Naples Global Advisors LLC Sells 749 Shares of The Kroger Co. $KR

Naples Global Advisors LLC decreased its position in The Kroger Co. (NYSE:KR) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,031 shares of the company’s stock after selling 749 shares during the quarter. Naples Global Advisors LLC’s holdings in Kroger were worth $2,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. IFC Advisors LLC increased its holdings in Kroger by 1.7% in the first quarter. IFC Advisors LLC now owns 8,642 shares of the company’s stock worth $585,000 after purchasing an additional 142 shares in the last quarter. Cairn Investment Group Inc. grew its holdings in Kroger by 0.3% during the second quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock worth $4,225,000 after buying an additional 163 shares in the last quarter. Independent Wealth Network Inc. grew its holdings in Kroger by 0.9% during the second quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock worth $1,385,000 after buying an additional 164 shares in the last quarter. Gratus Wealth Advisors LLC grew its holdings in Kroger by 1.6% during the first quarter. Gratus Wealth Advisors LLC now owns 11,182 shares of the company’s stock worth $757,000 after buying an additional 174 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in Kroger by 46.7% in the first quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock worth $37,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Kroger Stock Down 1.3%

Kroger stock opened at $66.51 on Thursday. The Kroger Co. has a 1-year low of $54.88 and a 1-year high of $74.90. 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 has a market cap of $44.08 billion, a PE ratio of 16.88, a P/E/G ratio of 1.96 and a beta of 0.57. The stock’s fifty day moving average is $68.98 and its two-hundred day moving average is $68.98.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share 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 company had revenue of $33.94 billion for the quarter, compared to analysts’ expectations of $34.08 billion. During the same period last year, the firm earned $0.93 earnings per share. Kroger’s quarterly revenue was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, sell-side analysts expect that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Announces Dividend

The company 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. The ex-dividend date is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. Kroger’s payout ratio is 35.53%.

Insider Activity at Kroger

In other news, Director Clyde R. Moore sold 3,810 shares of Kroger stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $71.61, for a total transaction of $272,834.10. Following the sale, the director owned 85,850 shares in the company, valued at approximately $6,147,718.50. The trade was a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Argus set a $85.00 price target on Kroger in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft upped their target price on Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a research note on Monday, June 23rd. Wall Street Zen lowered Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and increased their price objective for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Finally, Guggenheim reiterated a “buy” rating and set a $78.00 price objective on shares of Kroger in a research report on Friday, September 12th. Nine equities research 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, Kroger currently has an average rating of “Hold” and a consensus target price 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.