The Kroger Co. $KR Holdings Trimmed by Oarsman Capital Inc.

Oarsman Capital Inc. lowered its position in shares of The Kroger Co. (NYSE:KR) by 3.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 41,422 shares of the company’s stock after selling 1,469 shares during the period. Oarsman Capital Inc.’s holdings in Kroger were worth $2,971,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Accent Capital Management LLC acquired a new position in shares of Kroger in the 1st quarter valued at $25,000. SOA Wealth Advisors LLC. boosted its position in shares of Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after purchasing an additional 342 shares during the period. Rossby Financial LCC acquired a new position in shares of Kroger in the 2nd quarter valued at $29,000. Whipplewood Advisors LLC boosted its position in shares of Kroger by 10,425.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 417 shares during the period. Finally, Capital Analysts LLC acquired a new position in shares of Kroger in the 1st quarter valued at $36,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

KR has been the subject of a number of recent analyst reports. Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and increased their price target for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a research report on Wednesday, October 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $82.00 price target on shares of Kroger in a research report on Thursday, September 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $75.00 price target (down previously from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Finally, Argus set a $85.00 price target on Kroger in a research report on Thursday, September 18th. Ten equities 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.com, Kroger presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

Kroger Stock Down 0.5%

Shares of Kroger stock opened at $67.72 on Wednesday. The stock has a 50-day moving average price of $67.62 and a 200 day moving average price of $69.19. The company has a market cap of $44.87 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.98 and a beta of 0.57. 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 Kroger Co. has a 1 year low of $55.60 and a 1 year high of $74.90.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share (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 firm had revenue of $33.94 billion during the quarter, compared to the consensus estimate of $34.08 billion. During the same period in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, analysts expect that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 35.53%.

Kroger Company 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.