Secure Asset Management LLC Boosts Position in The Kroger Co. $KR

Secure Asset Management LLC increased its position in shares of The Kroger Co. (NYSE:KR) by 671.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,973 shares of the company’s stock after acquiring an additional 26,086 shares during the quarter. Secure Asset Management LLC’s holdings in Kroger were worth $1,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC increased its holdings 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 worth $576,000 after buying an additional 146 shares during the last quarter. PDS Planning Inc grew its position in Kroger by 2.0% in the second quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock worth $553,000 after acquiring an additional 152 shares during the period. Cairn Investment Group Inc. increased its stake in Kroger by 0.3% during the second quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock worth $4,225,000 after acquiring an additional 163 shares during the last quarter. Independent Wealth Network Inc. raised its position in Kroger by 0.9% in the second quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock valued at $1,385,000 after purchasing an additional 164 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Kroger by 4.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,648 shares of the company’s stock valued at $262,000 after purchasing an additional 170 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Stock Performance

Shares of KR stock opened at $62.46 on Friday. The firm has a 50 day moving average of $65.60 and a two-hundred day moving average of $67.83. The stock has a market capitalization of $39.53 billion, a PE ratio of 57.84, a P/E/G ratio of 1.76 and a beta of 0.58. The company has a quick ratio of 0.45, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. The Kroger Co. has a 52 week low of $58.12 and a 52 week high of $74.90.

Kroger (NYSE:KR) last announced its quarterly earnings data 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 business had revenue of $33.86 billion for the quarter, compared to analysts’ expectations of $34.27 billion. During the same period last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, research analysts predict that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Argus set a $85.00 price objective on Kroger in a research report on Thursday, September 18th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $70.00 target price (down previously from $78.00) on shares of Kroger in a research note on Thursday, December 4th. Morgan Stanley set a $72.00 price target on shares of Kroger and gave the company an “equal weight” rating in a research note on Monday, December 8th. Citigroup reaffirmed a “neutral” rating and set a $68.00 price objective (down previously from $74.00) on shares of Kroger in a research report on Wednesday, December 10th. Finally, Evercore ISI set a $77.00 target price on shares of Kroger and gave the company an “outperform” rating in a report on Friday, December 5th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Kroger currently has a consensus rating of “Hold” and an average price target of $74.13.

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.