The Kroger Co. $KR Shares Purchased by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton increased its position in shares of The Kroger Co. (NYSE:KR) by 16.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,717 shares of the company’s stock after acquiring an additional 519 shares during the period. Rosenberg Matthew Hamilton’s holdings in Kroger were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KR. IFC Advisors LLC increased its stake in Kroger by 1.7% in the 1st quarter. IFC Advisors LLC now owns 8,642 shares of the company’s stock worth $585,000 after purchasing an additional 142 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in Kroger by 1.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 8,025 shares of the company’s stock worth $576,000 after purchasing an additional 146 shares in the last quarter. PDS Planning Inc increased its stake in Kroger by 2.0% in the 2nd quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock worth $553,000 after purchasing an additional 152 shares in the last quarter. Cairn Investment Group Inc. increased its stake in Kroger by 0.3% in the 2nd quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock worth $4,225,000 after purchasing an additional 163 shares in the last quarter. Finally, Independent Wealth Network Inc. increased its stake in Kroger by 0.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock worth $1,385,000 after purchasing an additional 164 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KR has been the topic of a number of analyst reports. Guggenheim reissued a “buy” rating and issued a $78.00 price target on shares of Kroger in a research note on Friday, September 12th. Weiss Ratings restated a “buy (b)” rating on shares of Kroger in a research report on Wednesday, October 8th. Wall Street Zen lowered Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. Telsey Advisory Group restated an “outperform” rating and set a $82.00 price objective on shares of Kroger in a research report on Thursday, September 11th. Finally, Evercore ISI decreased their price objective on Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Kroger presently has an average rating of “Moderate Buy” and an average price target of $73.53.

Kroger Trading Down 0.1%

Shares of NYSE KR opened at $69.05 on Thursday. The firm has a market capitalization of $45.76 billion, a PE ratio of 17.52, a PEG ratio of 2.01 and a beta of 0.57. 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 Kroger Co. has a one year low of $55.60 and a one year high of $74.90. The business has a 50-day moving average price of $68.24 and a two-hundred day moving average price of $69.09.

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

Kroger Announces Dividend

The company 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. This represents a $1.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, November 14th. Kroger’s payout ratio is currently 35.53%.

About Kroger

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.