Stratos Wealth Advisors LLC Sells 1,160 Shares of The Kroger Co. $KR

Stratos Wealth Advisors LLC cut its stake in The Kroger Co. (NYSE:KR) by 21.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,323 shares of the company’s stock after selling 1,160 shares during the period. Stratos Wealth Advisors LLC’s holdings in Kroger were worth $310,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Monument Capital Management bought a new position in shares of Kroger in the second quarter worth about $2,901,000. Advocate Group LLC grew its holdings in shares of Kroger by 16.6% in the second quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock worth $8,707,000 after purchasing an additional 17,284 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Kroger by 1.7% in the first quarter. Bessemer Group Inc. now owns 12,545 shares of the company’s stock worth $850,000 after purchasing an additional 213 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Kroger by 3.7% in the first quarter. Diversified Trust Co now owns 6,429 shares of the company’s stock worth $435,000 after purchasing an additional 229 shares during the last quarter. Finally, Sowell Financial Services LLC increased its position in Kroger by 8.1% during the 2nd quarter. Sowell Financial Services LLC now owns 51,805 shares of the company’s stock valued at $3,716,000 after purchasing an additional 3,869 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KR. Telsey Advisory Group reissued an “outperform” rating and set a $82.00 target price on shares of Kroger in a research report on Thursday, September 11th. Jefferies Financial Group set a $83.00 target price on shares of Kroger and gave the company a “buy” rating in a research report on Monday, June 23rd. Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, September 17th. Evercore ISI cut their target price on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Finally, Roth Mkm raised shares of Kroger from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Kroger presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

Kroger Stock Up 0.4%

NYSE:KR opened at $69.13 on Monday. The Kroger Co. has a fifty-two week low of $55.60 and a fifty-two week high of $74.90. The stock has a market capitalization of $45.81 billion, a P/E ratio of 17.55, a P/E/G ratio of 2.01 and a beta of 0.57. 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 company’s 50-day simple moving average is $68.04 and its 200-day simple moving average is $69.11.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $34.08 billion. During the same period last year, the business earned $0.93 EPS. The company’s revenue was up .1% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, equities analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Dividend Announcement

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