Tcfg Wealth Management LLC Lowers Stock Holdings in The Kroger Co. $KR

Tcfg Wealth Management LLC lessened its holdings in The Kroger Co. (NYSE:KR) by 20.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,357 shares of the company’s stock after selling 870 shares during the period. Tcfg Wealth Management LLC’s holdings in Kroger were worth $241,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Accent Capital Management LLC bought a new stake in Kroger in the 1st quarter valued at $25,000. SOA Wealth Advisors LLC. grew its position in shares of Kroger by 6,840.0% during the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after purchasing an additional 342 shares in the last quarter. Garde Capital Inc. bought a new stake in shares of Kroger in the first quarter worth about $31,000. Capital Analysts LLC bought a new position in Kroger during the first quarter valued at approximately $36,000. Finally, Sound Income Strategies LLC grew its holdings in Kroger by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock valued at $37,000 after buying an additional 175 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kroger

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

Kroger Stock Performance

KR stock opened at $66.87 on Wednesday. The Kroger Co. has a twelve month low of $54.88 and a twelve month high of $74.90. The firm has a market cap of $44.32 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.88 and a beta of 0.57. The business’s fifty day simple moving average is $68.61 and its two-hundred day simple moving average is $69.01. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The firm had revenue of $33.94 billion for the quarter, compared to analysts’ expectations of $34.08 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors 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 dividend yield of 2.1%. Kroger’s payout ratio is presently 35.53%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KR shares. Barclays assumed coverage on shares of Kroger in a report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price for the company. Telsey Advisory Group restated an “outperform” rating and set a $82.00 target price on shares of Kroger in a research report on Thursday, September 11th. Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. UBS Group reaffirmed a “neutral” rating and issued a $74.00 price objective (up from $66.00) on shares of Kroger in a research note on Monday, June 23rd. Finally, Roth Capital raised Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, September 17th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.63.

About Kroger

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.