Mirae Asset Global Investments Co. Ltd. Has $8.76 Million Stock Position in The Kroger Co. $KR

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of The Kroger Co. (NYSE:KR) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 130,012 shares of the company’s stock after purchasing an additional 10,570 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kroger were worth $8,764,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after buying an additional 3,373 shares in the last quarter. Woodline Partners LP lifted its stake in Kroger by 40.7% in the first quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock valued at $3,807,000 after acquiring an additional 16,270 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Kroger in the 2nd quarter valued at about $201,000. Janney Montgomery Scott LLC grew its position in shares of Kroger by 15.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 159,309 shares of the company’s stock valued at $11,427,000 after acquiring an additional 20,912 shares during the period. Finally, HB Wealth Management LLC increased its stake in shares of Kroger by 15.0% during the 2nd quarter. HB Wealth Management LLC now owns 16,088 shares of the company’s stock worth $1,154,000 after purchasing an additional 2,099 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Kroger Stock Performance

Shares of NYSE KR opened at $62.82 on Friday. 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 firm has a market cap of $39.75 billion, a price-to-earnings ratio of 58.16, a P/E/G ratio of 1.73 and a beta of 0.61. The stock’s fifty day moving average price is $63.09 and its two-hundred day moving average price is $66.43. The Kroger Co. has a one year low of $58.60 and a one year high of $74.90.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Kroger in a research note on Monday, December 29th. Evercore ISI set a $77.00 price objective on Kroger and gave the company an “outperform” rating in a research note on Friday, December 5th. JPMorgan Chase & Co. reduced their target price on Kroger from $73.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Telsey Advisory Group reissued an “outperform” rating and set a $80.00 target price (down from $82.00) on shares of Kroger in a report on Monday, December 1st. Finally, Wall Street Zen downgraded Kroger from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.80.

Kroger Company 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.