RHS Financial LLC Has $435,000 Stock Holdings in The Kroger Co. $KR

RHS Financial LLC increased its position in shares of The Kroger Co. (NYSE:KR) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,061 shares of the company’s stock after acquiring an additional 202 shares during the quarter. RHS Financial LLC’s holdings in Kroger were worth $435,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Accent Capital Management LLC acquired a new position in shares of Kroger during the first quarter valued at $25,000. SOA Wealth Advisors LLC. lifted its stake in shares of Kroger by 6,840.0% during the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after acquiring an additional 342 shares during the period. Garde Capital Inc. acquired a new position in shares of Kroger during the first quarter valued at $31,000. Capital Analysts LLC acquired a new position in shares of Kroger during the first quarter valued at $36,000. Finally, Sound Income Strategies LLC lifted its stake in Kroger by 46.7% in the first quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock valued at $37,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Trading Up 0.5%

NYSE KR opened at $67.88 on Monday. The firm 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 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’s 50-day moving average is $68.47 and its 200-day moving average is $69.09. The Kroger Co. has a one year low of $54.88 and a one year high of $74.90.

Kroger (NYSE:KR) last released its quarterly 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. The company had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.Kroger’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Sell-side analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

The company also recently disclosed 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. 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 dividend payout ratio (DPR) is presently 35.53%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KR. UBS Group reissued a “neutral” rating and issued a $74.00 target price (up previously from $66.00) on shares of Kroger in a research note on Monday, June 23rd. Argus set a $85.00 target price on Kroger in a research note on Thursday, September 18th. Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and increased their target price for the company from $66.00 to $75.00 in a research note on Wednesday, September 17th. Morgan Stanley set a $76.00 target price on Kroger and gave the company an “equal weight” rating in a research note on Monday, June 23rd. Finally, Jefferies Financial Group set a $83.00 target price on Kroger and gave the company a “buy” rating in a research note on Monday, June 23rd. Ten 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.com, Kroger currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.63.

Insider Activity

In related news, Director Clyde R. Moore sold 3,810 shares of the 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 completion of the transaction, the director directly owned 85,850 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.44% of the company’s stock.

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.