Elyxium Wealth LLC Invests $231,000 in The Kroger Co. $KR

Elyxium Wealth LLC acquired a new stake in The Kroger Co. (NYSE:KR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,216 shares of the company’s stock, valued at approximately $231,000.

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

Analyst Ratings Changes

KR has been the subject of a number of recent analyst reports. 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. Roth Mkm upgraded shares of Kroger from a “neutral” rating to a “buy” rating and lifted their target price for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Barclays began coverage on shares of Kroger in a research report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $82.00 target price on shares of Kroger in a research report on Thursday, September 11th. Finally, Argus set a $85.00 target price on Kroger in a research report on Thursday, September 18th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.50.

Kroger Stock Performance

KR opened at $63.81 on Wednesday. The firm has a market capitalization of $42.28 billion, a PE ratio of 16.19, a PEG ratio of 1.92 and a beta of 0.57. The Kroger Co. has a twelve month low of $56.25 and a twelve month high of $74.90. The firm’s 50-day moving average price is $67.03 and its 200 day moving average price is $69.01. The company has a current ratio of 0.95, a quick ratio of 0.54 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The firm 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%. Kroger’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, sell-side analysts expect that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

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 2.2%. Kroger’s payout ratio is presently 35.53%.

Kroger Company 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.