Signaturefd LLC Purchases 601 Shares of The Kroger Co. $KR

Signaturefd LLC boosted its stake in shares of The Kroger Co. (NYSE:KR) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,966 shares of the company’s stock after buying an additional 601 shares during the period. Signaturefd LLC’s holdings in Kroger were worth $1,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC grew its position in shares of Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after acquiring an additional 3,373 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Kroger by 76.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 282,941 shares of the company’s stock worth $17,302,000 after buying an additional 122,680 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Kroger by 4.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 6,368 shares of the company’s stock worth $431,000 after purchasing an additional 245 shares in the last quarter. Marcum Wealth LLC purchased a new position in Kroger in the 1st quarter worth approximately $215,000. Finally, First Hawaiian Bank purchased a new position in Kroger in the 1st quarter worth approximately $383,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on KR. Telsey Advisory Group reaffirmed an “outperform” rating and set a $82.00 price target on shares of Kroger in a research report on Thursday, September 11th. Wall Street Zen downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Roth Capital upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, September 17th. Jefferies Financial Group set a $83.00 price objective on shares of Kroger and gave the company a “buy” rating in a research note on Monday, June 23rd. Finally, Evercore ISI upped their target price on shares of Kroger from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kroger presently has a consensus rating of “Hold” and an average target price of $73.63.

Insider Buying and Selling at Kroger

In other Kroger news, Director Clyde R. Moore sold 26,814 shares of Kroger stock in a transaction on Friday, July 11th. The shares were sold at an average price of $70.50, for a total value of $1,890,387.00. Following the transaction, the director owned 99,143 shares in the company, valued at $6,989,581.50. This trade represents a 21.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is currently owned by company insiders.

Kroger Stock Down 0.1%

Shares of NYSE KR opened at $65.43 on Friday. The firm’s 50 day moving average price is $69.32 and its 200 day moving average price is $68.98. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. The firm has a market cap of $43.36 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 1.90 and a beta of 0.59. The Kroger Co. has a 1 year low of $54.88 and a 1 year high of $74.90.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The business had revenue of $33.94 billion for the quarter, compared to analysts’ expectations of $34.08 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business’s revenue was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, sell-side analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio (DPR) is 35.53%.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.