The Kroger Co. $KR is Tobam’s 5th Largest Position

Tobam grew its stake in shares of The Kroger Co. (NYSE:KR) by 34.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,482 shares of the company’s stock after buying an additional 28,859 shares during the quarter. Kroger accounts for 2.7% of Tobam’s investment portfolio, making the stock its 5th biggest position. Tobam’s holdings in Kroger were worth $7,515,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new stake in Kroger during the second quarter worth about $28,000. Rossby Financial LCC bought a new position in shares of Kroger during the 2nd quarter valued at about $29,000. Whipplewood Advisors LLC raised its holdings in shares of Kroger by 10,425.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 417 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in Kroger by 87.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock worth $32,000 after buying an additional 208 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Kroger in the second quarter worth approximately $33,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

KR has been the topic of several research reports. BMO Capital Markets reissued a “market perform” rating on shares of Kroger in a research note on Monday, February 9th. Morgan Stanley set a $67.00 target price on shares of Kroger and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Wells Fargo & Company restated an “overweight” rating and set a $70.00 price target (down from $78.00) on shares of Kroger in a research report on Thursday, December 4th. Guggenheim reiterated a “buy” rating and issued a $78.00 price objective on shares of Kroger in a report on Tuesday, February 10th. Finally, Evercore set a $77.00 target price on Kroger and gave the company an “outperform” rating in a research note on Friday, December 5th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Kroger has an average rating of “Moderate Buy” and a consensus target price of $74.07.

Kroger Stock Performance

Shares of NYSE:KR opened at $71.17 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.45 and a debt-to-equity ratio of 2.28. The company has a 50-day moving average price of $63.45 and a 200-day moving average price of $66.13. The company has a market cap of $45.04 billion, a price-to-earnings ratio of 65.90, a price-to-earnings-growth ratio of 1.81 and a beta of 0.62. The Kroger Co. has a 12 month low of $58.60 and a 12 month high of $74.90.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $33.86 billion for the quarter, compared to the consensus estimate of $34.27 billion. Kroger had a return on equity of 38.06% and a net margin of 0.54%.Kroger’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. As a group, equities analysts anticipate that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 13th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 13th. Kroger’s dividend payout ratio is currently 129.63%.

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.