The Kroger Co. $KR Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in The Kroger Co. (NYSE:KR) by 0.3% in the second quarter, HoldingsChannel reports. The firm owned 1,382,844 shares of the company’s stock after selling 4,049 shares during the quarter. Rhumbline Advisers’ holdings in Kroger were worth $99,191,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. AlphaCore Capital LLC grew its position in shares of Kroger by 9.9% during the second quarter. AlphaCore Capital LLC now owns 2,380 shares of the company’s stock worth $171,000 after buying an additional 215 shares in the last quarter. Mufg Securities Americas Inc. lifted its stake in Kroger by 15.2% in the second quarter. Mufg Securities Americas Inc. now owns 13,576 shares of the company’s stock worth $974,000 after acquiring an additional 1,792 shares during the last quarter. AXQ Capital LP acquired a new position in Kroger during the 2nd quarter worth approximately $1,842,000. Journey Strategic Wealth LLC purchased a new stake in shares of Kroger in the 2nd quarter valued at approximately $328,000. Finally, Franklin Resources Inc. increased its position in shares of Kroger by 7.9% in the 2nd quarter. Franklin Resources Inc. now owns 4,126,866 shares of the company’s stock valued at $296,028,000 after purchasing an additional 300,784 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. 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. Argus set a $85.00 price target on Kroger in a report on Thursday, September 18th. Guggenheim reaffirmed a “buy” rating and set a $78.00 price objective on shares of Kroger in a research report on Wednesday. Evercore ISI dropped their price objective on Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Finally, Roth Capital upgraded Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kroger presently has an average rating of “Moderate Buy” and an average target price of $74.50.

Kroger Price Performance

Shares of NYSE KR opened at $66.05 on Friday. The stock has a market cap of $43.77 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.92 and a beta of 0.55. The Kroger Co. has a twelve month low of $57.69 and a twelve month high of $74.90. The stock has a 50 day moving average of $66.43 and a two-hundred day moving average of $68.45. The company has a current ratio of 0.95, a quick ratio of 0.54 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 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 business had revenue of $33.94 billion for the quarter, compared to analysts’ expectations of $34.08 billion. During the same period in the previous year, the company posted $0.93 EPS. The company’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, research analysts forecast that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Dividend Announcement

The firm 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 dividend of $0.35 per share. The ex-dividend date is Friday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. Kroger’s dividend payout ratio is 35.53%.

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.