The Kroger Co. $KR Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its stake in shares of The Kroger Co. (NYSE:KR) by 1.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 54,701 shares of the company’s stock after purchasing an additional 800 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Kroger were worth $3,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Accent Capital Management LLC purchased a new position in Kroger during the first quarter worth approximately $25,000. SOA Wealth Advisors LLC. grew its holdings in Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after buying an additional 342 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Kroger in the 2nd quarter worth $28,000. Rossby Financial LCC purchased a new position in shares of Kroger during the 2nd quarter worth $29,000. Finally, Whipplewood Advisors LLC boosted its position in shares of Kroger by 10,425.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after acquiring an additional 417 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Stock Performance

Shares of KR stock opened at $67.55 on Tuesday. The Kroger Co. has a one year low of $57.69 and a one year high of $74.90. 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’s 50 day moving average price is $66.49 and its 200-day moving average price is $68.32. The firm has a market cap of $44.76 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.92 and a beta of 0.55.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $34.08 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. The firm’s quarterly revenue 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, equities research analysts predict that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, November 14th. Kroger’s dividend payout ratio (DPR) is 35.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Argus set a $85.00 price objective on shares of Kroger in a report on Thursday, September 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Kroger in a research note on Tuesday, November 25th. Wall Street Zen lowered shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Evercore ISI decreased their price objective on Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Finally, Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $75.00 in a research report on Wednesday, September 17th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.39.

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.