Quantbot Technologies LP Has $2.35 Million Stock Position in The Kroger Co. $KR

Quantbot Technologies LP cut its holdings in shares of The Kroger Co. (NYSE:KR) by 85.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,833 shares of the company’s stock after selling 201,243 shares during the period. Quantbot Technologies LP’s holdings in Kroger were worth $2,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Atlantic Union Bankshares Corp acquired a new position in Kroger in the second quarter valued at approximately $28,000. Avalon Trust Co bought a new stake in shares of Kroger during the 3rd quarter valued at $29,000. Vermillion & White Wealth Management Group LLC raised its position in shares of Kroger by 87.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock valued at $32,000 after acquiring an additional 208 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Kroger in the 2nd quarter valued at $33,000. Finally, Westside Investment Management Inc. boosted its position in shares of Kroger by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 490 shares of the company’s stock worth $33,000 after purchasing an additional 245 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Price Performance

NYSE KR opened at $68.62 on Wednesday. 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 market cap of $43.43 billion, a price-to-earnings ratio of 63.54, a PEG ratio of 1.75 and a beta of 0.62. The business has a 50 day simple moving average of $64.86 and a 200 day simple moving average of $65.84. The Kroger Co. has a 52-week low of $58.60 and a 52-week high of $74.90.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The company had revenue of $33.86 billion during the quarter, compared to analysts’ expectations of $34.27 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. Analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 13th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.0%. Kroger’s dividend payout ratio (DPR) is currently 129.63%.

Analyst Ratings Changes

KR has been the subject of a number of recent analyst reports. Evercore set a $77.00 price objective on Kroger and gave the company an “outperform” rating in a report on Friday, December 5th. Wells Fargo & Company cut Kroger from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $70.00 to $68.00 in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kroger in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday, January 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $80.00 target price on shares of Kroger in a report on Monday, February 9th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $73.93.

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.