Strs Ohio Has $22.83 Million Stock Position in The Kroger Co. $KR

Strs Ohio cut its stake in The Kroger Co. (NYSE:KRFree Report) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,489 shares of the company’s stock after selling 51,237 shares during the period. Strs Ohio owned 0.05% of Kroger worth $22,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new position in shares of Kroger in the 4th quarter worth approximately $25,000. Princeton Global Asset Management LLC increased its position in shares of Kroger by 268.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 416 shares of the company’s stock worth $26,000 after buying an additional 303 shares during the period. MV Capital Management Inc. acquired a new stake in shares of Kroger during the fourth quarter worth $26,000. Lloyd Advisory Services LLC. bought a new position in Kroger during the fourth quarter worth $28,000. Finally, JPL Wealth Management LLC bought a new position in Kroger during the third quarter worth $31,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $82.00 price target on shares of Kroger in a research report on Friday, June 19th. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price objective on shares of Kroger in a research note on Wednesday, June 3rd. Guggenheim restated a “buy” rating and set a $71.00 target price on shares of Kroger in a research report on Thursday. Wells Fargo & Company set a $58.00 target price on Kroger in a research report on Monday, June 22nd. Finally, Barclays set a $61.00 target price on Kroger and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kroger presently has a consensus rating of “Moderate Buy” and an average price target of $71.94.

Read Our Latest Research Report on Kroger

Kroger Stock Performance

Shares of KR stock opened at $58.12 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.39 and a debt-to-equity ratio of 2.43. The firm has a fifty day simple moving average of $63.32 and a two-hundred day simple moving average of $65.85. The Kroger Co. has a 12 month low of $54.15 and a 12 month high of $76.58. The firm has a market capitalization of $35.61 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 1.56 and a beta of 0.44.

Kroger (NYSE:KRGet Free Report) last issued its quarterly earnings data on Thursday, June 18th. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.01). The business had revenue of $46.12 billion for the quarter, compared to analyst estimates of $45.59 billion. Kroger had a net margin of 0.71% and a return on equity of 44.33%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. Analysts forecast that The Kroger Co. will post 5.21 EPS for the current fiscal year.

Kroger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 2.7%. This is an increase from Kroger’s previous quarterly dividend of $0.35. Kroger’s dividend payout ratio is presently 82.35%.

Key Stories Impacting Kroger

Here are the key news stories impacting Kroger this week:

Kroger 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.

Read More

Institutional Ownership by Quarter for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.