Flavin Financial Services Inc. Sells 1,366 Shares of The Kroger Co. $KR

Flavin Financial Services Inc. lessened its holdings in shares of The Kroger Co. (NYSE:KR) by 20.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,238 shares of the company’s stock after selling 1,366 shares during the period. Flavin Financial Services Inc.’s holdings in Kroger were worth $376,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Monument Capital Management acquired a new position in shares of Kroger during the 2nd quarter worth about $2,901,000. Advocate Group LLC lifted its position in shares of Kroger by 16.6% during the 2nd quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock worth $8,707,000 after purchasing an additional 17,284 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Kroger by 1.7% during the 1st quarter. Bessemer Group Inc. now owns 12,545 shares of the company’s stock worth $850,000 after purchasing an additional 213 shares during the last quarter. Diversified Trust Co raised its holdings in Kroger by 3.7% in the 1st quarter. Diversified Trust Co now owns 6,429 shares of the company’s stock valued at $435,000 after acquiring an additional 229 shares in the last quarter. Finally, Sowell Financial Services LLC raised its holdings in Kroger by 8.1% in the 2nd quarter. Sowell Financial Services LLC now owns 51,805 shares of the company’s stock valued at $3,716,000 after acquiring an additional 3,869 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on KR. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Kroger in a report on Thursday, September 11th. Morgan Stanley set a $76.00 price target on Kroger and gave the company an “equal weight” rating in a report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft upped their price target on Kroger from $57.00 to $67.00 and gave the company a “hold” rating in a report on Monday, June 23rd. Wall Street Zen raised Kroger from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.50.

Kroger Trading Up 0.4%

Shares of KR opened at $69.13 on Friday. The Kroger Co. has a 1 year low of $55.60 and a 1 year high of $74.90. 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 stock has a 50 day simple moving average of $68.04 and a 200-day simple moving average of $69.12. The stock has a market cap of $45.81 billion, a PE ratio of 17.55, a PEG ratio of 2.01 and a beta of 0.57.

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

Kroger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.0%. Kroger’s dividend payout ratio is 35.53%.

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.