Peoples Bank OH Lowers Stock Holdings in The Kroger Co. $KR

Peoples Bank OH reduced its position in The Kroger Co. (NYSE:KR) by 2.9% in the 2nd quarter, Holdings Channel reports. The fund owned 6,033 shares of the company’s stock after selling 180 shares during the period. Peoples Bank OH’s holdings in Kroger were worth $433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KR. Accent Capital Management LLC purchased a new stake in Kroger in the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. boosted its holdings in shares of Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after purchasing an additional 342 shares during the last quarter. Garde Capital Inc. acquired a new position in shares of Kroger in the 1st quarter valued at $31,000. Capital Analysts LLC acquired a new position in shares of Kroger in the 1st quarter valued at $36,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Kroger by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kroger news, Director Clyde R. Moore sold 26,814 shares of the business’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $70.50, for a total value of $1,890,387.00. Following the transaction, the director owned 99,143 shares in the company, valued at $6,989,581.50. The trade was a 21.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is owned by corporate insiders.

Kroger Stock Performance

NYSE:KR opened at $66.30 on Friday. 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 firm has a market capitalization of $43.93 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.93 and a beta of 0.57. The firm’s fifty day simple moving average is $68.75 and its 200 day simple moving average is $68.98. The Kroger Co. has a twelve month low of $54.88 and a twelve month high of $74.90.

Kroger (NYSE:KR) last posted its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 fiscal year.

Kroger Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KR shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kroger from $57.00 to $67.00 and gave the company a “hold” rating in a report on Monday, June 23rd. Roth Capital upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, September 17th. Barclays started coverage on shares of Kroger in a report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 price target on the stock. UBS Group reiterated a “neutral” rating and issued a $74.00 price target (up previously from $66.00) on shares of Kroger in a report on Monday, June 23rd. Finally, Evercore ISI lifted their target price on shares of Kroger from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Kroger presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.63.

Kroger 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.