BI Asset Management Fondsmaeglerselskab A S Cuts Position in The Kroger Co. $KR

BI Asset Management Fondsmaeglerselskab A S trimmed its position in The Kroger Co. (NYSE:KR) by 51.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 29,804 shares of the company’s stock after selling 31,281 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Kroger were worth $1,862,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KR. Wellington Management Group LLP raised its holdings in shares of Kroger by 61.1% in the 3rd quarter. Wellington Management Group LLP now owns 33,367,551 shares of the company’s stock worth $2,249,307,000 after purchasing an additional 12,652,261 shares during the period. Norges Bank purchased a new position in shares of Kroger in the 4th quarter worth about $470,561,000. Worldquant Millennium Advisors LLC raised its holdings in shares of Kroger by 299.6% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,420,495 shares of the company’s stock worth $173,622,000 after purchasing an additional 1,814,721 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Kroger by 95.6% in the 2nd quarter. Raymond James Financial Inc. now owns 2,434,663 shares of the company’s stock worth $174,638,000 after purchasing an additional 1,190,127 shares during the period. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Kroger by 51.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,991,513 shares of the company’s stock worth $201,658,000 after purchasing an additional 1,010,457 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Kroger in a report on Monday, June 1st. Guggenheim restated a “buy” rating and issued a $78.00 price objective on shares of Kroger in a report on Tuesday, February 10th. Wolfe Research restated an “outperform” rating and issued a $75.00 price objective on shares of Kroger in a report on Thursday, March 5th. Telsey Advisory Group raised their price objective on Kroger from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Finally, Morgan Stanley set a $73.00 price objective on Kroger and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.73.

Kroger Stock Performance

Shares of NYSE:KR opened at $62.93 on Wednesday. The company has a market cap of $38.55 billion, a P/E ratio of 41.13, a PEG ratio of 1.67 and a beta of 0.42. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.42 and a current ratio of 0.80. The Kroger Co. has a one year low of $58.60 and a one year high of $76.58. The business’s 50-day simple moving average is $67.14 and its 200 day simple moving average is $66.57.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, May 15th. Kroger’s dividend payout ratio (DPR) is presently 91.50%.

Kroger News Summary

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Kroger is leaning into traffic-driving promotions, including BOGO meat deals, discounted ice cream, a Toy Story-themed value item, and a summer fuel-savings campaign that could support store visits and customer loyalty. Kroger Just Dropped BOGO Meats, $2.99 Ice Cream, and a $10 Toy Story Find! Kroger Helps Customers Save On Their Next Fill-Up This Summer
• Positive Sentiment: The company is also promoting a new limited-edition ice cream collection and giving away free pints, which may help generate buzz and modestly lift customer engagement. Kroger has a new limited-edition ice cream collection. And you can try it for free. Want free ice cream? Kroger giving away 100K pints this month
• Neutral Sentiment: Analysts continue to point to Kroger’s history of earnings beats, suggesting the stock could still have support if upcoming results are solid. Will Kroger (KR) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Separate coverage noted that Kroger has lagged the broader market over the past year, but analysts remain somewhat constructive on its growth outlook. Is Kroger Stock Underperforming the S&P 500?
• Negative Sentiment: Kroger agreed to pay $1.25 million to settle a false advertising / inaccurate calorie-count lawsuit in California, adding legal and reputational overhang. Kroger to pay $1.25M to settle false calorie advertising lawsuit Kroger to Pay $1.25 Million to Resolve False Advertising Lawsuit
• Negative Sentiment: Expanded digital shelf labels are drawing attention as shoppers worry they could be used for surge pricing or more aggressive price changes while grocery inflation remains elevated. Kroger installs digital price tags in 1 of 4 stores as surge pricing fears grow Kroger expands digital price tags as pricing concerns grow

About Kroger

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.