US Bancorp DE Sells 26,476 Shares of The Kroger Co. $KR

US Bancorp DE lessened its stake in The Kroger Co. (NYSE:KRFree Report) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 525,483 shares of the company’s stock after selling 26,476 shares during the quarter. US Bancorp DE’s holdings in Kroger were worth $35,423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KR. Atlantic Union Bankshares Corp acquired a new position in Kroger during the second quarter worth $28,000. Avalon Trust Co acquired a new position in shares of Kroger during the 3rd quarter worth about $29,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Kroger by 87.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Kroger in the second quarter valued at about $33,000. Finally, Westside Investment Management Inc. increased its position in shares of Kroger by 100.0% in the third quarter. Westside Investment Management Inc. now owns 490 shares of the company’s stock valued at $33,000 after acquiring an additional 245 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Kroger Price Performance

Kroger stock opened at $68.13 on Friday. The company has a market capitalization of $43.11 billion, a price-to-earnings ratio of 63.08, a PEG ratio of 1.70 and a beta of 0.62. 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 Kroger Co. has a 12 month low of $58.60 and a 12 month high of $74.90. The stock’s 50 day moving average is $64.60 and its 200-day moving average is $65.93.

Kroger (NYSE:KRGet Free Report) last released its quarterly earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. Kroger had a return on equity of 38.06% and a net margin of 0.54%.The business had revenue of $33.86 billion during the quarter, compared to analysts’ expectations of $34.27 billion. During the same period last year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. Equities research analysts expect that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 13th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. Kroger’s dividend payout ratio is 129.63%.

Analyst Ratings Changes

A number of research analysts have weighed in on KR shares. Wall Street Zen downgraded Kroger from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Morgan Stanley set a $67.00 target price on shares of Kroger and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Guggenheim reiterated a “buy” rating and issued a $78.00 price target on shares of Kroger in a research note on Tuesday, February 10th. UBS Group reissued a “neutral” rating and issued a $70.00 price objective (down from $74.00) on shares of Kroger in a research report on Friday, December 5th. Finally, Wells Fargo & Company lowered shares of Kroger from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $70.00 to $68.00 in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $73.93.

Check Out Our Latest Report on KR

Key Headlines Impacting Kroger

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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.

Further Reading

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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