AlphaQuest LLC Sells 6,899 Shares of The Kroger Co. $KR

AlphaQuest LLC decreased its holdings in shares of The Kroger Co. (NYSE:KR) by 37.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,706 shares of the company’s stock after selling 6,899 shares during the quarter. AlphaQuest LLC’s holdings in Kroger were worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Accent Capital Management LLC bought a new position in shares of Kroger in the first quarter worth $25,000. SOA Wealth Advisors LLC. increased its holdings in shares of Kroger by 6,840.0% in the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after purchasing an additional 342 shares during the period. Capital Analysts LLC bought a new position in shares of Kroger in the first quarter worth $36,000. GKV Capital Management Co. Inc. bought a new position in shares of Kroger in the first quarter worth $38,000. Finally, Thompson Investment Management Inc. bought a new position in shares of Kroger in the second quarter worth $38,000. Institutional investors own 80.93% of the company’s stock.

Kroger Stock Performance

Kroger stock opened at $67.09 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85. The firm has a 50-day moving average of $67.72 and a 200-day moving average of $69.17. The firm has a market cap of $44.46 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.95 and a beta of 0.57. The Kroger Co. has a 1-year low of $55.60 and a 1-year high of $74.90.

Kroger (NYSE:KR) last posted its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $33.94 billion during the quarter, compared to analyst estimates of $34.08 billion. Kroger had a net margin of 1.86% and a return on equity of 32.62%. Kroger’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Sell-side analysts expect 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 will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio is currently 35.53%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KR shares. Guggenheim reiterated a “buy” rating and issued a $78.00 target price on shares of Kroger in a research report on Friday, September 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $75.00 target price (down from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Roth Capital upgraded shares of 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. Evercore ISI cut their target price on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Finally, Argus set a $85.00 target price on shares of Kroger in a research report on Thursday, September 18th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.50.

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.