The Kroger Co. $KR Shares Bought by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its stake in The Kroger Co. by 30.4% during Q2, now owning 30,414 shares valued at approximately $2.18 million.
• Kroger reported $1.04 earnings per share, surpassing expectations, with a net margin of 1.86% and quarterly revenue of $33.94 billion.
• The company declared a quarterly dividend of $0.35 per share, with an upcoming ex-dividend date on November 14th, reflecting a 2.0% yield.

Sequoia Financial Advisors LLC boosted its stake in shares of The Kroger Co. (NYSE:KR - Free Report) by 30.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,414 shares of the company's stock after buying an additional 7,082 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Kroger were worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. grew its position in Kroger by 6,840.0% during the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company's stock worth $25,000 after buying an additional 342 shares during the period. Accent Capital Management LLC acquired a new position in Kroger during the first quarter worth about $25,000. Garde Capital Inc. acquired a new position in Kroger during the first quarter worth about $31,000. Capital Analysts LLC acquired a new position in Kroger during the first quarter worth about $36,000. Finally, Thompson Investment Management Inc. acquired a new position in Kroger during the second quarter worth about $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Stock Performance

Shares of KR opened at $69.05 on Thursday. 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 company has a market capitalization of $45.76 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 2.01 and a beta of 0.57. The company's 50 day simple moving average is $68.24 and its 200 day simple moving average is $69.09. The Kroger Co. has a 1 year low of $55.60 and a 1 year high of $74.90.

Kroger (NYSE:KR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $33.94 billion for the quarter, compared to the consensus estimate of $34.08 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, sell-side analysts predict that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors 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 2.0%. Kroger's dividend payout ratio is 35.53%.

Analyst Upgrades and Downgrades

KR has been the topic of several recent research reports. UBS Group reaffirmed a "neutral" rating and issued a $74.00 price target (up previously from $66.00) on shares of Kroger in a report on Monday, June 23rd. Guggenheim reaffirmed a "buy" rating and issued a $78.00 price target on shares of Kroger in a report on Friday, September 12th. Argus set a $85.00 price target on shares of Kroger in a report on Thursday, September 18th. Wall Street Zen downgraded shares of Kroger from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 21st. Finally, Evercore ISI reduced their price target on shares of Kroger from $82.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $73.53.

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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