The Kroger Co. $KR Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in The Kroger Co. (NYSE:KR) by 68.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,297 shares of the company’s stock after selling 51,077 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Kroger were worth $1,671,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KR. Monument Capital Management purchased a new stake in Kroger during the 2nd quarter worth approximately $2,901,000. Advocate Group LLC lifted its holdings in Kroger by 16.6% in the second quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock valued at $8,707,000 after acquiring an additional 17,284 shares during the last quarter. Bessemer Group Inc. lifted its stake in Kroger by 1.7% during the first quarter. Bessemer Group Inc. now owns 12,545 shares of the company’s stock worth $850,000 after purchasing an additional 213 shares in the last quarter. Diversified Trust Co lifted its stake in Kroger by 3.7% during the first quarter. Diversified Trust Co now owns 6,429 shares of the company’s stock worth $435,000 after purchasing an additional 229 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its stake in Kroger by 8.1% during the second quarter. Sowell Financial Services LLC now owns 51,805 shares of the company’s stock worth $3,716,000 after purchasing an additional 3,869 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Price Performance

KR stock opened at $69.13 on Friday. The firm has a 50 day moving average of $68.04 and a 200-day moving average of $69.11. The Kroger Co. has a 12-month low of $55.60 and a 12-month high of $74.90. 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 company has a market cap of $45.81 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 2.00 and a beta of 0.57.

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

Kroger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 35.53%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KR. Roth Capital upgraded Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $82.00 target price on shares of Kroger in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a research note on Monday, June 23rd. Finally, Argus set a $85.00 target price on shares of Kroger in a research note on Thursday, September 18th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.50.

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.