Federated Hermes Inc. Has $29.75 Million Position in The Kroger Co. $KR

Federated Hermes Inc. cut its holdings in The Kroger Co. (NYSE:KR) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 441,291 shares of the company’s stock after selling 55,802 shares during the quarter. Federated Hermes Inc. owned approximately 0.07% of Kroger worth $29,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KR. SOA Wealth Advisors LLC. grew its stake in shares of Kroger by 6,840.0% during the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after purchasing an additional 342 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Kroger in the 2nd quarter valued at $28,000. Rossby Financial LCC acquired a new stake in shares of Kroger in the 2nd quarter valued at $29,000. Whipplewood Advisors LLC raised its position in shares of Kroger by 10,425.0% during the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after acquiring an additional 417 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of Kroger by 87.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock valued at $32,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KR. Barclays set a $68.00 price objective on Kroger and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Guggenheim reissued a “buy” rating and set a $78.00 price target on shares of Kroger in a research note on Wednesday, November 19th. JPMorgan Chase & Co. reduced their price objective on shares of Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. UBS Group reiterated a “neutral” rating and set a $70.00 target price (down previously from $74.00) on shares of Kroger in a research report on Friday, December 5th. Finally, Wall Street Zen downgraded Kroger from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.80.

Kroger Stock Up 1.7%

Shares of Kroger stock opened at $62.82 on Friday. The company has a market capitalization of $39.75 billion, a P/E ratio of 58.16, a price-to-earnings-growth ratio of 1.73 and a beta of 0.61. 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 business has a 50-day moving average of $63.09 and a two-hundred day moving average of $66.46. The Kroger Co. has a 1 year low of $58.60 and a 1 year high of $74.90.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The business had revenue of $33.86 billion during the quarter, compared to analyst estimates of $34.27 billion. Kroger had a return on equity of 38.06% and a net margin of 0.54%.Kroger’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. As a group, equities analysts predict that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Profile

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.