Moran Wealth Management LLC Sells 4,383 Shares of The Kroger Co. $KR

Moran Wealth Management LLC trimmed its holdings in shares of The Kroger Co. (NYSE:KR) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 201,906 shares of the company’s stock after selling 4,383 shares during the period. Moran Wealth Management LLC’s holdings in Kroger were worth $14,483,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Kroger by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,299,898 shares of the company’s stock valued at $967,863,000 after purchasing an additional 186,302 shares during the last quarter. Wellington Management Group LLP increased its position in Kroger by 85.3% in the 1st quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company’s stock valued at $433,065,000 after acquiring an additional 2,945,848 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Kroger by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,067,209 shares of the company’s stock valued at $342,999,000 after acquiring an additional 31,477 shares in the last quarter. Alyeska Investment Group L.P. increased its position in Kroger by 101.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock valued at $276,485,000 after acquiring an additional 2,059,574 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Kroger in the 1st quarter valued at about $178,385,000. 80.93% of the stock is owned by institutional investors.

Kroger Stock Performance

Shares of KR stock opened at $67.11 on Tuesday. The company’s fifty day simple moving average is $68.38 and its 200-day simple moving average is $69.09. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85. The firm has a market cap of $44.47 billion, a PE ratio of 17.03, a P/E/G ratio of 1.97 and a beta of 0.57. The Kroger Co. has a 12 month low of $54.88 and a 12 month high of $74.90.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Equities research analysts expect that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

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

Insider Transactions at Kroger

In other Kroger news, Director Clyde R. Moore sold 3,810 shares of the company’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $71.61, for a total transaction of $272,834.10. Following the sale, the director directly owned 85,850 shares of the company’s stock, valued at approximately $6,147,718.50. This represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KR shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $75.00 price target (down previously from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Morgan Stanley set a $76.00 price objective on shares of Kroger and gave the company an “equal weight” rating in a report on Monday, June 23rd. Argus set a $85.00 price objective on shares of Kroger in a report on Thursday, September 18th. Roth Capital upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, September 17th. Finally, Barclays began coverage on shares of Kroger in a report on Monday, July 21st. They set an “equal weight” rating and a $75.00 price objective for the company. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kroger presently has an average rating of “Moderate Buy” and a consensus 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.