The Kroger Co. $KR Shares Sold by Souders Financial Advisors

Souders Financial Advisors decreased its stake in shares of The Kroger Co. (NYSE:KR) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,671 shares of the company’s stock after selling 1,243 shares during the period. Souders Financial Advisors’ holdings in Kroger were worth $837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KR. Brighton Jones LLC raised its stake in shares of Kroger by 27.3% in the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after acquiring an additional 3,373 shares during the period. Mutual Advisors LLC raised its stake in shares of Kroger by 64.2% in the 1st quarter. Mutual Advisors LLC now owns 5,618 shares of the company’s stock valued at $393,000 after acquiring an additional 2,197 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of Kroger by 13.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 11,720 shares of the company’s stock valued at $793,000 after acquiring an additional 1,433 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Kroger by 110.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 751,845 shares of the company’s stock valued at $50,892,000 after acquiring an additional 395,098 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in shares of Kroger by 18.6% in the 1st quarter. TD Private Client Wealth LLC now owns 3,655 shares of the company’s stock valued at $247,000 after acquiring an additional 574 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Price Performance

Shares of KR stock opened at $63.17 on Thursday. The firm has a market cap of $41.86 billion, a P/E ratio of 16.03, 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 $57.08 and a 1-year high of $74.90. The firm has a fifty day moving average of $66.93 and a two-hundred day moving average of $68.97.

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

Kroger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 35.53%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KR. Guggenheim reissued a “buy” rating and issued a $78.00 target price on shares of Kroger in a research note on Friday, September 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $75.00 price target (down from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Wall Street Zen lowered shares of Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $82.00 price target on shares of Kroger in a report on Thursday, September 11th. Finally, Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, September 17th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.