Mutual of America Capital Management LLC Sells 7,184 Shares of The Kroger Co. $KR

Mutual of America Capital Management LLC decreased its position in The Kroger Co. (NYSE:KR) by 9.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 70,277 shares of the company’s stock after selling 7,184 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kroger were worth $5,041,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KR. Brighton Jones LLC grew its holdings in shares of Kroger by 27.3% in the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after purchasing an additional 3,373 shares during the last quarter. GAMMA Investing LLC lifted its position in Kroger by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 25,209 shares of the company’s stock worth $1,706,000 after buying an additional 2,347 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Kroger by 14.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 145,547 shares of the company’s stock worth $9,852,000 after buying an additional 18,668 shares in the last quarter. Continuum Advisory LLC lifted its position in Kroger by 172.2% during the 1st quarter. Continuum Advisory LLC now owns 1,587 shares of the company’s stock worth $107,000 after buying an additional 1,004 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Kroger by 11.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,642 shares of the company’s stock worth $720,000 after buying an additional 1,115 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KR shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a research report on Wednesday, October 8th. Guggenheim reiterated a “buy” rating and set a $78.00 price target on shares of Kroger in a research report on Friday, September 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $82.00 price target on shares of Kroger in a research report on Thursday, September 11th. Wall Street Zen upgraded shares of Kroger from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $75.00 price target (down previously from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

Kroger Stock Performance

Kroger stock opened at $67.63 on Wednesday. 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 1 year low of $55.60 and a 1 year high of $74.90. The company has a market cap of $44.82 billion, a PE ratio of 17.17, a PEG ratio of 2.01 and a beta of 0.57. The company’s 50-day moving average is $67.81 and its two-hundred day moving average is $69.11.

Kroger (NYSE:KR) last released its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) 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 company had revenue of $33.94 billion for the quarter, compared to the consensus estimate of $34.08 billion. During the same period in the prior year, the company posted $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. Equities analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio (DPR) 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.