Checchi Capital Advisers LLC Has $500,000 Stock Position in The Kroger Co. $KR

Checchi Capital Advisers LLC lessened its stake in shares of The Kroger Co. (NYSE:KR) by 3.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,976 shares of the company’s stock after selling 251 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Kroger were worth $500,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after acquiring an additional 3,373 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of Kroger by 9.8% during the first quarter. Wedmont Private Capital now owns 8,472 shares of the company’s stock valued at $578,000 after purchasing an additional 755 shares in the last quarter. KMG Fiduciary Partners LLC bought a new stake in shares of Kroger during the first quarter worth about $207,000. Park Avenue Securities LLC increased its stake in shares of Kroger by 10.4% in the first quarter. Park Avenue Securities LLC now owns 36,516 shares of the company’s stock valued at $2,472,000 after buying an additional 3,441 shares during the period. Finally, Outlook Wealth Advisors LLC bought a new position in Kroger in the 1st quarter valued at approximately $659,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Clyde R. Moore sold 26,814 shares of the business’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $70.50, for a total transaction of $1,890,387.00. Following the transaction, the director owned 99,143 shares in the company, valued at $6,989,581.50. The trade was a 21.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Roth Mkm raised shares of Kroger from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. Barclays started coverage on shares of Kroger in a research note on Monday, July 21st. They issued an “equal weight” rating and a $75.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a research report on Monday, June 23rd. Guggenheim reiterated a “buy” rating and issued a $78.00 price target on shares of Kroger in a research report on Friday, September 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kroger in a research report on Saturday, September 27th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.63.

Kroger Stock Performance

KR stock opened at $64.83 on Tuesday. The firm has a market cap of $42.96 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.93 and a beta of 0.57. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85. The stock has a 50-day moving average price of $68.66 and a 200-day moving average price of $69.03. The Kroger Co. has a 1-year low of $54.88 and a 1-year high of $74.90.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, equities research analysts expect that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. Kroger’s payout ratio is currently 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.