Yousif Capital Management LLC Sells 7,534 Shares of The Kroger Co. $KR

Key Points

• Yousif Capital Management LLC has reduced its stake in The Kroger Co. by 7.0%, selling 7,534 shares and holding 100,464 shares valued at approximately $7.2 million.
• Kroger recently reported earnings per share of $1.04 for the quarter, exceeding estimates, and has set a full-year EPS guidance of 4.700-4.800.
• The company announced a quarterly dividend of $0.35 per share, with an annualized yield of 2.0%, payable on December 1st to investors of record by November 14th.

Yousif Capital Management LLC lowered its stake in shares of The Kroger Co. (NYSE:KR - Free Report) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,464 shares of the company's stock after selling 7,534 shares during the period. Yousif Capital Management LLC's holdings in Kroger were worth $7,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Kroger by 85.3% during the 1st quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company's stock valued at $433,065,000 after purchasing an additional 2,945,848 shares during the last quarter. Nuveen LLC bought a new stake in Kroger in the 1st quarter worth approximately $178,385,000. Alyeska Investment Group L.P. increased its stake in Kroger by 101.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company's stock worth $276,485,000 after acquiring an additional 2,059,574 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Kroger by 80.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,185,530 shares of the company's stock worth $156,768,000 after acquiring an additional 976,100 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Kroger in the first quarter valued at $62,730,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on KR. Evercore ISI lowered their price objective on shares of Kroger from $82.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Kroger from $57.00 to $67.00 and gave the stock a "hold" rating in a research note on Monday, June 23rd. Roth Capital upgraded Kroger from a "neutral" rating to a "buy" rating and set a $75.00 target price for the company in a report on Wednesday, September 17th. Weiss Ratings reiterated a "buy (b)" rating on shares of Kroger in a report on Wednesday, October 8th. Finally, UBS Group restated a "neutral" rating and issued a $74.00 price target (up from $66.00) on shares of Kroger in a research report on Monday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.53.

Kroger Trading Up 3.0%

Shares of NYSE:KR opened at $69.17 on Wednesday. The Kroger Co. has a 12-month low of $55.19 and a 12-month high of $74.90. The business's fifty day simple moving average is $68.33 and its 200-day simple moving average is $69.09. The company has a market capitalization of $45.84 billion, a PE ratio of 17.56, a P/E/G ratio of 1.95 and a beta of 0.57. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85.

Kroger (NYSE:KR - Get Free Report) last released its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $34.08 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The business'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. As a group, equities research analysts predict that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors 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 2.0%. The ex-dividend date of this dividend is Friday, November 14th. Kroger's dividend payout ratio (DPR) is 35.53%.

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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