Pinney & Scofield Inc. Trims Stock Holdings in The Kroger Co. $KR

Pinney & Scofield Inc. lessened its position in shares of The Kroger Co. (NYSE:KR) by 46.9% during the 2nd quarter, Holdings Channel reports. The firm owned 1,748 shares of the company’s stock after selling 1,545 shares during the quarter. Pinney & Scofield Inc.’s holdings in Kroger were worth $125,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Accent Capital Management LLC acquired a new stake in shares of Kroger during the first quarter worth about $25,000. SOA Wealth Advisors LLC. lifted its stake in Kroger by 6,840.0% during 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 shares of Kroger in the 2nd quarter valued at $28,000. Rossby Financial LCC acquired a new stake in shares of Kroger in the second quarter worth $29,000. Finally, Whipplewood Advisors LLC raised its holdings in shares of Kroger by 10,425.0% during the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 417 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Stock Up 1.1%

KR opened at $66.70 on Friday. The Kroger Co. has a twelve month low of $57.08 and a twelve month high of $74.90. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85. The company has a 50-day moving average price of $66.54 and a 200 day moving average price of $68.65. The company has a market cap of $44.20 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $34.08 billion. During the same period in the previous year, the business earned $0.93 EPS. Kroger’s quarterly revenue was up .1% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Kroger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s dividend payout ratio is currently 35.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KR shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $75.00 price target (down from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Wall Street Zen cut Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Roth Capital upgraded Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, September 17th. Barclays started coverage on shares of Kroger in a report on Monday, July 21st. They set an “equal weight” rating and a $75.00 target price for the company. Finally, Guggenheim reissued a “buy” rating and set a $78.00 price target on shares of Kroger in a report on Friday, September 12th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.