Global Retirement Partners LLC Invests $1.11 Million in The Kroger Co. $KR

Global Retirement Partners LLC acquired a new stake in The Kroger Co. (NYSE:KR) in the 2nd quarter, Holdings Channel reports. The firm acquired 19,938 shares of the company’s stock, valued at approximately $1,107,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after purchasing an additional 3,373 shares during the last quarter. Woodline Partners LP grew its position in Kroger by 40.7% in the 1st quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock worth $3,807,000 after purchasing an additional 16,270 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Kroger in the 2nd quarter worth $201,000. NewEdge Advisors LLC increased its holdings in shares of Kroger by 11.5% during the 2nd quarter. NewEdge Advisors LLC now owns 97,288 shares of the company’s stock worth $6,978,000 after purchasing an additional 10,051 shares during the period. Finally, Nebula Research & Development LLC bought a new position in shares of Kroger during the 2nd quarter worth about $1,840,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

KR has been the subject of several research reports. Morgan Stanley reduced their target price on shares of Kroger from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, June 22nd. Erste Group Bank cut Kroger from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Guggenheim reiterated a “buy” rating and issued a $71.00 price objective on shares of Kroger in a research report on Thursday, July 2nd. Citigroup decreased their price objective on Kroger from $71.00 to $61.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Finally, Telsey Advisory Group set a $78.00 price objective on Kroger and gave the company an “outperform” rating in a research report on Monday, June 22nd. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.00.

Key Headlines Impacting Kroger

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Kroger is preparing to open a new grocery store in Lenoir City, Tennessee. The expansion could support local sales and underscores the company’s continued investment in its store network. New Kroger grocery store coming to Lenoir City

Kroger Trading Down 1.0%

KR stock opened at $56.15 on Tuesday. The Kroger Co. has a 1-year low of $54.15 and a 1-year high of $76.58. The company has a current ratio of 0.79, a quick ratio of 0.39 and a debt-to-equity ratio of 2.43. The business’s 50 day moving average is $58.47 and its 200-day moving average is $64.88. The firm has a market cap of $34.40 billion, a P/E ratio of 33.03, a P/E/G ratio of 1.52 and a beta of 0.43.

Kroger (NYSE:KR) last posted its earnings results on Thursday, June 18th. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.01). The company had revenue of $46.12 billion for the quarter, compared to the consensus estimate of $45.59 billion. Kroger had a return on equity of 44.33% and a net margin of 0.71%.Kroger’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 EPS. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. Equities analysts anticipate that The Kroger Co. will post 5.21 earnings per share for the current fiscal year.

Kroger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Kroger’s previous quarterly dividend of $0.35. Kroger’s payout ratio is currently 91.76%.

Kroger Company Profile

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.