GWN Securities Inc. Acquires 38,475 Shares of The Kroger Co. $KR

GWN Securities Inc. increased its holdings in shares of The Kroger Co. (NYSE:KR) by 66.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,974 shares of the company’s stock after acquiring an additional 38,475 shares during the period. Kroger comprises approximately 1.3% of GWN Securities Inc.’s holdings, making the stock its 16th largest holding. GWN Securities Inc.’s holdings in Kroger were worth $6,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in Kroger in the first quarter worth $25,000. SOA Wealth Advisors LLC. raised its holdings in shares of Kroger by 6,840.0% in the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after buying an additional 342 shares during the last quarter. Rossby Financial LCC bought a new position in shares of Kroger in the second quarter valued at about $29,000. Whipplewood Advisors LLC raised its holdings in shares of Kroger by 10,425.0% in the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 417 shares during the last quarter. Finally, Capital Analysts LLC acquired a new stake in Kroger in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Stock Up 1.4%

Shares of Kroger stock opened at $68.06 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85. The Kroger Co. has a 12 month low of $55.60 and a 12 month high of $74.90. The business has a fifty day simple moving average of $67.68 and a 200 day simple moving average of $69.19. The stock has a market cap of $45.10 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.95 and a beta of 0.57.

Kroger (NYSE:KR) last issued its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (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 for the quarter, compared to analysts’ expectations of $34.08 billion. During the same quarter last year, the business earned $0.93 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Research analysts predict that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio (DPR) is currently 35.53%.

Wall Street Analyst Weigh In

KR has been the subject of several research reports. Telsey Advisory Group restated an “outperform” rating and issued a $82.00 price objective on shares of Kroger in a research report on Thursday, September 11th. Guggenheim reissued a “buy” rating and set a $78.00 price target on shares of Kroger in a research note on Friday, September 12th. Roth Capital raised Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, September 17th. Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. Finally, Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.