True North Advisors LLC Has $2.79 Million Position in The Kroger Co. $KR

True North Advisors LLC cut its holdings in The Kroger Co. (NYSE:KR) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,925 shares of the company’s stock after selling 4,192 shares during the quarter. True North Advisors LLC’s holdings in Kroger were worth $2,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Meyer Handelman Co. increased its stake in shares of Kroger by 40.1% in the second quarter. Meyer Handelman Co. now owns 95,714 shares of the company’s stock valued at $6,866,000 after buying an additional 27,378 shares in the last quarter. Dakota Wealth Management acquired a new stake in shares of Kroger in the second quarter valued at $906,000. Plancorp LLC acquired a new stake in shares of Kroger in the second quarter valued at $203,000. TD Private Client Wealth LLC increased its stake in shares of Kroger by 28.5% in the second quarter. TD Private Client Wealth LLC now owns 4,697 shares of the company’s stock valued at $337,000 after buying an additional 1,042 shares in the last quarter. Finally, Sara Bay Financial acquired a new stake in shares of Kroger in the second quarter valued at $204,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KR. Telsey Advisory Group restated an “outperform” rating and issued a $82.00 target price on shares of Kroger in a research note on Thursday, September 11th. Wall Street Zen cut Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 21st. Evercore ISI raised their price target on Kroger from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and raised their price target for the company from $66.00 to $75.00 in a report on Wednesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Kroger from $57.00 to $67.00 and gave the company a “hold” rating in a report on Monday, June 23rd. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $73.63.

Kroger Price Performance

Shares of KR opened at $65.51 on Friday. 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 Kroger Co. has a 1 year low of $54.88 and a 1 year high of $74.90. The stock has a market cap of $43.41 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.59. The stock’s 50-day moving average price is $69.44 and its two-hundred day moving average price is $68.96.

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. On average, equities analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued 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 2.1%. Kroger’s dividend payout ratio (DPR) is 35.53%.

Insider Transactions at Kroger

In other Kroger news, Director Clyde R. Moore sold 26,814 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $70.50, for a total transaction of $1,890,387.00. Following the transaction, the director owned 99,143 shares in the company, valued at approximately $6,989,581.50. This trade represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.44% of the company’s stock.

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.