Edmond DE Rothschild Holding S.A. bought a new stake in The Kroger Co. (NYSE:KR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,475 shares of the company’s stock, valued at approximately $693,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new stake in Kroger during the 1st quarter valued at about $27,000. Ares Financial Consulting LLC purchased a new position in shares of Kroger in the fourth quarter worth about $25,000. MV Capital Management Inc. acquired a new stake in shares of Kroger during the fourth quarter worth about $26,000. Axiom Investment Management LLC acquired a new stake in shares of Kroger during the first quarter worth about $31,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in Kroger in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Key Stories Impacting Kroger
Here are the key news stories impacting Kroger this week:
- Positive Sentiment: Bitcoin gift-card expansion: Kroger is rolling out its Fold Bitcoin Gift Card nationwide after a successful seasonal pilot. The initiative could attract new customers and generate incremental engagement, although the financial impact is likely limited initially. Kroger Expands Fold Bitcoin Gift Card Offering After Successful Pilot
- Positive Sentiment: Potentially attractive shareholder returns: Coverage highlights Kroger’s dividend and describes the shares as reasonably valued following recent weakness. Analysts’ average rating remains equivalent to a Buy, which may provide some support for the stock. Kroger Stock Looks Reasonable
- Positive Sentiment: E-commerce leadership change: The appointment of Nate Faust to lead Kroger’s e-commerce operations is viewed as a possible catalyst for improved efficiency and digital execution. Kroger Stock Looks Reasonable
- Neutral Sentiment: Kroger is investing in remodeled stores, while also participating in food-bank and community initiatives. These developments may support customer loyalty and local brand perception but are unlikely to materially affect near-term earnings. Kroger to Unveil Remodeled Store
- Negative Sentiment: Store closures and traffic concerns: Reports that Kroger plans to close 60 stores in 2026, alongside polling indicating traffic weakness, reinforce concerns about sales momentum and the company’s retail footprint. Kroger to Shutter 60 Stores Kroger Traffic Woes Reflect the Market
- Negative Sentiment: Legal and product risks: Kroger faces a proposed $17 million settlement involving Dillons pharmacy customers, while a separate disability-discrimination case was settled for $75,000. A jalapeño-related salmonella recall involving products sold at Kroger also creates reputational and potential liability risk, though the $75,000 payment is financially immaterial. Proposed Kroger Settlement Jalapeño Salmonella Recall
Kroger Trading Up 0.2%
Kroger (NYSE:KR – Get Free Report) last posted its earnings results on Thursday, June 18th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.01). Kroger had a net margin of 0.71% and a return on equity of 44.33%. The firm had revenue of $46.12 billion for the quarter, compared to analysts’ expectations of $45.59 billion. During the same period last year, the firm earned $1.49 earnings per share. Kroger’s revenue for the quarter was up 2.2% compared to the same quarter last year. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. Analysts anticipate that The Kroger Co. will post 5.21 earnings per share for the current year.
Kroger Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Kroger’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a yield of 2.8%. Kroger’s dividend payout ratio is presently 91.76%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on KR shares. JPMorgan Chase & Co. reduced their price target on shares of Kroger from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 price objective on shares of Kroger in a research note on Wednesday, June 3rd. Telsey Advisory Group set a $78.00 target price on shares of Kroger and gave the stock an “outperform” rating in a report on Monday, June 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of Kroger in a research report on Monday, June 1st. Finally, Citigroup lowered their price target on shares of Kroger from $71.00 to $61.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.00.
View Our Latest Stock Analysis on Kroger
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.
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