iA Global Asset Management Inc. Grows Stock Position in The Kroger Co. $KR

iA Global Asset Management Inc. boosted its holdings in The Kroger Co. (NYSE:KRFree Report) by 51.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,479 shares of the company’s stock after acquiring an additional 23,835 shares during the period. iA Global Asset Management Inc.’s holdings in Kroger were worth $4,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. grew its position in shares of Kroger by 6,840.0% in the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after purchasing an additional 342 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Kroger in the 2nd quarter valued at approximately $28,000. Rossby Financial LCC acquired a new stake in Kroger during the 2nd quarter valued at $29,000. 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 buying an additional 417 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in shares of Kroger by 87.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock worth $32,000 after acquiring an additional 208 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Key Stories Impacting Kroger

Here are the key news stories impacting Kroger this week:

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KR. UBS Group reaffirmed a “neutral” rating and set a $70.00 price objective (down previously from $74.00) on shares of Kroger in a research note on Friday, December 5th. JPMorgan Chase & Co. reduced their target price on shares of Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday, January 8th. Barclays set a $68.00 price objective on shares of Kroger and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $80.00 target price (down previously from $82.00) on shares of Kroger in a research report on Monday, December 1st. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

View Our Latest Stock Analysis on KR

Kroger Price Performance

KR opened at $64.24 on Friday. The Kroger Co. has a 1 year low of $58.32 and a 1 year high of $74.90. The company’s 50 day simple moving average is $63.51 and its 200 day simple moving average is $66.75. The stock has a market capitalization of $40.66 billion, a PE ratio of 59.48, a P/E/G ratio of 1.76 and a beta of 0.61. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.45 and a current ratio of 0.88.

Kroger (NYSE:KRGet Free Report) last issued its quarterly earnings results on Thursday, December 4th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. The firm had revenue of $33.86 billion during the quarter, compared to analyst estimates of $34.27 billion. Kroger had a net margin of 0.54% and a return on equity of 38.06%. Kroger’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. As a group, sell-side analysts expect that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Company Profile

(Free Report)

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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