The Kroger Co. $KR Shares Bought by Altus Wealth Group LLC

Altus Wealth Group LLC increased its position in shares of The Kroger Co. (NYSE:KR) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,357 shares of the company’s stock after acquiring an additional 575 shares during the period. Altus Wealth Group LLC’s holdings in Kroger were worth $599,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KR. Accent Capital Management LLC acquired a new position in Kroger during the first quarter worth about $25,000. SOA Wealth Advisors LLC. grew its holdings in Kroger by 6,840.0% during the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after acquiring an additional 342 shares during the period. Garde Capital Inc. acquired a new position in Kroger during the first quarter worth about $31,000. Capital Analysts LLC acquired a new position in Kroger during the first quarter worth about $36,000. Finally, GKV Capital Management Co. Inc. acquired a new position in Kroger during the first quarter worth about $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KR shares. Argus set a $85.00 target price on Kroger in a report on Thursday, September 18th. Barclays began coverage on Kroger in a research report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 price target for the company. Jefferies Financial Group set a $83.00 price target on Kroger and gave the company a “buy” rating in a research report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Kroger from $57.00 to $67.00 and gave the company a “hold” rating in a research report on Monday, June 23rd. Finally, Evercore ISI decreased their price target on Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

Kroger Trading Up 0.4%

Shares of NYSE KR opened at $69.13 on Monday. The Kroger Co. has a one year low of $55.60 and a one year high of $74.90. The firm has a market capitalization of $45.81 billion, a PE ratio of 17.55, a PEG ratio of 2.01 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. The business has a 50-day moving average price of $68.04 and a two-hundred day moving average price of $69.11.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $34.08 billion. During the same period last year, the company posted $0.93 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, analysts predict that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.0%. Kroger’s dividend payout ratio (DPR) is presently 35.53%.

Kroger 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.