Diversified Trust Co Purchases 182 Shares of The Kroger Co. $KR

Diversified Trust Co raised its position in shares of The Kroger Co. (NYSE:KR) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,611 shares of the company’s stock after acquiring an additional 182 shares during the period. Diversified Trust Co’s holdings in Kroger were worth $474,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Accent Capital Management LLC bought a new stake in shares of Kroger in the first quarter valued at approximately $25,000. Garde Capital Inc. bought a new stake in shares of Kroger in the first quarter valued at approximately $31,000. Capital Analysts LLC bought a new stake in shares of Kroger in the first quarter valued at approximately $36,000. Sound Income Strategies LLC boosted its stake 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 buying an additional 175 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Kroger in the first quarter valued at approximately $38,000. 80.93% of the stock is currently owned by institutional investors.

Kroger Stock Performance

NYSE KR opened at $65.35 on Wednesday. The company has a market capitalization of $43.31 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.88 and a beta of 0.59. The Kroger Co. has a twelve month low of $54.88 and a twelve month high of $74.90. The stock has a fifty day simple moving average of $69.70 and a 200 day simple moving average of $68.99. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85.

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

Kroger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio is presently 35.53%.

Insiders Place Their Bets

In related news, EVP Mary Ellen Adcock sold 34,250 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $71.16, for a total value of $2,437,230.00. Following the completion of the sale, the executive vice president directly owned 184,473 shares in the company, valued at $13,127,098.68. This represents a 15.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Clyde R. Moore sold 3,810 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $71.61, for a total value of $272,834.10. Following the completion of the sale, the director owned 85,850 shares of the company’s stock, valued at $6,147,718.50. The trade was a 4.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,874 shares of company stock valued at $4,600,451 over the last 90 days. 0.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KR shares. UBS Group reiterated a “neutral” rating and issued a $74.00 price target (up from $66.00) on shares of Kroger in a research note on Monday, June 23rd. Jefferies Financial Group set a $83.00 target price on Kroger and gave the stock a “buy” rating in a research note on Monday, June 23rd. Argus set a $85.00 price target on shares of Kroger in a report on Thursday, September 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $75.00 price target (down from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Finally, Evercore ISI upped their price target on shares of Kroger from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.63.

About Kroger

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.