Carnegie Investment Counsel Sells 170 Shares of The Kroger Co. $KR

Carnegie Investment Counsel cut its holdings in shares of The Kroger Co. (NYSE:KR) by 4.6% during the 2nd quarter, Holdings Channel reports. The firm owned 3,555 shares of the company’s stock after selling 170 shares during the period. Carnegie Investment Counsel’s holdings in Kroger were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in KR. IFC Advisors LLC boosted 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 acquiring an additional 142 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Kroger by 1.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 8,025 shares of the company’s stock worth $576,000 after acquiring an additional 146 shares in the last quarter. PDS Planning Inc boosted its position in shares of Kroger by 2.0% during the 2nd quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock worth $553,000 after acquiring an additional 152 shares in the last quarter. Cairn Investment Group Inc. boosted its position in shares of Kroger by 0.3% during the 2nd quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock worth $4,225,000 after acquiring an additional 163 shares in the last quarter. Finally, Independent Wealth Network Inc. boosted its position in shares of Kroger by 0.9% during the 2nd quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock worth $1,385,000 after acquiring an additional 164 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Kroger Price Performance

Shares of NYSE KR opened at $67.09 on Monday. The Kroger Co. has a twelve month low of $55.60 and a twelve month high of $74.90. The firm has a fifty day simple moving average of $67.72 and a 200 day simple moving average of $69.17. The company has a market capitalization of $44.46 billion, a PE ratio of 17.03, a P/E/G ratio of 1.95 and a beta of 0.57. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, topping 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 business had revenue of $33.94 billion during the quarter, compared to the consensus estimate of $34.08 billion. During the same quarter last year, the firm earned $0.93 earnings per share. Kroger’s quarterly revenue was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, sell-side analysts forecast that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on KR. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a research report on Saturday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $75.00 price target (down previously from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Barclays started coverage on shares of Kroger in a research report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price on the stock. Guggenheim restated a “buy” rating and issued a $78.00 target price on shares of Kroger in a research report on Friday, September 12th. Finally, Argus set a $85.00 target price on shares of Kroger in a research report on Thursday, September 18th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Kroger presently has an average rating of “Moderate Buy” and an average target price of $74.50.

About Kroger

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.