Maj Invest Holding A S Sells 168,837 Shares of The Kroger Co. $KR

Maj Invest Holding A S trimmed its stake in shares of The Kroger Co. (NYSE:KRFree Report) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,632,849 shares of the company’s stock after selling 168,837 shares during the quarter. Kroger comprises approximately 3.8% of Maj Invest Holding A S’s investment portfolio, making the stock its 15th biggest position. Maj Invest Holding A S owned about 0.25% of Kroger worth $110,070,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Kroger by 27.3% during the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after acquiring an additional 3,373 shares during the period. Woodline Partners LP boosted its stake in Kroger by 40.7% in the 1st quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock valued at $3,807,000 after purchasing an additional 16,270 shares during the period. Sivia Capital Partners LLC bought a new stake in Kroger in the 2nd quarter valued at $201,000. Fort Washington Investment Advisors Inc. OH increased its position in Kroger by 0.8% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 360,351 shares of the company’s stock worth $25,848,000 after buying an additional 2,973 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in shares of Kroger by 1,122.2% during the second quarter. Sound Income Strategies LLC now owns 6,722 shares of the company’s stock worth $482,000 after buying an additional 6,172 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KR has been the topic of several research reports. Barclays set a $68.00 price target on shares of Kroger and gave the company an “equal weight” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Citigroup reaffirmed a “neutral” rating and set a $68.00 target price (down from $74.00) on shares of Kroger in a report on Wednesday, December 10th. Guggenheim reissued a “buy” rating and set a $78.00 price target on shares of Kroger in a research report on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kroger in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.80.

Check Out Our Latest Research Report on KR

Kroger Trading Down 0.8%

Shares of KR opened at $63.75 on Tuesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.45 and a current ratio of 0.88. The Kroger Co. has a 52-week low of $58.60 and a 52-week high of $74.90. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 59.03, a PEG ratio of 1.80 and a beta of 0.61. The business’s fifty day moving average is $63.46 and its 200-day moving average is $66.66.

Kroger (NYSE:KRGet Free Report) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. Kroger had a return on equity of 38.06% and a net margin of 0.54%.The business had revenue of $33.86 billion during the quarter, compared to the consensus estimate of $34.27 billion. During the same period in the prior year, the company earned $0.98 EPS. Kroger’s revenue for the quarter was up .7% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. Equities analysts anticipate that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Trending Headlines about Kroger

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Kroger Company Profile

(Free Report)

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.

See Also

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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