Arjuna Capital Has $5.82 Million Stock Holdings in The Kroger Co. $KR

Arjuna Capital lowered its position in shares of The Kroger Co. (NYSE:KR) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,168 shares of the company’s stock after selling 3,455 shares during the quarter. Kroger accounts for 1.5% of Arjuna Capital’s holdings, making the stock its 14th biggest position. Arjuna Capital’s holdings in Kroger were worth $5,822,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Monument Capital Management bought a new stake in Kroger during the second quarter worth about $2,901,000. Y Intercept Hong Kong Ltd increased its position in shares of Kroger by 2,313.4% during the 2nd 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 during the last quarter. Advocate Group LLC raised its stake in shares of Kroger by 16.6% during the 2nd 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. AdvisorShares Investments LLC acquired a new stake in shares of Kroger in the 2nd quarter valued at approximately $480,000. Finally, Liberty One Investment Management LLC grew its stake in shares of Kroger by 1.4% in the second quarter. Liberty One Investment Management LLC now owns 463,607 shares of the company’s stock valued at $33,255,000 after buying an additional 6,528 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on KR. JPMorgan Chase & Co. dropped their price target on shares of Kroger from $75.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kroger in a report on Tuesday, November 25th. Evercore ISI reduced their price target on Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Kroger in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kroger currently has an average rating of “Moderate Buy” and an average price target of $74.39.

Kroger Trading Up 0.4%

Shares of KR stock opened at $67.55 on Tuesday. The Kroger Co. has a 12-month low of $57.69 and a 12-month high of $74.90. The company has a market capitalization of $44.76 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55. The firm has a 50 day moving average price of $66.49 and a two-hundred day moving average price of $68.32. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85.

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

Kroger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a dividend of $0.35 per share. The ex-dividend date was Friday, November 14th. This represents a $1.40 annualized dividend and a yield of 2.1%. Kroger’s dividend payout ratio (DPR) 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.