Saudi Central Bank Acquires 16,402 Shares of The Kroger Co. $KR

Saudi Central Bank grew its holdings in The Kroger Co. (NYSE:KRFree Report) by 73.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,593 shares of the company’s stock after buying an additional 16,402 shares during the quarter. Saudi Central Bank’s holdings in Kroger were worth $2,143,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Whipplewood Advisors LLC acquired a new position in Kroger in the first quarter worth about $27,000. MV Capital Management Inc. acquired a new stake in Kroger during the fourth quarter valued at approximately $26,000. Axiom Investment Management LLC acquired a new stake in Kroger during the first quarter valued at approximately $31,000. Cedar Mountain Advisors LLC bought a new stake in shares of Kroger in the 1st quarter valued at approximately $33,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Kroger in the 4th quarter valued at approximately $28,000. 80.93% of the stock is owned by institutional investors.

Kroger Trading Up 0.1%

Shares of KR opened at $58.62 on Tuesday. The stock’s fifty day simple moving average is $57.76 and its 200-day simple moving average is $63.92. The firm has a market capitalization of $35.91 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 1.64 and a beta of 0.41. The Kroger Co. has a 12-month low of $54.15 and a 12-month high of $76.58. The company has a quick ratio of 0.39, a current ratio of 0.79 and a debt-to-equity ratio of 2.43.

Kroger (NYSE:KRGet Free Report) last announced its quarterly earnings data on Thursday, June 18th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.01). Kroger had a return on equity of 44.33% and a net margin of 0.71%.The firm had revenue of $46.12 billion for the quarter, compared to the consensus estimate of $45.59 billion. During the same period in the prior year, the firm posted $1.49 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. As a group, research analysts predict that The Kroger Co. will post 5.21 earnings per share for the current year.

Kroger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Saturday, August 15th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Kroger’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, August 14th. Kroger’s payout ratio is presently 91.76%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen downgraded Kroger from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Morgan Stanley dropped their price objective on Kroger from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, June 22nd. HC Wainwright reissued a “buy” rating on shares of Kroger in a report on Thursday, July 2nd. Jefferies Financial Group restated a “buy” rating and issued a $80.00 target price on shares of Kroger in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kroger in a report on Monday, June 1st. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kroger currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.75.

Check Out Our Latest Analysis on KR

Kroger Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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