Chevy Chase Trust Holdings LLC Has $20.94 Million Position in The Kroger Co. $KR

Chevy Chase Trust Holdings LLC lowered its stake in shares of The Kroger Co. (NYSE:KR) by 4.1% in the third quarter, Holdings Channel reports. The firm owned 310,679 shares of the company’s stock after selling 13,127 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Kroger were worth $20,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WESPAC Advisors LLC lifted its stake in shares of Kroger by 1.2% in the third quarter. WESPAC Advisors LLC now owns 13,585 shares of the company’s stock worth $916,000 after buying an additional 167 shares during the last quarter. WPG Advisers LLC grew its stake in Kroger by 16.8% in the 3rd quarter. WPG Advisers LLC now owns 1,160 shares of the company’s stock valued at $78,000 after buying an additional 167 shares during the last quarter. Community Bank & Trust Waco Texas raised its holdings in Kroger by 0.9% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 18,846 shares of the company’s stock worth $1,270,000 after acquiring an additional 173 shares during the period. Perigon Wealth Management LLC raised its holdings in Kroger by 1.8% in the 3rd quarter. Perigon Wealth Management LLC now owns 9,869 shares of the company’s stock worth $665,000 after acquiring an additional 174 shares during the period. Finally, MRP Capital Investments LLC lifted its position in Kroger by 24.1% during the 2nd quarter. MRP Capital Investments LLC now owns 900 shares of the company’s stock worth $65,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on KR. Citigroup raised their price target on Kroger from $68.00 to $71.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Roth Mkm reissued a “buy” rating and set a $78.00 price objective (up from $75.00) on shares of Kroger in a research report on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Kroger in a research note on Monday, December 29th. Wall Street Zen lowered Kroger from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, JPMorgan Chase & Co. dropped their price target on Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.56.

Kroger Stock Performance

NYSE KR opened at $74.46 on Tuesday. The company’s fifty day moving average is $66.71 and its two-hundred day moving average is $66.04. The Kroger Co. has a 52-week low of $58.60 and a 52-week high of $76.58. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.80 and a quick ratio of 0.42. The firm has a market capitalization of $47.12 billion, a price-to-earnings ratio of 48.67, a P/E/G ratio of 2.01 and a beta of 0.62.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, March 5th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.08. Kroger had a net margin of 0.69% and a return on equity of 41.08%. The business had revenue of $34.73 billion during the quarter, compared to analyst estimates of $35.10 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. Equities research analysts forecast that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $0.35 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.9%. Kroger’s dividend payout ratio (DPR) is currently 91.50%.

Kroger Company Profile

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.