The Kroger Co. $KR Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management reduced its Kroger stake by 8.9% in the second quarter, selling 203,216 shares and retaining 2.09 million shares valued at approximately $116.1 million. Institutional investors collectively own 80.93% of Kroger.
• Kroger reported quarterly revenue of $46.12 billion, up 2.2% year over year, but earnings per share of $1.58 narrowly missed estimates. Management provided fiscal 2026 EPS guidance of $5.10–$5.30.
• Kroger increased its quarterly dividend from $0.35 to $0.39 per share, representing an annualized dividend of $1.56 and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $71.75.

Allianz Asset Management GmbH lowered its position in The Kroger Co. (NYSE:KR - Free Report) by 8.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,091,365 shares of the company's stock after selling 203,216 shares during the period. Allianz Asset Management GmbH owned about 0.34% of Kroger worth $116,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. HORAN Wealth LLC grew its holdings in Kroger by 21.7% during the second quarter. HORAN Wealth LLC now owns 9,022 shares of the company's stock worth $501,000 after acquiring an additional 1,606 shares during the period. Amundi lifted its holdings in Kroger by 18.3% in the second quarter. Amundi now owns 3,942,230 shares of the company's stock valued at $218,912,000 after acquiring an additional 610,039 shares during the period. Advus Financial Partners LLC boosted its position in shares of Kroger by 17.4% during the 2nd quarter. Advus Financial Partners LLC now owns 6,515 shares of the company's stock worth $362,000 after purchasing an additional 964 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Kroger during the 2nd quarter worth $13,945,000. Finally, California State Teachers Retirement System grew its stake in shares of Kroger by 6,190.2% during the 2nd quarter. California State Teachers Retirement System now owns 43,768,080 shares of the company's stock worth $2,430,441,000 after purchasing an additional 43,072,270 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Kroger Price Performance

KR stock opened at $58.62 on Tuesday. The stock has a market capitalization of $35.91 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 1.64 and a beta of 0.41. The company has a quick ratio of 0.39, a current ratio of 0.79 and a debt-to-equity ratio of 2.43. The Kroger Co. has a 52-week low of $54.15 and a 52-week high of $76.58. The stock's fifty day simple moving average is $57.76 and its 200-day simple moving average is $63.92.

Kroger (NYSE:KR - Get Free Report) last released its earnings results on Thursday, June 18th. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.01). The business had revenue of $46.12 billion during the quarter, compared to analyst estimates of $45.59 billion. Kroger had a net margin of 0.71% and a return on equity of 44.33%. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. Equities research analysts expect that The Kroger Co. will post 5.21 EPS for the current year.

Kroger Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 2.7%. This is a boost from Kroger's previous quarterly dividend of $0.35. Kroger's dividend payout ratio is presently 91.76%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company set a $58.00 price target on Kroger in a report on Monday, June 22nd. JPMorgan Chase & Co. reduced their price objective on Kroger from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, June 11th. Jefferies Financial Group reiterated a "buy" rating and set a $80.00 target price on shares of Kroger in a research report on Wednesday, June 3rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $82.00 price target on shares of Kroger in a research note on Friday, June 19th. Finally, Morgan Stanley decreased their price objective on shares of Kroger from $73.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Monday, June 22nd. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $71.75.

Kroger Profile

The Kroger Co NYSE: KR is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger's stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.

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