TD Asset Management Inc Has $15.87 Million Stock Position in The Kroger Co. $KR

Key Points

• TD Asset Management Inc has reduced its stake in The Kroger Co. by 8.0% in Q2, now owning 221,302 shares valued at approximately $15.87 million.
• Several institutional investors increased their positions in Kroger during recent quarters, with 80.93% of the company’s stock owned by institutional investors and hedge funds.
• The Kroger Co. recently announced a quarterly dividend of $0.35 per share, representing an annualized yield of 2.0%, set to be paid on December 1st.

TD Asset Management Inc decreased its stake in shares of The Kroger Co. (NYSE:KR - Free Report) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 221,302 shares of the company's stock after selling 19,131 shares during the quarter. TD Asset Management Inc's holdings in Kroger were worth $15,874,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KR. Brighton Jones LLC increased its position in shares of Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company's stock worth $962,000 after purchasing an additional 3,373 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Kroger by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 25,209 shares of the company's stock worth $1,706,000 after purchasing an additional 2,347 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Kroger by 8.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 307,790 shares of the company's stock worth $20,834,000 after purchasing an additional 24,849 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of Kroger by 36.6% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,979 shares of the company's stock worth $542,000 after purchasing an additional 2,137 shares during the last quarter. Finally, Premier Path Wealth Partners LLC increased its holdings in shares of Kroger by 20.0% during the 1st quarter. Premier Path Wealth Partners LLC now owns 4,795 shares of the company's stock worth $325,000 after acquiring an additional 798 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KR. Argus set a $85.00 price target on Kroger in a research note on Thursday, September 18th. Guggenheim restated a "buy" rating and issued a $78.00 price target on shares of Kroger in a research note on Friday, September 12th. Weiss Ratings restated a "buy (b)" rating on shares of Kroger in a research note on Wednesday, October 8th. Barclays began coverage on Kroger in a research note on Monday, July 21st. They issued an "equal weight" rating and a $75.00 price target on the stock. Finally, Evercore ISI dropped their price target on Kroger from $82.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 14th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.50.

Kroger Stock Performance

Shares of NYSE KR opened at $69.13 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.54. The stock's fifty day moving average price is $68.04 and its two-hundred day moving average price is $69.12. The Kroger Co. has a one year low of $55.60 and a one year high of $74.90. The firm has a market cap of $45.81 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 2.01 and a beta of 0.57.

Kroger (NYSE:KR - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The company reported $1.04 EPS for the quarter, beating 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 firm had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, equities analysts forecast that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, November 14th. Kroger's dividend payout ratio is presently 35.53%.

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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