Quotient Wealth Partners LLC Cuts Stake in The Kroger Co. $KR

Quotient Wealth Partners LLC lessened its stake in shares of The Kroger Co. (NYSE:KR) by 2.9% in the 2nd quarter, Holdings Channel reports. The firm owned 7,181 shares of the company’s stock after selling 211 shares during the period. Quotient Wealth Partners LLC’s holdings in Kroger were worth $515,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. IFC Advisors LLC lifted its position in shares of Kroger by 1.7% in the first quarter. IFC Advisors LLC now owns 8,642 shares of the company’s stock valued at $585,000 after acquiring an additional 142 shares in the last quarter. Wealthcare Advisory Partners LLC raised 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 valued at $576,000 after purchasing an additional 146 shares during the last quarter. PDS Planning Inc lifted its holdings in Kroger by 2.0% in the 2nd quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock valued at $553,000 after purchasing an additional 152 shares in the last quarter. Cairn Investment Group Inc. boosted its stake in Kroger by 0.3% during 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 during the last quarter. Finally, Independent Wealth Network Inc. grew its holdings in shares of Kroger by 0.9% during the second quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock worth $1,385,000 after buying an additional 164 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Trading Up 0.4%

Shares of Kroger stock opened at $69.13 on Friday. The stock has a 50 day moving average of $68.04 and a 200 day moving average of $69.12. 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 capitalization of $45.81 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 2.01 and a beta of 0.57. The Kroger Co. has a fifty-two week low of $55.60 and a fifty-two week high of $74.90.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $33.94 billion for 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 company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, research analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s dividend payout ratio (DPR) is 35.53%.

Analysts Set New Price Targets

A number of research firms recently weighed in on KR. Wall Street Zen upgraded shares of Kroger from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Morgan Stanley set a $76.00 target price on Kroger and gave the stock an “equal weight” rating in a report on Monday, June 23rd. UBS Group reaffirmed a “neutral” rating and issued a $74.00 price target (up previously from $66.00) on shares of Kroger in a report on Monday, June 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $75.00 price objective (down previously from $82.00) on shares of Kroger in a research note on Wednesday, August 20th. Finally, Jefferies Financial Group set a $83.00 target price on Kroger and gave the company a “buy” rating in a report on Monday, June 23rd. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Kroger currently has an average rating of “Moderate Buy” and a consensus price target of $74.50.

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.