Safe Harbor Fiduciary LLC Purchases New Holdings in The Kroger Co. $KR

Safe Harbor Fiduciary LLC acquired a new position in shares of The Kroger Co. (NYSE:KR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,500 shares of the company’s stock, valued at approximately $108,000.

Other institutional investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. grew its position 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 worth $25,000 after buying an additional 342 shares in the last quarter. Accent Capital Management LLC bought a new position in Kroger during the 1st quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new position in Kroger during the 2nd quarter valued at $28,000. Rossby Financial LCC bought a new stake in shares of Kroger in the 2nd quarter worth about $29,000. Finally, Whipplewood Advisors LLC lifted its position in shares of Kroger by 10,425.0% during the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 417 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on KR. Weiss Ratings restated a “buy (b-)” rating on shares of Kroger in a research note on Tuesday. Guggenheim reissued a “buy” rating and set a $78.00 price target on shares of Kroger in a research report on Wednesday, November 19th. JPMorgan Chase & Co. reduced their price objective on Kroger from $75.00 to $73.00 and set a “neutral” rating on the stock in a research note on Wednesday. Argus set a $85.00 target price on shares of Kroger in a research note on Thursday, September 18th. Finally, Evercore ISI dropped their target price on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kroger currently has an average rating of “Moderate Buy” and an average target price of $74.39.

Kroger Price Performance

Shares of NYSE KR opened at $67.08 on Thursday. 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 firm has a market capitalization of $44.45 billion, a PE ratio of 17.03, a P/E/G ratio of 1.92 and a beta of 0.55. The Kroger Co. has a 1-year low of $57.69 and a 1-year high of $74.90. The business’s fifty day moving average price is $66.37 and its two-hundred day moving average price is $68.32.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The business had revenue of $33.94 billion during the quarter, compared to analyst estimates of $34.08 billion. During the same quarter in the prior year, the firm earned $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. On average, research analysts expect that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

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