Achmea Investment Management B.V. Has $33.42 Million Holdings in The Kroger Co. $KR

Achmea Investment Management B.V. grew its stake in The Kroger Co. (NYSE:KR) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 465,894 shares of the company’s stock after buying an additional 13,621 shares during the period. Achmea Investment Management B.V. owned approximately 0.07% of Kroger worth $33,418,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Kroger by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,299,898 shares of the company’s stock worth $967,863,000 after purchasing an additional 186,302 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Kroger by 85.3% during the 1st quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company’s stock worth $433,065,000 after purchasing an additional 2,945,848 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kroger by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,067,209 shares of the company’s stock worth $342,999,000 after purchasing an additional 31,477 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Kroger by 101.7% during the 1st quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock worth $276,485,000 after purchasing an additional 2,059,574 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Kroger during the 1st quarter worth about $178,385,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KR shares. Argus set a $85.00 price objective on Kroger in a research report on Thursday, September 18th. Roth Capital upgraded Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, September 17th. Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and boosted their price target for the company from $66.00 to $75.00 in a research note on Wednesday, September 17th. Wall Street Zen lowered Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Guggenheim restated a “buy” rating and set a $78.00 price target on shares of Kroger in a research note on Friday, September 12th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Kroger has an average rating of “Moderate Buy” and an average price target of $74.50.

Kroger Stock Down 0.9%

Shares of KR opened at $63.17 on Thursday. The company has a market capitalization of $41.86 billion, a P/E ratio of 16.03, a PEG 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 one year low of $57.08 and a one year high of $74.90. The business’s 50 day simple moving average is $66.93 and its 200-day simple moving average is $68.97.

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

Kroger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s payout ratio is presently 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.