Kroger in the 2nd quarter valued at $203,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Kroger

In related news, Director Clyde R. Moore sold 26,814 shares of the company's stock in a transaction dated 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 sale, the director owned 99,143 shares in the company, valued at approximately $6,989,581.50. This represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.44% of the stock is owned by insiders.

Kroger Stock Down 0.1%

Shares of NYSE KR opened at $65.43 on Friday. 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 $43.36 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.90 and a beta of 0.59. The firm has a 50 day moving average price of $69.32 and a 200 day moving average price of $68.98.

Kroger (NYSE:KR - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 32.62% and a net margin of 1.86%.Kroger's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Analysts expect that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

The firm 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 annualized dividend and a yield of 2.1%. Kroger's payout ratio is 35.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KR shares. Telsey Advisory Group restated an "outperform" rating and issued a $82.00 target price on shares of Kroger in a research note on Thursday, September 11th. Roth Capital upgraded 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. UBS Group reaffirmed a "neutral" rating and issued a $74.00 target price (up from $66.00) on shares of Kroger in a research note on Monday, June 23rd. JPMorgan Chase & Co. reissued a "neutral" rating and set a $75.00 price target (down from $82.00) on shares of Kroger in a research note on Wednesday, August 20th. Finally, Barclays assumed coverage on shares of Kroger in a research report on Monday, July 21st. They issued an "equal weight" rating and a $75.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $73.63.

About Kroger

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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