The Kroger Co. $KR Stock Position Decreased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its position in The Kroger Co. (NYSE:KR) by 87.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,247 shares of the company’s stock after selling 142,169 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Kroger were worth $1,524,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Kroger by 85.3% in the first quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company’s stock valued at $433,065,000 after acquiring an additional 2,945,848 shares during the last quarter. Nuveen LLC acquired a new position in shares of Kroger during the 1st quarter worth $178,385,000. Alyeska Investment Group L.P. raised its holdings in shares of Kroger by 101.7% during the 1st quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock valued at $276,485,000 after purchasing an additional 2,059,574 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Kroger during the 2nd quarter valued at $120,965,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Kroger by 80.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,185,530 shares of the company’s stock valued at $156,768,000 after purchasing an additional 976,100 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $75.00 target price (down from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and upped their price target for the stock from $66.00 to $75.00 in a research note on Wednesday, September 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $82.00 price objective on shares of Kroger in a research note on Thursday, September 11th. Finally, Roth Capital raised Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, September 17th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kroger presently has an average rating of “Moderate Buy” and an average target price of $74.50.

Kroger Trading Up 0.1%

Shares of NYSE:KR opened at $67.44 on Thursday. 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 stock’s 50-day moving average is $66.51 and its 200-day moving average is $68.55. The company has a market cap of $44.69 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.92 and a beta of 0.55. The Kroger Co. has a 52-week low of $57.08 and a 52-week high of $74.90.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $33.94 billion during the quarter, compared to the consensus estimate of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Equities research analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.35 dividend. The ex-dividend date 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 presently 35.53%.

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.