The Kroger Co. $KR Shares Sold by Glenview Trust co

Glenview Trust co lessened its holdings in The Kroger Co. (NYSE:KR) by 3.3% in the first quarter, HoldingsChannel.com reports. The firm owned 5,087 shares of the company’s stock after selling 176 shares during the period. Glenview Trust co’s holdings in Kroger were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC acquired a new position in shares of Kroger during the first quarter valued at $25,000. Garde Capital Inc. acquired a new position in shares of Kroger during the first quarter valued at $31,000. Capital Analysts LLC acquired a new position in shares of Kroger during the first quarter valued at $36,000. Sound Income Strategies LLC boosted its holdings in shares of Kroger by 46.7% during the first quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock valued at $37,000 after acquiring an additional 175 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of Kroger during the first quarter valued at $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Stock Performance

KR stock opened at $67.28 on Friday. The company has a market capitalization of $44.46 billion, a P/E ratio of 18.33, a PEG ratio of 2.14 and a beta of 0.59. The company has a 50-day simple moving average of $70.41 and a 200 day simple moving average of $68.84. The Kroger Co. has a fifty-two week low of $51.52 and a fifty-two week high of $74.90. The company has a quick ratio of 0.53, a current ratio of 0.95 and a debt-to-equity ratio of 1.92.

Kroger (NYSE:KR) last issued its quarterly earnings results 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 net margin of 1.89% and a return on equity of 34.71%. The firm had revenue of $33.94 billion for the quarter, compared to analysts’ expectations of $34.08 billion. During the same period in the previous year, the business earned $0.93 earnings per share. Kroger’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. Sell-side analysts predict that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Friday, August 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.1%. This is a boost from Kroger’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, August 15th. Kroger’s dividend payout ratio (DPR) is presently 38.15%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KR shares. Melius Research raised shares of Kroger from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 20th. UBS Group reissued a “neutral” rating and set a $74.00 price target (up previously from $66.00) on shares of Kroger in a report on Monday, June 23rd. Morgan Stanley set a $76.00 price objective on shares of Kroger and gave the stock an “equal weight” rating in a report on Monday, June 23rd. Roth Capital upped their price objective on shares of Kroger from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Finally, Evercore ISI upped their price objective on shares of Kroger from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.58.

Insider Transactions at Kroger

In other Kroger news, EVP Timothy A. Massa sold 8,415 shares of the business’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $74.00, for a total value of $622,710.00. Following the sale, the executive vice president directly owned 118,761 shares in the company, valued at approximately $8,788,314. The trade was a 6.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mary Ellen Adcock sold 34,250 shares of the business’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $71.16, for a total transaction of $2,437,230.00. Following the completion of the sale, the executive vice president owned 184,473 shares in the company, valued at approximately $13,127,098.68. This trade represents a 15.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 198,948 shares of company stock valued at $14,422,926 in the last quarter. 0.44% of the stock is owned by company insiders.

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.