Federated Hermes Inc. Has $29.75 Million Stake in The Kroger Co. $KR

Federated Hermes Inc. reduced its position in shares of The Kroger Co. (NYSE:KR) by 11.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 441,291 shares of the company’s stock after selling 55,802 shares during the quarter. Federated Hermes Inc.’s holdings in Kroger were worth $29,747,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KR. Valeo Financial Advisors LLC raised its position in Kroger by 13.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 10,594 shares of the company’s stock valued at $714,000 after buying an additional 1,283 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of Kroger during the 3rd quarter worth approximately $1,416,000. EPG Wealth Management LLC raised its holdings in shares of Kroger by 11.2% in the third quarter. EPG Wealth Management LLC now owns 10,107 shares of the company’s stock valued at $681,000 after purchasing an additional 1,018 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its position in shares of Kroger by 25.0% in the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,500 shares of the company’s stock worth $303,000 after purchasing an additional 900 shares in the last quarter. Finally, Clark Financial Services Group Inc. BD bought a new stake in shares of Kroger in the third quarter worth $249,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Kroger from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Thursday, January 8th. Guggenheim restated a “buy” rating and set a $78.00 price objective on shares of Kroger in a research note on Wednesday, November 19th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $70.00 target price (down previously from $78.00) on shares of Kroger in a research report on Thursday, December 4th. Citigroup reiterated a “neutral” rating and set a $68.00 target price (down previously from $74.00) on shares of Kroger in a report on Wednesday, December 10th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $80.00 price target (down from $82.00) on shares of Kroger in a research note on Monday, December 1st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.80.

Kroger Trading Up 1.7%

Shares of NYSE:KR opened at $62.82 on Friday. The Kroger Co. has a 52-week low of $58.60 and a 52-week high of $74.90. 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 market capitalization of $39.75 billion, a P/E ratio of 58.16, a price-to-earnings-growth ratio of 1.73 and a beta of 0.61. The company has a 50-day simple moving average of $63.09 and a 200 day simple moving average of $66.46.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.05 earnings per share (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 for the quarter, compared to analyst estimates of $34.27 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. Sell-side analysts forecast that The Kroger Co. will post 4.44 earnings per share for the current year.

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.