Norden Group LLC Sells 63,869 Shares of The Kroger Co. $KR

Norden Group LLC cut its position in The Kroger Co. (NYSE:KR) by 91.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,683 shares of the company’s stock after selling 63,869 shares during the period. Norden Group LLC’s holdings in Kroger were worth $383,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. raised its holdings in Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after acquiring an additional 342 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Kroger in the 2nd quarter worth $28,000. Rossby Financial LCC purchased a new position in shares of Kroger in the second quarter worth $29,000. Whipplewood Advisors LLC lifted its holdings in shares of Kroger by 10,425.0% during the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 417 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its position in shares of Kroger by 87.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock valued at $32,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Kroger Stock Performance

Shares of NYSE KR opened at $63.24 on Friday. The Kroger Co. has a 12-month low of $58.12 and a 12-month high of $74.90. The firm has a market capitalization of $40.02 billion, a price-to-earnings ratio of 58.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58. The company has a current ratio of 0.88, a quick ratio of 0.45 and a debt-to-equity ratio of 2.28. The firm has a 50 day moving average of $65.01 and a 200 day moving average of $67.72.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KR. Weiss Ratings reissued a “hold (c)” rating on shares of Kroger in a research report on Monday, December 22nd. Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, September 17th. Wall Street Zen cut shares of Kroger from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group reaffirmed a “neutral” rating and issued a $70.00 target price (down previously from $74.00) on shares of Kroger in a research report on Friday, December 5th. Finally, JPMorgan Chase & Co. lowered their price target on Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.13.

Kroger Company Profile

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.