Tredje AP fonden Decreases Position in The Kroger Co. $KR

Tredje AP fonden cut its stake in The Kroger Co. (NYSE:KR) by 17.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,509 shares of the company’s stock after selling 138,800 shares during the quarter. Tredje AP fonden owned approximately 0.10% of Kroger worth $47,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KR. Accent Capital Management LLC purchased a new position in Kroger in the 1st quarter valued at about $25,000. SOA Wealth Advisors LLC. lifted its stake in 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 buying an additional 342 shares in the last quarter. Rossby Financial LCC purchased a new position in Kroger in the 2nd quarter valued at about $29,000. Whipplewood Advisors LLC lifted its stake in Kroger by 10,425.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 417 shares in the last quarter. Finally, Capital Analysts LLC purchased a new position in Kroger in the 1st quarter valued at about $36,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Kroger Stock Down 2.8%

Shares of NYSE KR opened at $63.57 on Friday. The company has a 50 day simple moving average of $67.27 and a 200-day simple moving average of $69.11. The company has a market capitalization of $42.13 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.92 and a beta of 0.57. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.54. The Kroger Co. has a 1 year low of $55.69 and a 1 year high of $74.90.

Kroger (NYSE:KR) last announced its quarterly 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 the consensus estimate of $34.08 billion. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, equities research 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. Stockholders of record on Friday, November 14th will be issued 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 dividend yield of 2.2%. Kroger’s dividend payout ratio (DPR) is currently 35.53%.

Analyst Ratings Changes

KR has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $75.00 price objective (down previously from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $82.00 price objective on shares of Kroger in a report on Thursday, September 11th. Evercore ISI cut their price objective on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Finally, Argus set a $85.00 price objective on shares of Kroger in a report on Thursday, September 18th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

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.