GWN Securities Inc. Sells 45,914 Shares of The Kroger Co. $KR

GWN Securities Inc. decreased its holdings in The Kroger Co. (NYSE:KRFree Report) by 47.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,060 shares of the company’s stock after selling 45,914 shares during the quarter. GWN Securities Inc.’s holdings in Kroger were worth $3,386,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Wealthcare Advisory Partners LLC boosted its holdings in Kroger by 1.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 8,025 shares of the company’s stock worth $576,000 after acquiring an additional 146 shares during the last quarter. PDS Planning Inc lifted its position in shares of Kroger by 2.0% during the second quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock valued at $553,000 after purchasing an additional 152 shares in the last quarter. Cairn Investment Group Inc. boosted its holdings in Kroger by 0.3% during the second quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock worth $4,225,000 after purchasing an additional 163 shares during the last quarter. Independent Wealth Network Inc. grew its position in Kroger by 0.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock worth $1,385,000 after purchasing an additional 164 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Kroger by 4.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,648 shares of the company’s stock valued at $262,000 after buying an additional 170 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

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Kroger Stock Performance

NYSE:KR opened at $61.45 on Wednesday. The company has a market capitalization of $38.89 billion, a P/E ratio of 56.90, a P/E/G ratio of 1.71 and a beta of 0.61. The business has a fifty day simple moving average of $63.78 and a two-hundred day simple moving average of $67.12. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.45. The Kroger Co. has a 1 year low of $58.12 and a 1 year high of $74.90.

Kroger (NYSE:KRGet Free Report) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. Kroger had a return on equity of 38.06% and a net margin of 0.54%.The company had revenue of $33.86 billion during the quarter, compared to the consensus estimate of $34.27 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, analysts expect that The Kroger Co. will post 4.44 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KR. Barclays set a $68.00 target price on Kroger and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Guggenheim reiterated a “buy” rating and set a $78.00 price target on shares of Kroger in a report on Wednesday, November 19th. Telsey Advisory Group restated an “outperform” rating and issued a $80.00 price objective (down previously from $82.00) on shares of Kroger in a research note on Monday, December 1st. Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Finally, Citigroup reissued a “neutral” rating and issued a $68.00 price target (down from $74.00) on shares of Kroger in a report on Wednesday, December 10th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.19.

Read Our Latest Analysis on Kroger

Kroger Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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