The Kroger Co. $KR Shares Newly Purchased by National Wealth Management Group LLC

National Wealth Management Group LLC purchased a new stake in The Kroger Co. (NYSE:KR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,392 shares of the company’s stock, valued at approximately $668,000.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in Kroger during the 2nd quarter valued at approximately $3,016,956,000. Legal & General Group Plc acquired a new stake in Kroger in the 2nd quarter valued at approximately $284,501,000. Bank of New York Mellon Corp bought a new position in Kroger in the 2nd quarter worth approximately $195,234,000. Nykredit A S bought a new position in Kroger in the 2nd quarter worth approximately $157,533,000. Finally, Deutsche Bank AG bought a new position in Kroger in the 2nd quarter worth approximately $119,723,000. 80.93% of the stock is currently owned by institutional investors.

Kroger Price Performance

Shares of Kroger stock opened at $66.79 on Tuesday. The firm has a market cap of $39.44 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 1.88 and a beta of 0.36. The firm’s 50-day simple moving average is $59.67 and its 200-day simple moving average is $63.45. The Kroger Co. has a twelve month low of $54.15 and a twelve month high of $76.58. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.31 and a current ratio of 0.70.

Kroger (NYSE:KR) last posted its quarterly earnings results on Friday, September 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. The firm had revenue of $34.62 billion during the quarter, compared to analyst estimates of $34.64 billion. Kroger had a net margin of 0.73% and a return on equity of 49.90%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. As a group, research analysts expect that The Kroger Co. will post 5.20 EPS for the current fiscal year.

Kroger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, November 16th. Kroger’s dividend payout ratio is currently 84.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Kroger in a research report on Monday, September 14th. Citigroup reissued a “neutral” rating and set a $57.00 price objective (down from $61.00) on shares of Kroger in a report on Tuesday, September 1st. Telsey Advisory Group lowered their price objective on Kroger from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Monday, September 14th. Wall Street Zen upgraded Kroger from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Evercore set a $70.00 target price on Kroger in a research report on Monday, September 14th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.35.

Insider Buying and Selling at Kroger

In other news, EVP Mary Adcock sold 72,901 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $60.70, for a total value of $4,425,090.70. Following the completion of the transaction, the executive vice president directly owned 175,233 shares of the company’s stock, valued at approximately $10,636,643.10. This represents a 29.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

About Kroger

The Kroger Co is a U.S. food and grocery retailer headquartered in Cincinnati, Ohio. Founded by Bernard Kroger in 1883, the company operates supermarkets under banners that include Kroger, Ralphs, Fred Meyer, King Soopers, Fry’s, Harris Teeter and Smith’s, among others.

Kroger’s business includes the sale of fresh food, groceries, general merchandise, household products and health and beauty items. Many of its stores also provide pharmacy services and fuel centers. The company offers digital shopping, pickup and delivery services, loyalty programs and a range of private-label products, including Simple Truth, Private Selection and Kroger-branded products.

Kroger primarily serves customers across the United States, with stores concentrated in the Midwest, South, West and parts of the Mid-Atlantic region.