Raleigh Capital Management Inc. Sells 1,269 Shares of The Kroger Co. $KR

Raleigh Capital Management Inc. lessened its stake in shares of The Kroger Co. (NYSE:KR) by 15.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,836 shares of the company’s stock after selling 1,269 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Kroger were worth $490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. IFC Advisors LLC lifted its position in shares of Kroger by 1.7% during the 1st quarter. IFC Advisors LLC now owns 8,642 shares of the company’s stock worth $585,000 after buying an additional 142 shares during the period. Rothschild Investment LLC increased its holdings in Kroger by 2.0% during the 1st quarter. Rothschild Investment LLC now owns 8,049 shares of the company’s stock valued at $545,000 after purchasing an additional 155 shares in the last quarter. Cairn Investment Group Inc. increased its holdings in Kroger by 0.3% during the 2nd quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock valued at $4,225,000 after purchasing an additional 163 shares in the last quarter. Independent Wealth Network Inc. increased its holdings in Kroger by 0.9% during the 2nd quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock valued at $1,385,000 after purchasing an additional 164 shares in the last quarter. Finally, Gratus Wealth Advisors LLC increased its holdings in Kroger by 1.6% during the 1st quarter. Gratus Wealth Advisors LLC now owns 11,182 shares of the company’s stock valued at $757,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Kroger Stock Up 1.4%

NYSE KR opened at $66.39 on Tuesday. The stock has a fifty day moving average of $69.21 and a 200-day moving average of $69.00. The stock has a market capitalization of $44.00 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.90 and a beta of 0.60. The Kroger Co. has a 52 week low of $54.88 and a 52 week high of $74.90. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95.

Kroger (NYSE:KR) last released its earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $33.94 billion during the quarter, compared to analysts’ expectations of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, equities research analysts forecast that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Dividend Announcement

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

Insider Activity at Kroger

In related news, Director Clyde R. Moore sold 3,810 shares of Kroger stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $71.61, for a total transaction of $272,834.10. Following the completion of the sale, the director directly owned 85,850 shares of the company’s stock, valued at $6,147,718.50. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KR shares. Jefferies Financial Group set a $83.00 price target on Kroger and gave the company a “buy” rating in a report on Monday, June 23rd. 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. Morgan Stanley set a $76.00 price target on Kroger and gave the company an “equal weight” rating in a report on Monday, June 23rd. Argus set a $85.00 price target on Kroger in a report on Thursday, September 18th. 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 research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.63.

Kroger Company 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.