Courier Capital LLC Reduces Stake in The Kroger Co. $KR

Courier Capital LLC lessened its holdings in The Kroger Co. (NYSE:KR) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,350 shares of the company’s stock after selling 270 shares during the period. Courier Capital LLC’s holdings in Kroger were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. IFC Advisors LLC lifted its stake in shares of Kroger by 1.7% in the 1st quarter. IFC Advisors LLC now owns 8,642 shares of the company’s stock valued at $585,000 after purchasing an additional 142 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of Kroger by 1.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 8,025 shares of the company’s stock valued at $576,000 after purchasing an additional 146 shares during the last quarter. PDS Planning Inc lifted its stake in shares of Kroger by 2.0% in the 2nd quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock valued at $553,000 after purchasing an additional 152 shares during the last quarter. Cairn Investment Group Inc. lifted its stake in shares of Kroger by 0.3% in the 2nd quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock valued at $4,225,000 after purchasing an additional 163 shares during the last quarter. Finally, Independent Wealth Network Inc. lifted its stake in shares of Kroger by 0.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock valued at $1,385,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Stock Performance

Shares of Kroger stock opened at $69.17 on Wednesday. The business has a 50-day simple moving average of $68.33 and a 200-day simple moving average of $69.09. 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 Kroger Co. has a one year low of $55.19 and a one year high of $74.90. The company has a market cap of $45.84 billion, a PE ratio of 17.56, a P/E/G ratio of 1.95 and a beta of 0.57.

Kroger (NYSE:KR) last issued its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating 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 firm had revenue of $33.94 billion for the quarter, compared to analysts’ expectations of $34.08 billion. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s revenue was up .1% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, equities research analysts forecast that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s dividend payout ratio is 35.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Guggenheim reaffirmed a “buy” rating and issued a $78.00 price target on shares of Kroger in a research note on Friday, September 12th. Jefferies Financial Group set a $83.00 target price on Kroger and gave the company a “buy” rating in a report on Monday, June 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a research note on Wednesday, October 8th. Argus set a $85.00 price target on shares of Kroger in a research report on Thursday, September 18th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $82.00 price objective on shares of Kroger in a report on Thursday, September 11th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.53.

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.