The Kroger Co. $KR Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in The Kroger Co. (NYSE:KR) by 2,313.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 138,915 shares of the company’s stock after buying an additional 133,159 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Kroger were worth $9,964,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KR. Accent Capital Management LLC acquired a new position in Kroger in the first quarter valued at approximately $25,000. SOA Wealth Advisors LLC. boosted its stake in Kroger by 6,840.0% in the second 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 period. Whipplewood Advisors LLC lifted its holdings in shares of Kroger by 10,425.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 417 shares during the last quarter. Capital Analysts LLC bought a new stake in shares of Kroger in the 1st quarter worth approximately $36,000. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Kroger in the 1st quarter worth approximately $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Kroger Price Performance

Shares of NYSE:KR opened at $67.09 on Monday. The Kroger Co. has a 12 month low of $55.60 and a 12 month high of $74.90. The stock has a market cap of $44.46 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.95 and a beta of 0.57. The stock’s 50 day moving average price is $67.72 and its 200 day moving average price is $69.17. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.54.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The firm had revenue of $33.94 billion for the quarter, compared to analysts’ expectations of $34.08 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. The firm’s quarterly 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 research analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a $0.35 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.40 annualized dividend and a yield of 2.1%. Kroger’s payout ratio is 35.53%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KR shares. Roth Capital raised Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, September 17th. Wall Street Zen cut Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $75.00 price objective (down from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Roth Mkm upgraded shares of Kroger from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a research report on Saturday. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.