Swedbank AB Has $28.20 Million Stock Position in The Kroger Co. $KR

Swedbank AB reduced its position in The Kroger Co. (NYSE:KR) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 418,402 shares of the company’s stock after selling 10,333 shares during the quarter. Swedbank AB owned approximately 0.06% of Kroger worth $28,204,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. boosted its position in Kroger by 6,840.0% in the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after buying an additional 342 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Kroger during the second quarter worth $28,000. Rossby Financial LCC bought a new stake in Kroger during the 2nd quarter worth about $29,000. Whipplewood Advisors LLC lifted its holdings 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 buying an additional 417 shares during the period. Finally, Vermillion & White Wealth Management Group LLC boosted its position in shares of Kroger by 87.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock worth $32,000 after purchasing an additional 208 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Kroger Stock Up 1.1%

Shares of NYSE KR opened at $63.00 on Friday. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.45. The company has a 50-day moving average price of $65.13 and a 200-day moving average price of $67.72. The stock has a market capitalization of $39.87 billion, a P/E ratio of 58.33, a P/E/G ratio of 1.76 and a beta of 0.58. The Kroger Co. has a 1 year low of $58.12 and a 1 year high of $74.90.

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

Analysts Set New Price Targets

A number of research firms have issued reports on KR. Weiss Ratings reissued a “hold (c)” rating on shares of Kroger in a research note on Monday. Evercore ISI set a $77.00 price objective on shares of Kroger and gave the stock an “outperform” rating in a research note on Friday, December 5th. Telsey Advisory Group restated an “outperform” rating and set a $80.00 target price (down from $82.00) on shares of Kroger in a report on Monday, December 1st. UBS Group reissued a “neutral” rating and issued a $70.00 price target (down from $74.00) on shares of Kroger in a report on Friday, December 5th. Finally, Citigroup reissued a “neutral” rating and issued a $68.00 target price (down previously from $74.00) on shares of Kroger in a research report on Wednesday, December 10th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.13.

Kroger Company Profile

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.