Citizens Financial Group Inc. RI Has $904,000 Holdings in The Kroger Co. $KR

Citizens Financial Group Inc. RI increased its position in shares of The Kroger Co. (NYSE:KR) by 11.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,609 shares of the company’s stock after buying an additional 1,301 shares during the period. Citizens Financial Group Inc. RI’s holdings in Kroger were worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KR. Monument Capital Management bought a new stake in Kroger in the second quarter valued at approximately $2,901,000. Y Intercept Hong Kong Ltd boosted its stake in shares of Kroger by 2,313.4% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 138,915 shares of the company’s stock worth $9,964,000 after acquiring an additional 133,159 shares during the period. Advocate Group LLC increased its holdings in shares of Kroger by 16.6% during the 2nd quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock worth $8,707,000 after acquiring an additional 17,284 shares during the last quarter. AdvisorShares Investments LLC bought a new stake in Kroger in the 2nd quarter valued at $480,000. Finally, Liberty One Investment Management LLC lifted its holdings in Kroger by 1.4% during the 2nd quarter. Liberty One Investment Management LLC now owns 463,607 shares of the company’s stock valued at $33,255,000 after purchasing an additional 6,528 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KR has been the topic of several research reports. Roth Mkm upgraded shares of Kroger from a “neutral” rating to a “buy” rating and upped their price objective for the company from $66.00 to $75.00 in a report on Wednesday, September 17th. Wall Street Zen downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a research note on Wednesday, October 8th. Guggenheim restated a “buy” rating and set a $78.00 price objective on shares of Kroger in a research report on Friday, September 12th. Finally, Evercore ISI decreased their target price on Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Kroger presently has an average rating of “Moderate Buy” and an average target price of $74.50.

Kroger Trading Up 2.1%

Shares of Kroger stock opened at $67.46 on Wednesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. The firm has a 50-day moving average of $66.50 and a 200-day moving average of $68.55. The Kroger Co. has a 52-week low of $57.08 and a 52-week high of $74.90. The stock has a market cap of $44.70 billion, a PE ratio of 17.12, a PEG ratio of 1.92 and a beta of 0.55.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. The business had revenue of $33.94 billion during the quarter, compared to analysts’ expectations of $34.08 billion. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, sell-side analysts forecast that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Dividend Announcement

The firm also recently declared 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 is Friday, November 14th. Kroger’s payout ratio is presently 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.