Altus Wealth Group LLC Has $599,000 Stock Holdings in The Kroger Co. $KR

Altus Wealth Group LLC raised its holdings in The Kroger Co. (NYSE:KR) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,357 shares of the company’s stock after acquiring an additional 575 shares during the quarter. Altus Wealth Group LLC’s holdings in Kroger were worth $599,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KR. Brighton Jones LLC lifted its stake in Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after acquiring an additional 3,373 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Kroger by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 25,209 shares of the company’s stock worth $1,706,000 after purchasing an additional 2,347 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Kroger by 8.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 307,790 shares of the company’s stock worth $20,834,000 after purchasing an additional 24,849 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Kroger by 228.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 74,374 shares of the company’s stock worth $5,034,000 after purchasing an additional 51,708 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Kroger by 15.2% in the 1st quarter. Blue Trust Inc. now owns 5,054 shares of the company’s stock worth $342,000 after purchasing an additional 667 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Stock Performance

KR opened at $69.13 on Monday. The stock has a market cap of $45.81 billion, a PE ratio of 17.55, a P/E/G ratio of 2.01 and a beta of 0.57. 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 $55.60 and a 1 year high of $74.90. The stock’s 50 day simple moving average is $68.04 and its 200-day simple moving average is $69.11.

Kroger (NYSE:KR) last released its quarterly earnings data 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. The business had revenue of $33.94 billion for 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%.Kroger’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Sell-side analysts forecast that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. Kroger’s payout ratio is currently 35.53%.

Wall Street Analysts Forecast Growth

KR has been the subject of several analyst reports. Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $75.00 price target (down from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Barclays assumed coverage on Kroger in a report on Monday, July 21st. They set an “equal weight” rating and a $75.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Kroger from a “buy” rating to a “strong-buy” rating in a report on Saturday. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.