143,752 Shares in The Kroger Co. $KR Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in The Kroger Co. (NYSE:KR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 143,752 shares of the company’s stock, valued at approximately $8,427,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Kroger during the 2nd quarter worth approximately $3,016,956,000. Dimensional Fund Advisors LP lifted its position in shares of Kroger by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,296,026 shares of the company’s stock valued at $889,878,000 after acquiring an additional 53,625 shares during the period. Bank of America Corp DE lifted its position in shares of Kroger by 17.0% during the 1st quarter. Bank of America Corp DE now owns 6,041,028 shares of the company’s stock valued at $437,129,000 after acquiring an additional 876,168 shares during the period. Legal & General Group Plc bought a new position in Kroger during the second quarter worth $284,501,000. Finally, Amundi boosted its stake in Kroger by 18.3% during the second quarter. Amundi now owns 3,942,230 shares of the company’s stock worth $218,912,000 after acquiring an additional 610,039 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Guggenheim reaffirmed a “buy” rating and issued a $68.00 price target (up from $66.00) on shares of Kroger in a research note on Wednesday, October 21st. Wells Fargo & Company set a $60.00 price objective on shares of Kroger and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. Roth Capital restated a “buy” rating and issued a $73.00 target price on shares of Kroger in a research note on Monday, September 14th. Wall Street Zen lowered Kroger from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, UBS Group set a $66.00 price target on Kroger and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kroger presently has a consensus rating of “Moderate Buy” and an average target price of $70.35.

Insider Buying and Selling at Kroger

In other news, EVP Mary Adcock sold 72,901 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $60.70, for a total value of $4,425,090.70. Following the transaction, the executive vice president owned 175,233 shares in the company, valued at $10,636,643.10. This trade represents a 29.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Kroger Stock Performance

KR opened at $68.99 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.31 and a debt-to-equity ratio of 2.59. The company’s fifty day moving average price is $61.21 and its two-hundred day moving average price is $63.68. The Kroger Co. has a 1-year low of $54.15 and a 1-year high of $76.58. The company has a market cap of $40.75 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 1.88 and a beta of 0.36.

Kroger (NYSE:KR) last posted its earnings results on Friday, September 11th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.05 by $0.04. Kroger had a net margin of 0.73% and a return on equity of 49.90%. The company had revenue of $34.62 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. On average, analysts expect that The Kroger Co. will post 5.20 EPS for the current fiscal year.

Kroger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 annualized dividend and a dividend yield of 2.3%. Kroger’s dividend payout ratio is 84.78%.

About Kroger

The Kroger Co is a U.S. food and grocery retailer headquartered in Cincinnati, Ohio. Founded by Bernard Kroger in 1883, the company operates supermarkets under banners that include Kroger, Ralphs, Fred Meyer, King Soopers, Fry’s, Harris Teeter and Smith’s, among others.

Kroger’s business includes the sale of fresh food, groceries, general merchandise, household products and health and beauty items. Many of its stores also provide pharmacy services and fuel centers. The company offers digital shopping, pickup and delivery services, loyalty programs and a range of private-label products, including Simple Truth, Private Selection and Kroger-branded products.

Kroger primarily serves customers across the United States, with stores concentrated in the Midwest, South, West and parts of the Mid-Atlantic region.