Vise Technologies Inc. Acquires 14,212 Shares of The Kroger Co. $KR

Vise Technologies Inc. increased its holdings in shares of The Kroger Co. (NYSE:KR – Free Report) by 34.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 55,621 shares of the company’s stock after acquiring an additional 14,212 shares during the quarter. Vise Technologies Inc.’s holdings in Kroger were worth $3,260,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Kroger in the 2nd quarter valued at approximately $3,016,956,000. Legal & General Group Plc acquired a new stake in shares of Kroger in the second quarter valued at about $284,501,000. Bank of New York Mellon Corp bought a new position in shares of Kroger during the second quarter worth about $195,234,000. Nykredit A S bought a new position in shares of Kroger during the second quarter worth about $157,533,000. Finally, Deutsche Bank AG bought a new stake in Kroger in the second quarter valued at approximately $119,723,000. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KR shares. Telsey Advisory Group decreased their target price on shares of Kroger from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Monday, September 14th. UBS Group set a $66.00 target price on Kroger and gave the company a “neutral” rating in a research report on Wednesday, October 21st. Roth Capital reiterated a “buy” rating and issued a $73.00 price objective on shares of Kroger in a research note on Monday, September 14th. Guggenheim reaffirmed a “buy” rating and issued a $68.00 price target (up from $66.00) on shares of Kroger in a research note on Wednesday, October 21st. Finally, BNP Paribas Exane upgraded shares of Kroger from a “neutral” rating to an “outperform” rating and set a $72.00 price objective on the stock in a report on Wednesday, October 7th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.35.

Read Our Latest Research Report on Kroger

Insider Buying and Selling at Kroger

In other news, EVP Mary Adcock sold 72,901 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $60.70, for a total transaction of $4,425,090.70. Following the completion of the sale, the executive vice president owned 175,233 shares in the company, valued at $10,636,643.10. This trade represents a 29.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by corporate insiders.

Kroger Stock Performance

Shares of KR opened at $68.99 on Thursday. The firm has a market capitalization of $40.75 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.88 and a beta of 0.36. The stock has a 50 day moving average price of $61.21 and a two-hundred day moving average price of $63.68. The Kroger Co. has a 52 week low of $54.15 and a 52 week high of $76.58. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.31 and a current ratio of 0.70.

Kroger (NYSE:KR – Get Free Report) last issued its quarterly earnings results on Friday, September 11th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $34.62 billion during the quarter, compared to the consensus estimate of $34.64 billion. Kroger had a return on equity of 49.90% and a net margin of 0.73%. Kroger’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $1.04 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. Equities analysts forecast that The Kroger Co. will post 5.20 earnings per share for the current fiscal year.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Monday, November 16th. Kroger’s payout ratio is presently 84.78%.

About Kroger

(Free Report)

The Kroger Co is a U.S. food and grocery retailer headquartered in Cincinnati, Ohio. Founded by Bernard Kroger in 1883, the company operates supermarkets under banners that include Kroger, Ralphs, Fred Meyer, King Soopers, Fry’s, Harris Teeter and Smith’s, among others.

Kroger’s business includes the sale of fresh food, groceries, general merchandise, household products and health and beauty items. Many of its stores also provide pharmacy services and fuel centers. The company offers digital shopping, pickup and delivery services, loyalty programs and a range of private-label products, including Simple Truth, Private Selection and Kroger-branded products.

Kroger primarily serves customers across the United States, with stores concentrated in the Midwest, South, West and parts of the Mid-Atlantic region.

See Also

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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