Candriam S.C.A. raised its holdings in The Kroger Co. (NYSE:KR – Free Report) by 22.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,634 shares of the company’s stock after purchasing an additional 17,075 shares during the period. Candriam S.C.A.’s holdings in Kroger were worth $6,775,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sequoia Financial Advisors LLC raised its position in shares of Kroger by 19.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 49,208 shares of the company’s stock worth $3,561,000 after purchasing an additional 7,866 shares during the period. Cedar Mountain Advisors LLC acquired a new position in Kroger during the 1st quarter valued at approximately $33,000. Equitable Trust Co. grew its stake in Kroger by 4.5% during the 1st quarter. Equitable Trust Co. now owns 11,965 shares of the company’s stock worth $866,000 after buying an additional 518 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Kroger in the first quarter worth $27,000. Finally, Valued Wealth Advisors LLC increased its position in Kroger by 43.2% in the first quarter. Valued Wealth Advisors LLC now owns 849 shares of the company’s stock worth $61,000 after buying an additional 256 shares during the period. Institutional investors own 80.93% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Kroger from $73.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday, June 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $82.00 price objective on shares of Kroger in a research note on Friday, June 19th. Citigroup dropped their target price on Kroger from $71.00 to $61.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price target on shares of Kroger in a research note on Wednesday, June 3rd. Finally, UBS Group set a $63.00 price objective on Kroger and gave the stock a “neutral” rating in a research note on Monday, June 22nd. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kroger presently has an average rating of “Moderate Buy” and an average price target of $72.00.
Kroger Price Performance
KR opened at $59.40 on Tuesday. The stock has a fifty day moving average price of $62.35 and a 200 day moving average price of $65.74. The company has a current ratio of 0.79, a quick ratio of 0.39 and a debt-to-equity ratio of 2.43. The Kroger Co. has a 1 year low of $54.15 and a 1 year high of $76.58. The stock has a market cap of $36.39 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 1.62 and a beta of 0.44.
Kroger (NYSE:KR – Get Free Report) last posted its earnings results 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 net margin of 0.71% and a return on equity of 44.33%. The company had revenue of $46.12 billion for the quarter, compared to the consensus estimate of $45.59 billion. During the same quarter last year, the business earned $1.49 earnings per share. Kroger’s quarterly revenue was up 2.2% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. Analysts forecast that The Kroger Co. will post 5.21 EPS for the current fiscal year.
Kroger Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Saturday, August 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, August 14th. This is a boost from Kroger’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a dividend yield of 2.6%. Kroger’s dividend payout ratio is 82.35%.
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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