The Kroger Co. $KR Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in The Kroger Co. (NYSE:KR) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,309,093 shares of the company’s stock after purchasing an additional 41,904 shares during the quarter. Bank of New York Mellon Corp’s holdings in Kroger were worth $290,476,000 at the end of the most recent reporting period.

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

Kroger Price Performance

NYSE:KR opened at $61.74 on Friday. The Kroger Co. has a one year low of $58.60 and a one year high of $74.90. The stock has a market cap of $39.07 billion, a PE ratio of 57.17, a P/E/G ratio of 1.73 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. The stock has a 50 day moving average price of $63.16 and a 200 day moving average price of $66.53.

Kroger (NYSE:KR) last issued its earnings results 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 company had revenue of $33.86 billion during the quarter, compared to analysts’ expectations of $34.27 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm’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. Equities research analysts expect that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on KR. Telsey Advisory Group reissued an “outperform” rating and set a $80.00 target price (down previously from $82.00) on shares of Kroger in a research note on Monday, December 1st. Barclays set a $68.00 price objective on Kroger and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Wall Street Zen downgraded Kroger from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Deutsche Bank Aktiengesellschaft upgraded Kroger from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.80.

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.