The Kroger Co. $KR Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in The Kroger Co. (NYSE:KR) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,014 shares of the company’s stock after purchasing an additional 16,288 shares during the period. Nisa Investment Advisors LLC’s holdings in Kroger were worth $21,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in KR. IFC Advisors LLC lifted its holdings in shares of Kroger by 1.7% in the 1st quarter. IFC Advisors LLC now owns 8,642 shares of the company’s stock valued at $585,000 after buying an additional 142 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in Kroger by 1.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 8,025 shares of the company’s stock valued at $576,000 after acquiring an additional 146 shares during the period. PDS Planning Inc lifted its holdings in Kroger by 2.0% in the second quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock valued at $553,000 after acquiring an additional 152 shares during the period. Cairn Investment Group Inc. lifted its stake in shares of Kroger by 0.3% in the second quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock valued at $4,225,000 after purchasing an additional 163 shares during the period. Finally, Independent Wealth Network Inc. lifted its stake in shares of Kroger by 0.9% in the second quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock valued at $1,385,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Stock Performance

NYSE KR opened at $67.09 on Monday. The Kroger Co. has a fifty-two week low of $55.60 and a fifty-two week high of $74.90. The stock has a market cap of $44.46 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.95 and a beta of 0.57. The business has a fifty day moving average of $67.72 and a 200-day moving average of $69.17. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85.

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

Kroger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s payout ratio is currently 35.53%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $82.00 price objective on shares of Kroger in a research note on Thursday, September 11th. Argus set a $85.00 price target on shares of Kroger in a research report on Thursday, September 18th. Wall Street Zen cut Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday. Evercore ISI reduced their price objective on Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $75.00 price target (down previously from $82.00) on shares of Kroger in a research note on Wednesday, August 20th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.50.

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.