Meeder Asset Management Inc. Makes New $7.51 Million Investment in The Kroger Co. $KR

Meeder Asset Management Inc. acquired a new position in The Kroger Co. (NYSE:KR – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 135,269 shares of the company’s stock, valued at approximately $7,511,000.

A number of other hedge funds have also made changes to their positions in the business. Brighton Jones LLC boosted its position in Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after purchasing an additional 3,373 shares during the period. Woodline Partners LP increased its holdings in Kroger by 40.7% in the 1st quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock valued at $3,807,000 after purchasing an additional 16,270 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Kroger in the second quarter valued at about $201,000. NewEdge Advisors LLC raised its position in Kroger by 11.5% in the second quarter. NewEdge Advisors LLC now owns 97,288 shares of the company’s stock valued at $6,978,000 after purchasing an additional 10,051 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in shares of Kroger during the second quarter worth about $1,840,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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Kroger Trading Down 1.0%

NYSE KR opened at $56.15 on Tuesday. The company has a market capitalization of $34.40 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.52 and a beta of 0.43. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.79 and a quick ratio of 0.39. The Kroger Co. has a 12 month low of $54.15 and a 12 month high of $76.58. The company’s fifty day moving average price is $58.47 and its two-hundred day moving average price is $64.88.

Kroger (NYSE:KR – Get Free Report) last released 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). The company had revenue of $46.12 billion during the quarter, compared to the consensus estimate of $45.59 billion. Kroger had a return on equity of 44.33% and a net margin of 0.71%.Kroger’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.49 EPS. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. As a group, research analysts predict that The Kroger Co. will post 5.21 earnings per share for the current fiscal year.

Kroger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Saturday, August 15th will be issued a $0.39 dividend. This is an increase from Kroger’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 14th. Kroger’s dividend payout ratio is presently 91.76%.

Key Stories Impacting Kroger

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Kroger is preparing to open a new grocery store in Lenoir City, Tennessee. The expansion could support local sales and underscores the company’s continued investment in its store network. New Kroger grocery store coming to Lenoir City

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KR. Morgan Stanley decreased their target price on Kroger from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, June 22nd. Telsey Advisory Group set a $78.00 price objective on shares of Kroger and gave the company an “outperform” rating in a research report on Monday, June 22nd. Guggenheim reiterated a “buy” rating and set a $71.00 price objective on shares of Kroger in a research note on Thursday, July 2nd. UBS Group set a $63.00 target price on shares of Kroger and gave the company a “neutral” rating in a research note on Monday, June 22nd. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Kroger in a research note on Thursday, July 2nd. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Get Our Latest Analysis on Kroger

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.

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