PDS Planning Inc Buys 152 Shares of The Kroger Co. $KR

PDS Planning Inc raised its stake in The Kroger Co. (NYSE:KR) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,715 shares of the company’s stock after purchasing an additional 152 shares during the quarter. PDS Planning Inc’s holdings in Kroger were worth $553,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thompson Investment Management Inc. bought a new stake in Kroger in the second quarter valued at approximately $38,000. Monument Capital Management bought a new position in shares of Kroger during the second quarter valued at approximately $2,901,000. Coordinated Financial Services Inc. bought a new position in shares of Kroger during the second quarter valued at approximately $334,000. Callan Family Office LLC raised its holdings in shares of Kroger by 726.0% during the second quarter. Callan Family Office LLC now owns 57,602 shares of the company’s stock valued at $4,132,000 after acquiring an additional 50,628 shares in the last quarter. Finally, TFR Capital LLC. raised its holdings in shares of Kroger by 1.4% during the second quarter. TFR Capital LLC. now owns 22,717 shares of the company’s stock valued at $1,629,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Kroger Trading Up 0.5%

NYSE KR opened at $67.88 on Friday. The Kroger Co. has a 12 month low of $54.88 and a 12 month high of $74.90. The stock has a market cap of $44.98 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.97 and a beta of 0.57. The stock’s fifty day moving average price is $68.47 and its 200-day moving average price is $69.07. 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) last released its earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping 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 analysts’ expectations of $34.08 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The company’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. As a group, equities analysts forecast that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The firm also recently disclosed 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 dividend yield of 2.1%. Kroger’s dividend payout ratio (DPR) is 35.53%.

Insider Activity at Kroger

In related news, Director Clyde R. Moore sold 3,810 shares of the stock in a transaction on 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 directly owned 85,850 shares of the company’s stock, valued at $6,147,718.50. This trade represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley set a $76.00 target price on Kroger and gave the company an “equal weight” rating in a report on Monday, June 23rd. Evercore ISI upped their target price on Kroger from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. 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. Jefferies Financial Group set a $83.00 price objective on Kroger and gave the stock a “buy” rating in a report on Monday, June 23rd. Finally, UBS Group reiterated a “neutral” rating and issued a $74.00 price objective (up previously from $66.00) on shares of Kroger in a report on Monday, June 23rd. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Kroger presently has an average rating of “Moderate Buy” and a consensus price target of $73.63.

Kroger 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.