Envestnet Asset Management Inc. Has $58.69 Million Position in The Kroger Co. $KR

Envestnet Asset Management Inc. boosted its position in The Kroger Co. (NYSE:KR) by 8.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 818,239 shares of the company’s stock after buying an additional 66,394 shares during the period. Envestnet Asset Management Inc.’s holdings in Kroger were worth $58,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KR. Accent Capital Management LLC acquired a new stake in shares of Kroger during the first quarter worth $25,000. SOA Wealth Advisors LLC. increased its position in Kroger by 6,840.0% during the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after acquiring an additional 342 shares during the period. Whipplewood Advisors LLC increased its position in Kroger by 10,425.0% during the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after acquiring an additional 417 shares during the period. Capital Analysts LLC acquired a new stake in Kroger in the 1st quarter worth about $36,000. Finally, GKV Capital Management Co. Inc. bought a new stake in Kroger in the 1st quarter valued at about $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KR shares. Argus set a $85.00 target price on shares of Kroger in a report on Thursday, September 18th. Telsey Advisory Group reissued an “outperform” rating and set a $82.00 price target on shares of Kroger in a research report on Thursday, September 11th. JPMorgan Chase & Co. restated a “neutral” rating and set a $75.00 price objective (down previously from $82.00) on shares of Kroger in a research note on Wednesday, August 20th. Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $75.00 in a report on Wednesday, September 17th. Finally, Evercore ISI cut their target price on Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

Kroger Trading Down 2.8%

Shares of KR opened at $63.57 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. The Kroger Co. has a 52-week low of $55.69 and a 52-week high of $74.90. The firm has a market cap of $42.13 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.92 and a beta of 0.57. The business’s fifty day moving average is $67.27 and its 200-day 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 for the quarter, beating the consensus estimate of $1.00 by $0.04. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The business had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. During the same period last year, the firm posted $0.93 earnings per share. Kroger’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. Equities analysts anticipate that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

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 paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 35.53%.

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.