Phillips Financial Management LLC Sells 162 Shares of The Kroger Co. $KR

Phillips Financial Management LLC cut its position in shares of The Kroger Co. (NYSE:KR) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,260 shares of the company’s stock after selling 162 shares during the period. Phillips Financial Management LLC’s holdings in Kroger were worth $521,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Kroger by 1.3% in 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 raised its holdings in shares of Kroger by 85.3% in the first quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company’s stock worth $433,065,000 after buying an additional 2,945,848 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Kroger by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,067,209 shares of the company’s stock worth $342,999,000 after buying an additional 31,477 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of Kroger by 101.7% in the first quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock worth $276,485,000 after buying an additional 2,059,574 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Kroger in the first quarter worth approximately $178,385,000. 80.93% of the stock is owned by institutional investors.

Kroger Price Performance

KR opened at $67.63 on Wednesday. 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 company has a market capitalization of $44.82 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 2.01 and a beta of 0.57. The Kroger Co. has a 12-month low of $55.60 and a 12-month high of $74.90. The business’s fifty day simple moving average is $67.81 and its 200-day simple moving average is $69.11.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The firm 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%.The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, equities research analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KR shares. Barclays started coverage on Kroger in a report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 price target on the stock. Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and increased their price target for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. Telsey Advisory Group reiterated an “outperform” rating and issued a $82.00 price target on shares of Kroger in a report on Thursday, September 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. Finally, Roth Capital upgraded 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. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.50.

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.