9,148 Shares in The Kroger Co. $KR Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC bought a new position in shares of The Kroger Co. (NYSE:KR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,148 shares of the company’s stock, valued at approximately $617,000.

Other hedge funds have also modified their holdings of the company. Wealthcare Advisory Partners LLC raised its position in shares of Kroger by 1.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 8,025 shares of the company’s stock valued at $576,000 after purchasing an additional 146 shares during the period. PDS Planning Inc increased its stake in Kroger by 2.0% in the 2nd quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock worth $553,000 after buying an additional 152 shares in the last quarter. WESPAC Advisors LLC raised its holdings in Kroger by 1.2% during the third quarter. WESPAC Advisors LLC now owns 13,585 shares of the company’s stock valued at $916,000 after acquiring an additional 167 shares during the period. WPG Advisers LLC lifted its position in shares of Kroger by 16.8% in the third quarter. WPG Advisers LLC now owns 1,160 shares of the company’s stock valued at $78,000 after acquiring an additional 167 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Kroger by 4.9% in the second quarter. Parkside Financial Bank & Trust now owns 3,648 shares of the company’s stock worth $262,000 after acquiring an additional 170 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on KR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Kroger in a research note on Monday, December 29th. Barclays set a $68.00 price objective on shares of Kroger and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Morgan Stanley set a $67.00 target price on shares of Kroger and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. 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 note on Thursday, January 8th. Finally, Wall Street Zen cut shares of Kroger from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kroger has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

Kroger Trading Up 0.3%

KR stock opened at $63.06 on Tuesday. The firm has a fifty day moving average price of $63.07 and a 200 day moving average price of $66.32. The Kroger Co. has a fifty-two week low of $58.60 and a fifty-two week high of $74.90. The firm has a market cap of $39.91 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 1.76 and a beta of 0.61. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.45 and a current ratio of 0.88.

Kroger (NYSE:KR) last released its quarterly earnings data 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 net margin of 0.54% and a return on equity of 38.06%. The business had revenue of $33.86 billion during the quarter, compared to analyst estimates of $34.27 billion. During the same quarter last year, the business earned $0.98 earnings per share. Kroger’s quarterly revenue 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 anticipate that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th. Kroger’s payout ratio is presently 129.63%.

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.