Allianz Asset Management GmbH Sells 601,134 Shares of The Kroger Co. $KR

Allianz Asset Management GmbH cut its holdings in The Kroger Co. (NYSE:KR) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,653,950 shares of the company’s stock after selling 601,134 shares during the quarter. Allianz Asset Management GmbH’s holdings in Kroger were worth $290,779,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KR. Brighton Jones LLC boosted its holdings in Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after acquiring an additional 3,373 shares during the period. Woodline Partners LP boosted its position in Kroger by 40.7% during the 1st quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock valued at $3,807,000 after acquiring an additional 16,270 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Kroger during the second quarter valued at about $201,000. NewEdge Advisors LLC grew its position in shares of Kroger by 11.5% in the 2nd quarter. NewEdge Advisors LLC now owns 97,288 shares of the company’s stock worth $6,978,000 after buying an additional 10,051 shares during the last quarter. Finally, Nebula Research & Development LLC purchased a new position in Kroger in the second quarter worth $1,840,000. 80.93% of the stock is currently owned by institutional investors.

More Kroger News

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KR shares. Roth Mkm reiterated a “buy” rating and set a $78.00 price objective (up from $75.00) on shares of Kroger in a research note on Friday, March 6th. Wall Street Zen raised shares of Kroger from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kroger in a report on Monday, June 1st. Morgan Stanley set a $73.00 price objective on shares of Kroger and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Finally, Citigroup increased their target price on shares of Kroger from $68.00 to $71.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.73.

Kroger Stock Down 0.0%

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

Kroger Dividend Announcement

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 $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, May 15th. Kroger’s dividend payout ratio (DPR) is 91.50%.

Kroger 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.