11,392 Shares of The Kroger Co. $KR Bought by National Wealth Management Group LLC

National Wealth Management Group LLC bought a new position in shares of The Kroger Co. (NYSE:KR) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 11,392 shares of the company’s stock, valued at approximately $668,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in Kroger during the first quarter worth about $27,000. North Point Portfolio Managers Corp OH acquired a new stake in shares of Kroger during the third quarter worth approximately $30,000. Axiom Investment Management LLC bought a new position in shares of Kroger in the first quarter valued at approximately $31,000. Cedar Mountain Advisors LLC bought a new position in shares of Kroger in the first quarter valued at approximately $33,000. Finally, GK Wealth Management LLC bought a new position in shares of Kroger in the third quarter valued at approximately $33,000. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on KR. Wall Street Zen raised Kroger from a “hold” rating to a “buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $70.00 price target on shares of Kroger in a report on Wednesday, October 21st. Telsey Advisory Group cut their price objective on Kroger from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Monday, September 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Kroger in a research note on Monday, September 14th. Finally, Citigroup restated a “neutral” rating and set a $57.00 target price (down from $61.00) on shares of Kroger in a report on Tuesday, September 1st. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.35.

Insider Buying and Selling at Kroger

In related news, EVP Mary Adcock sold 72,901 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $60.70, for a total value of $4,425,090.70. Following the completion of the transaction, the executive vice president owned 175,233 shares in the company, valued at $10,636,643.10. The trade was a 29.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Kroger Trading Up 0.0%

KR opened at $66.79 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.31 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $39.44 billion, a PE ratio of 36.30, a PEG ratio of 1.88 and a beta of 0.36. The Kroger Co. has a 1-year low of $54.15 and a 1-year high of $76.58. The firm has a 50-day moving average price of $59.67 and a two-hundred day moving average price of $63.45.

Kroger (NYSE:KR) last announced its earnings results on Friday, September 11th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Kroger had a net margin of 0.73% and a return on equity of 49.90%. The company had revenue of $34.62 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. As a group, equities analysts anticipate that The Kroger Co. will post 5.20 earnings per share for the current fiscal year.

Kroger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.3%. Kroger’s dividend payout ratio (DPR) is currently 84.78%.

About Kroger

The Kroger Co is a U.S. food and grocery retailer headquartered in Cincinnati, Ohio. Founded by Bernard Kroger in 1883, the company operates supermarkets under banners that include Kroger, Ralphs, Fred Meyer, King Soopers, Fry’s, Harris Teeter and Smith’s, among others.

Kroger’s business includes the sale of fresh food, groceries, general merchandise, household products and health and beauty items. Many of its stores also provide pharmacy services and fuel centers. The company offers digital shopping, pickup and delivery services, loyalty programs and a range of private-label products, including Simple Truth, Private Selection and Kroger-branded products.

Kroger primarily serves customers across the United States, with stores concentrated in the Midwest, South, West and parts of the Mid-Atlantic region.