The Kroger Co. $KR Shares Sold by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs reduced its position in shares of The Kroger Co. (NYSE:KR) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,762 shares of the company’s stock after selling 1,128 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Kroger were worth $1,776,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Monument Capital Management acquired a new stake in shares of Kroger during the 2nd quarter valued at approximately $2,901,000. Advocate Group LLC raised its position in shares of Kroger by 16.6% during the 2nd quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock valued at $8,707,000 after acquiring an additional 17,284 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Kroger by 1.7% during the 1st quarter. Bessemer Group Inc. now owns 12,545 shares of the company’s stock valued at $850,000 after acquiring an additional 213 shares in the last quarter. Diversified Trust Co increased its position in Kroger by 3.7% in the first quarter. Diversified Trust Co now owns 6,429 shares of the company’s stock worth $435,000 after buying an additional 229 shares during the period. Finally, Sowell Financial Services LLC increased its position in Kroger by 8.1% in the second quarter. Sowell Financial Services LLC now owns 51,805 shares of the company’s stock worth $3,716,000 after buying an additional 3,869 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Argus set a $85.00 target price on Kroger in a research report on Thursday, September 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kroger in a research report on Saturday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Kroger in a research report on Thursday, September 11th. Barclays assumed coverage on Kroger in a research report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price on the stock. Finally, JPMorgan Chase & Co. reaffirmed 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. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.50.

Kroger Trading Down 2.3%

NYSE:KR opened at $67.09 on Friday. The Kroger Co. has a 1 year low of $55.60 and a 1 year high of $74.90. The stock has a market cap of $44.46 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.95 and a beta of 0.57. The business has a fifty day moving average of $67.72 and a 200-day moving average of $69.15. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95.

Kroger (NYSE:KR) last released its quarterly earnings results 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 company had revenue of $33.94 billion during the quarter, compared to analysts’ expectations of $34.08 billion. During the same quarter in the prior year, the business posted $0.93 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Equities analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Dividend Announcement

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