The Kroger Co. $KR Shares Acquired by Money Concepts Capital Corp

Money Concepts Capital Corp grew its holdings in The Kroger Co. (NYSE:KR – Free Report) by 12.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,768 shares of the company’s stock after purchasing an additional 8,698 shares during the quarter. Money Concepts Capital Corp’s holdings in Kroger were worth $4,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KR. Axiom Investment Management LLC acquired a new stake in shares of Kroger in the first quarter valued at approximately $31,000. North Point Portfolio Managers Corp OH purchased a new position in Kroger during the third quarter worth approximately $30,000. GK Wealth Management LLC acquired a new position in Kroger during the third quarter worth $33,000. Salomon & Ludwin LLC boosted its stake in Kroger by 979.6% during the third quarter. Salomon & Ludwin LLC now owns 583 shares of the company’s stock worth $34,000 after buying an additional 529 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in Kroger by 75.0% during the third quarter. Pinnacle Bancorp Inc. now owns 700 shares of the company’s stock worth $41,000 after buying an additional 300 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KR has been the subject of several analyst reports. Citigroup restated a “neutral” rating and issued a $57.00 target price (down from $61.00) on shares of Kroger in a report on Tuesday, September 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Kroger in a report on Monday, September 14th. Deutsche Bank reiterated a “buy” rating and set a $70.00 price target on shares of Kroger in a report on Wednesday, October 21st. Roth Capital reissued a “buy” rating and set a $73.00 price target on shares of Kroger in a research report on Monday, September 14th. Finally, Telsey Advisory Group dropped their price objective on shares of Kroger from $78.00 to $75.00 and set an “outperform” rating for the company in a report on Monday, September 14th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Kroger has an average rating of “Moderate Buy” and a consensus target price of $70.35.

Read Our Latest Research Report on KR

Insider Activity at Kroger

In other news, EVP Mary Adcock sold 72,901 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $10,636,643.10. This represents a 29.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Key Headlines Impacting Kroger

These are some of the KR headlines that stood out recently:

Kroger Stock Up 0.5%

Shares of NYSE KR opened at $69.81 on Friday. The company has a 50 day simple moving average of $62.54 and a 200-day simple moving average of $63.84. The company has a market capitalization of $41.23 billion, a P/E ratio of 37.94, a P/E/G ratio of 1.96 and a beta of 0.36. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.70 and a quick ratio of 0.31. The Kroger Co. has a 1 year low of $54.15 and a 1 year high of $76.58.

Kroger (NYSE:KR – Get Free Report) last released its quarterly earnings results on Friday, September 11th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.05 by $0.04. The firm had revenue of $34.62 billion for the quarter, compared to analyst estimates of $34.64 billion. Kroger had a net margin of 0.73% and a return on equity of 49.90%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. On average, equities research analysts predict that The Kroger Co. will post 5.20 earnings per share for the current year.

Kroger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be given a $0.39 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.56 dividend on an annualized basis and a yield of 2.2%. Kroger’s payout ratio is currently 84.78%.

About Kroger

(Free Report)

The Kroger Co. is a U.S. grocery retailer founded in Cincinnati, Ohio, in 1883 by Bernard Kroger. It operates supermarkets and other grocery formats across the United States under banners including Kroger, Ralphs, Fred Meyer, Harris Teeter, King Soopers, and Smith’s. Alongside groceries and household essentials, Kroger stores offer services such as pharmacies and fuel centers. The company also sells products under its own private-label brands and produces many of those items through its food manufacturing operations.

Further Reading

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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