Carnegie Investment Counsel Sells 170 Shares of The Kroger Co. $KR

Carnegie Investment Counsel lessened its stake in The Kroger Co. (NYSE:KR) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,555 shares of the company’s stock after selling 170 shares during the period. Carnegie Investment Counsel’s holdings in Kroger were worth $255,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KR. Accent Capital Management LLC bought a new stake in shares of Kroger during the 1st quarter valued at $25,000. SOA Wealth Advisors LLC. raised its position in shares of Kroger by 6,840.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after acquiring an additional 342 shares during the last quarter. Capital Analysts LLC bought a new stake in shares of Kroger during the 1st quarter valued at $36,000. GKV Capital Management Co. Inc. bought a new stake in shares of Kroger during the 1st quarter valued at $38,000. Finally, Thompson Investment Management Inc. bought a new stake in shares of Kroger during the 2nd quarter valued at $38,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on KR shares. Evercore ISI dropped their target price on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Barclays started coverage on shares of Kroger in a research report on Monday, July 21st. They set an “equal weight” rating and a $75.00 target price for the company. Wall Street Zen cut shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday. 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 report on Wednesday, September 17th. Finally, Argus set a $85.00 price objective on shares of Kroger in a research report on Thursday, September 18th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kroger has a consensus rating of “Moderate Buy” and an average price target of $74.50.

Kroger Stock Down 2.3%

Kroger stock opened at $67.09 on Monday. The stock has a market cap of $44.46 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.95 and a beta of 0.57. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85. The Kroger Co. has a twelve month low of $55.60 and a twelve month high of $74.90. The company’s 50-day moving average price is $67.72 and its two-hundred day moving average price is $69.17.

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 the consensus estimate of $1.00 by $0.04. The firm had revenue of $33.94 billion for the quarter, compared to analysts’ expectations of $34.08 billion. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, analysts expect that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. Kroger’s dividend payout ratio (DPR) is currently 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.