Gerald Baker Financial Group LLC Invests $1.25 Million in The Kroger Co. $KR

Gerald Baker Financial Group LLC acquired a new stake in shares of The Kroger Co. (NYSE:KRFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,302 shares of the company’s stock, valued at approximately $1,252,000.

Several other hedge funds have also made changes to their positions in KR. Whipplewood Advisors LLC bought a new position in Kroger during the first quarter valued at about $27,000. Ares Financial Consulting LLC bought a new stake in shares of Kroger in the 4th quarter worth approximately $25,000. MV Capital Management Inc. bought a new stake in shares of Kroger in the 4th quarter worth approximately $26,000. Princeton Global Asset Management LLC grew its holdings in shares of Kroger by 268.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 416 shares of the company’s stock worth $26,000 after purchasing an additional 303 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Kroger during the 1st quarter worth approximately $33,000. Institutional investors own 80.93% of the company’s stock.

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Kroger Stock Performance

NYSE:KR opened at $58.58 on Friday. The stock has a market capitalization of $35.89 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 1.52 and a beta of 0.44. 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 firm has a 50 day moving average of $61.83 and a 200-day moving average of $65.63.

Kroger (NYSE:KRGet Free Report) last released its quarterly earnings results on Thursday, June 18th. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.01). Kroger had a return on equity of 44.33% and a net margin of 0.71%.The business 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 company earned $1.49 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. As a group, sell-side analysts anticipate that The Kroger Co. will post 5.21 EPS for the current fiscal year.

Kroger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be issued a dividend of $0.39 per share. 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 2.7%. Kroger’s dividend payout ratio (DPR) is currently 82.35%.

Analysts Set New Price Targets

A number of brokerages recently commented on KR. Wall Street Zen lowered Kroger from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Telsey Advisory Group set a $78.00 price target on shares of Kroger and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Guggenheim reissued a “buy” rating and issued a $71.00 price target on shares of Kroger in a report on Thursday, July 2nd. Barclays set a $61.00 price objective on shares of Kroger and gave the company an “equal weight” rating in a research note on Monday, June 22nd. Finally, Wells Fargo & Company set a $58.00 price objective on shares of Kroger in a report on Monday, June 22nd. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Kroger has an average rating of “Moderate Buy” and a consensus target price of $72.00.

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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.

See Also

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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