Milestone Asset Management LLC Makes New $812,000 Investment in The Kroger Co. $KR

Milestone Asset Management LLC purchased a new position in shares of The Kroger Co. (NYSE:KR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,316 shares of the company’s stock, valued at approximately $812,000.

Other large investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its holdings in Kroger by 6,840.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after purchasing an additional 342 shares during the period. Accent Capital Management LLC purchased a new stake in Kroger during the 1st quarter worth about $25,000. Rossby Financial LCC purchased a new stake in Kroger during the 2nd quarter worth about $29,000. Whipplewood Advisors LLC increased its holdings in Kroger by 10,425.0% during 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 period. Finally, Quaker Wealth Management LLC increased its holdings in Kroger by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 525 shares of the company’s stock worth $38,000 after purchasing an additional 1,050 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Kroger Trading Down 0.4%

Shares of KR stock opened at $63.40 on Tuesday. The business’s 50 day moving average is $67.13 and its two-hundred day moving average is $69.06. The Kroger Co. has a twelve month low of $56.17 and a twelve month high of $74.90. The company has a market capitalization of $42.01 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.92 and a beta of 0.57. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85.

Kroger (NYSE:KR) last posted 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 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 the consensus estimate of $34.08 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The company’s revenue for the quarter 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 forecast that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, November 14th. Kroger’s payout ratio is presently 35.53%.

Wall Street Analyst Weigh In

KR has been the topic of several recent research reports. Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Argus set a $85.00 target price on Kroger in a research report on Thursday, September 18th. Evercore ISI cut their target price on Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Kroger in a research report on Wednesday, October 8th. Finally, Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and raised their target price for the stock from $66.00 to $75.00 in a research report on Wednesday, September 17th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Kroger presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

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.