Axa S.A. Has $22.89 Million Stock Holdings in The Kroger Co. $KR

Axa S.A. lowered its stake in The Kroger Co. (NYSE:KR) by 38.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 319,102 shares of the company’s stock after selling 201,038 shares during the period. Axa S.A.’s holdings in Kroger were worth $22,889,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Monument Capital Management acquired a new stake in Kroger during the second quarter worth approximately $2,901,000. Y Intercept Hong Kong Ltd increased its position in shares of 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 during the period. Advocate Group LLC raised its stake in Kroger by 16.6% in the second quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock valued at $8,707,000 after purchasing an additional 17,284 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in Kroger during the second quarter worth about $480,000. Finally, Liberty One Investment Management LLC grew its stake in Kroger by 1.4% during the second quarter. Liberty One Investment Management LLC now owns 463,607 shares of the company’s stock worth $33,255,000 after buying an additional 6,528 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KR has been the subject of several analyst reports. Roth Capital upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, September 17th. Roth Mkm upgraded shares of Kroger from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. JPMorgan Chase & Co. cut their target price on Kroger from $73.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Guggenheim reiterated a “buy” rating and issued a $78.00 price target on shares of Kroger in a research note on Wednesday, November 19th. Finally, Wall Street Zen cut Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Kroger currently has an average rating of “Moderate Buy” and an average price target of $73.56.

Kroger Stock Down 2.6%

Shares of NYSE:KR opened at $61.27 on Thursday. The Kroger Co. has a 52-week low of $58.12 and a 52-week high of $74.90. The company has a market capitalization of $40.60 billion, a PE ratio of 56.73, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.45 and a current ratio of 0.88. The company has a fifty day moving average of $66.18 and a 200-day moving average of $68.08.

Kroger (NYSE:KR) last posted its earnings results on Thursday, December 4th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. Kroger had a return on equity of 38.06% and a net margin of 0.54%.The firm had revenue of $33.86 billion during the quarter, compared to the consensus estimate of $34.27 billion. During the same period last year, the company earned $0.98 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, equities analysts predict that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, November 14th. Kroger’s dividend payout ratio (DPR) is currently 129.63%.

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.