The Kroger Co. $KR Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. boosted its holdings in The Kroger Co. (NYSE:KRFree Report) by 51.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 70,479 shares of the company’s stock after purchasing an additional 23,835 shares during the quarter. iA Global Asset Management Inc.’s holdings in Kroger were worth $4,751,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. SOA Wealth Advisors LLC. raised its stake in shares of 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 acquiring an additional 342 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Kroger during the 2nd quarter worth $28,000. Rossby Financial LCC acquired a new stake in Kroger in the 2nd quarter valued at $29,000. Whipplewood Advisors LLC raised its position in Kroger by 10,425.0% in the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 417 shares during the period. Finally, Vermillion & White Wealth Management Group LLC raised its position in Kroger by 87.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock valued at $32,000 after purchasing an additional 208 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KR. Morgan Stanley set a $67.00 target price on Kroger and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Wells Fargo & Company reiterated an “overweight” rating and set a $70.00 price objective (down previously from $78.00) on shares of Kroger in a research note on Thursday, December 4th. Evercore ISI set a $77.00 target price on shares of Kroger and gave the stock an “outperform” rating in a research report on Friday, December 5th. Guggenheim reaffirmed a “buy” rating and set a $78.00 price target on shares of Kroger in a report on Wednesday, November 19th. Finally, Citigroup reaffirmed a “neutral” rating and set a $68.00 price target (down previously from $74.00) on shares of Kroger in a research note on Wednesday, December 10th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kroger has a consensus rating of “Moderate Buy” and an average target price of $73.80.

Read Our Latest Stock Analysis on KR

More Kroger News

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Kroger Stock Up 2.5%

KR stock opened at $64.24 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.45 and a debt-to-equity ratio of 2.28. The firm has a 50 day simple moving average of $63.51 and a 200-day simple moving average of $66.75. The company has a market capitalization of $40.66 billion, a P/E ratio of 59.48, a PEG ratio of 1.76 and a beta of 0.61. The Kroger Co. has a twelve month low of $58.32 and a twelve month high of $74.90.

Kroger (NYSE:KRGet Free Report) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The firm had revenue of $33.86 billion for the quarter, compared to analysts’ expectations of $34.27 billion. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, equities research analysts predict that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Profile

(Free Report)

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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