Bristlecone Advisors LLC Sells 19,429 Shares of The Kroger Co. $KR

Bristlecone Advisors LLC trimmed its position in The Kroger Co. (NYSE:KR) by 62.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,500 shares of the company’s stock after selling 19,429 shares during the period. Bristlecone Advisors LLC’s holdings in Kroger were worth $825,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KR. Brighton Jones LLC lifted its holdings in shares of Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after purchasing an additional 3,373 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Kroger by 31.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 374,961 shares of the company’s stock worth $25,550,000 after acquiring an additional 90,023 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Kroger by 67.2% during the first quarter. Golden State Wealth Management LLC now owns 1,336 shares of the company’s stock worth $90,000 after acquiring an additional 537 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in Kroger during the first quarter worth about $317,000. Finally, Alta Advisers Ltd bought a new stake in Kroger during the first quarter worth about $233,000. 80.93% of the stock is currently owned by institutional investors.

Kroger Price Performance

NYSE:KR opened at $66.05 on Thursday. 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 stock’s 50 day moving average price is $67.51 and its two-hundred day moving average price is $69.17. The firm has a market capitalization of $43.77 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 1.97 and a beta of 0.57. The Kroger Co. has a 12-month low of $55.60 and a 12-month high of $74.90.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) 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 analyst estimates of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $0.35 dividend. 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 is presently 35.53%.

Analyst Upgrades and Downgrades

KR has been the topic of several analyst reports. Guggenheim reiterated a “buy” rating and set a $78.00 target price on shares of Kroger in a report on Friday, September 12th. Wall Street Zen lowered Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday. Barclays initiated coverage on Kroger in a report on Monday, July 21st. They set an “equal weight” rating and a $75.00 target price on the stock. Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and upped their target price for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. reissued 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 given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.50.

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.