Commerzbank Aktiengesellschaft FI Takes Position in The Kroger Co. $KR

Commerzbank Aktiengesellschaft FI bought a new stake in The Kroger Co. (NYSE:KR) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 36,534 shares of the company’s stock, valued at approximately $2,029,000.

Several other hedge funds have also bought and sold shares of the company. Phillips Wealth Planners LLC acquired a new stake in Kroger in the 2nd quarter valued at about $259,000. Trust Co. of Vermont acquired a new position in Kroger during the second quarter worth approximately $68,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Kroger in the second quarter valued at approximately $76,633,000. Beverly Hills Private Wealth LLC bought a new stake in Kroger in the second quarter valued at approximately $5,500,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Kroger in the second quarter valued at approximately $641,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KR. Royal Bank Of Canada reissued an “outperform” rating on shares of Kroger in a report on Monday, June 1st. Wells Fargo & Company set a $58.00 price target on Kroger in a report on Monday, June 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 price objective on shares of Kroger in a report on Wednesday, June 3rd. Morgan Stanley dropped their price objective on shares of Kroger from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, June 22nd. Finally, Citigroup cut their target price on shares of Kroger from $71.00 to $61.00 and set a “neutral” rating for the company in a research note on Tuesday, June 23rd. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.00.

Trending Headlines about Kroger

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Kroger is preparing to open a new grocery store in Lenoir City, Tennessee. The expansion could support local sales and underscores the company’s continued investment in its store network. New Kroger grocery store coming to Lenoir City

Kroger Price Performance

Shares of NYSE KR opened at $56.15 on Tuesday. The firm has a market cap of $34.40 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 1.52 and a beta of 0.43. 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 Kroger Co. has a 1-year low of $54.15 and a 1-year high of $76.58. The business’s 50 day moving average is $58.47 and its 200-day moving average is $64.88.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, June 18th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.01). Kroger had a return on equity of 44.33% and a net margin of 0.71%.The firm had revenue of $46.12 billion for the quarter, compared to analyst estimates of $45.59 billion. During the same period in the previous year, the business posted $1.49 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. Equities research analysts predict that The Kroger Co. will post 5.21 earnings per share for the current year.

Kroger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be issued a dividend of $0.39 per share. This is an increase from Kroger’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 14th. Kroger’s payout ratio is 91.76%.

Kroger 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.