Norges Bank bought a new stake in shares of The Kroger Co. (NYSE:KR – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 7,531,387 shares of the company’s stock, valued at approximately $470,561,000. Norges Bank owned approximately 1.19% of Kroger at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Kroger by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 77,169,425 shares of the company’s stock valued at $4,821,546,000 after acquiring an additional 868,529 shares in the last quarter. Wellington Management Group LLP increased its holdings in Kroger by 61.1% during the 3rd quarter. Wellington Management Group LLP now owns 33,367,551 shares of the company’s stock valued at $2,249,307,000 after acquiring an additional 12,652,261 shares in the last quarter. State Street Corp increased its holdings in Kroger by 1.2% during the 3rd quarter. State Street Corp now owns 31,948,112 shares of the company’s stock valued at $2,153,622,000 after acquiring an additional 386,503 shares in the last quarter. Invesco Ltd. increased its holdings in Kroger by 15.8% during the 3rd quarter. Invesco Ltd. now owns 6,327,182 shares of the company’s stock valued at $426,515,000 after acquiring an additional 865,559 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Kroger by 66.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 5,255,084 shares of the company’s stock worth $354,245,000 after purchasing an additional 2,100,444 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have issued reports on KR. Morgan Stanley set a $73.00 price target on shares of Kroger and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Barclays reaffirmed a “positive” rating on shares of Kroger in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kroger in a research note on Friday, March 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kroger in a research note on Monday. Finally, Wall Street Zen raised shares of Kroger from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.87.
Kroger Trading Down 1.1%
Shares of KR stock opened at $61.48 on Tuesday. The stock has a market cap of $37.67 billion, a price-to-earnings ratio of 40.19, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 2.66. The Kroger Co. has a fifty-two week low of $58.60 and a fifty-two week high of $76.58. The firm’s 50 day moving average price is $68.31 and its two-hundred day moving average price is $66.74.
Kroger (NYSE:KR – Get Free Report) last announced its quarterly earnings results on Thursday, March 5th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.08. The firm had revenue of $34.73 billion for the quarter, compared to analysts’ expectations of $35.10 billion. Kroger had a net margin of 0.69% and a return on equity of 41.08%. Kroger’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. On average, analysts anticipate that The Kroger Co. will post 5.24 EPS for the current year.
Kroger Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 15th. Kroger’s payout ratio is 91.50%.
Kroger Company Profile
The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.
In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.
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