The Kroger Co. $KR Shares Sold by Eagle Strategies LLC

Eagle Strategies LLC reduced its position in The Kroger Co. (NYSE:KR) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,011 shares of the company’s stock after selling 1,059 shares during the period. Eagle Strategies LLC’s holdings in Kroger were worth $575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Kroger by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,299,898 shares of the company’s stock valued at $967,863,000 after purchasing an additional 186,302 shares in the last quarter. Wellington Management Group LLP lifted its position in Kroger by 85.3% during the 1st quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company’s stock worth $433,065,000 after acquiring an additional 2,945,848 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kroger by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,067,209 shares of the company’s stock worth $342,999,000 after acquiring an additional 31,477 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Kroger by 101.7% during the 1st quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock worth $276,485,000 after acquiring an additional 2,059,574 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Kroger during the 1st quarter worth approximately $178,385,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays assumed coverage on Kroger in a research report on Monday, July 21st. They set an “equal weight” rating and a $75.00 price target on the stock. UBS Group reissued a “neutral” rating and set a $74.00 price target (up from $66.00) on shares of Kroger in a research report on Monday, June 23rd. Guggenheim reissued a “buy” rating and set a $78.00 price target on shares of Kroger in a research report on Friday, September 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Kroger in a research report on Wednesday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $82.00 price objective on shares of Kroger in a report on Thursday, September 11th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.63.

Kroger Price Performance

Shares of NYSE KR opened at $67.54 on Friday. The Kroger Co. has a twelve month low of $54.88 and a twelve month high of $74.90. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $44.76 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.98 and a beta of 0.57. The business has a 50 day simple moving average of $68.54 and a 200-day simple moving average of $69.02.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $33.94 billion during the quarter, compared to the consensus estimate of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The firm’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, equities research analysts expect that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio is presently 35.53%.

Insider Buying and Selling

In related news, Director Clyde R. Moore sold 3,810 shares of the company’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $71.61, for a total transaction of $272,834.10. Following the completion of the transaction, the director directly owned 85,850 shares in the company, valued at $6,147,718.50. This represents a 4.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is currently owned by insiders.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.