The Kroger Co. $KR Shares Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC raised its holdings in The Kroger Co. (NYSE:KR) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,645 shares of the company’s stock after purchasing an additional 492 shares during the quarter. Belpointe Asset Management LLC’s holdings in Kroger were worth $518,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in Kroger in the first quarter valued at $25,000. Garde Capital Inc. acquired a new position in Kroger in the first quarter valued at $31,000. Capital Analysts LLC purchased a new stake in shares of Kroger in the first quarter valued at about $36,000. Sound Income Strategies LLC boosted its holdings in shares of Kroger by 46.7% in the first quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Kroger in the first quarter valued at about $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Stock Performance

Shares of KR opened at $68.38 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.53 and a debt-to-equity ratio of 1.85. The stock has a market cap of $45.19 billion, a P/E ratio of 17.35, a PEG ratio of 2.14 and a beta of 0.59. The company has a 50-day moving average of $70.39 and a two-hundred day moving average of $68.89. The Kroger Co. has a 12-month low of $54.51 and a 12-month high of $74.90.

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

Kroger Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 15th were given a $0.35 dividend. This is a boost from Kroger’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 15th. Kroger’s dividend payout ratio (DPR) is presently 35.53%.

Wall Street Analyst Weigh In

KR has been the topic of several analyst reports. Melius Research raised shares of Kroger from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 20th. Melius raised shares of Kroger from a “sell” rating to a “hold” rating and set a $70.00 target price on the stock in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kroger from $57.00 to $67.00 and gave the company a “hold” rating in a report on Monday, June 23rd. Roth Capital lifted their target price on shares of Kroger from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $75.00 target price (down previously from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Seven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kroger has a consensus rating of “Hold” and a consensus target price of $70.58.

Insiders Place Their Bets

In other news, EVP Gabriel Arreaga sold 37,960 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $72.44, for a total value of $2,749,822.40. Following the completion of the transaction, the executive vice president owned 75,218 shares of the company’s stock, valued at $5,448,791.92. The trade was a 33.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mary Ellen Adcock sold 34,250 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $71.16, for a total transaction of $2,437,230.00. Following the completion of the transaction, the executive vice president directly owned 184,473 shares of the company’s stock, valued at approximately $13,127,098.68. This represents a 15.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,948 shares of company stock valued at $14,422,926. 0.44% of the stock is currently owned by insiders.

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.