GW Henssler & Associates Ltd. Has $648,000 Holdings in The Kroger Co. $KR

GW Henssler & Associates Ltd. reduced its stake in shares of The Kroger Co. (NYSE:KR) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,036 shares of the company’s stock after selling 838 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Kroger were worth $648,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. CWM LLC raised its stake in Kroger by 61.8% during the 2nd quarter. CWM LLC now owns 50,368 shares of the company’s stock valued at $3,613,000 after purchasing an additional 19,245 shares during the last quarter. OFI Invest Asset Management raised its stake in Kroger by 31.0% during the 2nd quarter. OFI Invest Asset Management now owns 1,522 shares of the company’s stock valued at $109,000 after purchasing an additional 360 shares during the last quarter. Advocate Group LLC raised its stake in Kroger by 16.6% during the 2nd quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock valued at $8,707,000 after purchasing an additional 17,284 shares during the last quarter. Means Investment CO. Inc. acquired a new position in shares of Kroger in the 2nd quarter valued at $258,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Kroger by 11.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 127,114 shares of the company’s stock valued at $9,118,000 after buying an additional 13,318 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kroger news, Director Clyde R. Moore sold 3,810 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $71.61, for a total transaction of $272,834.10. Following the sale, the director owned 85,850 shares of the company’s stock, valued at $6,147,718.50. This represents a 4.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Kroger Stock Up 0.5%

KR opened at $67.88 on Friday. The firm’s 50-day simple moving average is $68.47 and its 200-day simple moving average is $69.07. 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 Kroger Co. has a twelve month low of $54.88 and a twelve month high of $74.90. The firm has a market cap of $44.98 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.97 and a beta of 0.57.

Kroger (NYSE:KR) last posted its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share 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 in the prior year, the firm earned $0.93 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Equities research analysts anticipate that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders 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 yield of 2.1%. Kroger’s dividend payout ratio is currently 35.53%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kroger from $57.00 to $67.00 and gave the company a “hold” rating in a research note on Monday, June 23rd. Roth Capital upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, September 17th. Morgan Stanley set a $76.00 price objective on shares of Kroger and gave the company an “equal weight” rating in a research note on Monday, June 23rd. Wall Street Zen cut shares of Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Finally, Argus set a $85.00 price objective on shares of Kroger in a research note on Thursday, September 18th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kroger currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.63.

Kroger 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.