Checchi Capital Advisers LLC Sells 251 Shares of The Kroger Co. $KR

Checchi Capital Advisers LLC lessened its holdings in The Kroger Co. (NYSE:KR) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,976 shares of the company’s stock after selling 251 shares during the period. Checchi Capital Advisers LLC’s holdings in Kroger were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in shares of Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after buying an additional 3,373 shares during the last quarter. Wedmont Private Capital lifted its position in Kroger by 9.8% during the first quarter. Wedmont Private Capital now owns 8,472 shares of the company’s stock worth $578,000 after acquiring an additional 755 shares during the last quarter. KMG Fiduciary Partners LLC acquired a new stake in Kroger during the first quarter worth approximately $207,000. Park Avenue Securities LLC grew its position in shares of Kroger by 10.4% in the first quarter. Park Avenue Securities LLC now owns 36,516 shares of the company’s stock valued at $2,472,000 after purchasing an additional 3,441 shares during the last quarter. Finally, Outlook Wealth Advisors LLC bought a new position in shares of Kroger during the first quarter worth approximately $659,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KR shares. Morgan Stanley set a $76.00 price target on Kroger and gave the company an “equal weight” rating in a research note on Monday, June 23rd. UBS Group reissued a “neutral” rating and issued a $74.00 target price (up previously from $66.00) on shares of Kroger in a research report on Monday, June 23rd. Wall Street Zen lowered shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kroger from $57.00 to $67.00 and gave the company a “hold” rating in a report on Monday, June 23rd. Finally, Guggenheim reaffirmed a “buy” rating and set a $78.00 target price on shares of Kroger in a report on Friday, September 12th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Kroger presently has an average rating of “Moderate Buy” and an average target price of $73.63.

Kroger Price Performance

Shares of NYSE:KR opened at $64.83 on Tuesday. The firm has a 50 day moving average of $68.66 and a 200-day moving average of $69.03. The Kroger Co. has a 12 month low of $54.88 and a 12 month high of $74.90. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $42.96 billion, a PE ratio of 16.45, a PEG ratio of 1.93 and a beta of 0.57.

Kroger (NYSE:KR) last posted its quarterly earnings results 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 net margin of 1.86% and a return on equity of 32.62%. The business had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. During the same quarter last year, the business posted $0.93 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, equities research analysts predict that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Kroger’s payout ratio is 35.53%.

Insider Buying and Selling at Kroger

In related news, Director Clyde R. Moore sold 3,810 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $71.61, for a total value of $272,834.10. Following the sale, the director directly owned 85,850 shares of the company’s stock, valued at $6,147,718.50. This trade represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.44% of the stock is currently owned by corporate insiders.

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.