The Kroger Co. $KR Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of The Kroger Co. (NYSE:KR) by 38.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,637 shares of the company’s stock after selling 13,473 shares during the quarter. Atria Investments Inc’s holdings in Kroger were worth $1,552,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Monument Capital Management acquired a new position in Kroger in the second quarter worth about $2,901,000. Y Intercept Hong Kong Ltd grew its stake in Kroger by 2,313.4% in the second quarter. Y Intercept Hong Kong Ltd now owns 138,915 shares of the company’s stock worth $9,964,000 after purchasing an additional 133,159 shares in the last quarter. Advocate Group LLC grew its stake in Kroger by 16.6% in the second quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock worth $8,707,000 after purchasing an additional 17,284 shares in the last quarter. Liberty One Investment Management LLC grew its stake in Kroger by 1.4% in the second quarter. Liberty One Investment Management LLC now owns 463,607 shares of the company’s stock worth $33,255,000 after purchasing an additional 6,528 shares in the last quarter. Finally, Sowell Financial Services LLC grew its stake 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 purchasing an additional 3,869 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a research note on Wednesday, October 8th. Barclays initiated coverage on Kroger in a research note on Monday, July 21st. They issued an “equal weight” rating and a $75.00 price target for the company. Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. Argus set a $85.00 target price on Kroger in a research note on Thursday, September 18th. Finally, Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and lifted their target price for the company from $66.00 to $75.00 in a research note on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.50.

Kroger Stock Performance

KR opened at $63.17 on Thursday. The business’s 50 day moving average is $66.93 and its 200-day moving average is $68.97. The stock has a market cap of $41.86 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.92 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 twelve month low of $57.08 and a twelve month high of $74.90.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $33.94 billion for the quarter, compared to analysts’ expectations of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

The company 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 dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 annualized dividend and a yield of 2.2%. Kroger’s payout ratio is presently 35.53%.

About Kroger

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.