OLD National Bancorp IN Lowers Position in The Kroger Co. $KR

OLD National Bancorp IN trimmed its position in shares of The Kroger Co. (NYSE:KR) by 19.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,795 shares of the company’s stock after selling 47,336 shares during the quarter. OLD National Bancorp IN’s holdings in Kroger were worth $13,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KR. Wealthcare Advisory Partners LLC lifted its position 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 in the last quarter. PDS Planning Inc increased its position in shares of Kroger by 2.0% during the second quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock valued at $553,000 after acquiring an additional 152 shares during the last quarter. Cairn Investment Group Inc. lifted its holdings 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 period. Independent Wealth Network Inc. boosted 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 worth $1,385,000 after purchasing an additional 164 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Kroger by 4.9% in the second quarter. Parkside Financial Bank & Trust now owns 3,648 shares of the company’s stock worth $262,000 after purchasing an additional 170 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KR shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $70.00 target price (down from $78.00) on shares of Kroger in a research report on Thursday, December 4th. Roth Mkm upgraded shares of Kroger from a “neutral” rating to a “buy” rating and increased their price target for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Argus set a $85.00 price objective on shares of Kroger in a report on Thursday, September 18th. Weiss Ratings cut shares of Kroger from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, December 15th. Finally, Wall Street Zen downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kroger presently has a consensus rating of “Hold” and a consensus price target of $74.13.

Kroger Trading Down 0.2%

Shares of Kroger stock opened at $62.26 on Tuesday. The stock has a market capitalization of $39.40 billion, a P/E ratio of 57.64, a P/E/G ratio of 1.75 and a beta of 0.58. The Kroger Co. has a 52-week low of $58.12 and a 52-week high of $74.90. 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’s 50-day simple moving average is $65.50 and its 200 day simple moving average is $67.82.

Kroger (NYSE:KR) last issued its earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The firm had revenue of $33.86 billion during the quarter, compared to analyst estimates of $34.27 billion. During the same quarter last year, the business earned $0.98 earnings per share. The company’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. As a group, research analysts anticipate that The Kroger Co. will post 4.44 EPS for the current year.

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.