Assetmark Inc. Has $1.11 Million Stake in The Kroger Co. $KR

Assetmark Inc. lowered its holdings in The Kroger Co. (NYSE:KR) by 35.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,435 shares of the company’s stock after selling 8,873 shares during the quarter. Assetmark Inc.’s holdings in Kroger were worth $1,108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Nova Scotia lifted its stake in Kroger by 102.5% in the second quarter. Bank of Nova Scotia now owns 168,395 shares of the company’s stock valued at $12,079,000 after purchasing an additional 85,223 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in Kroger by 2,313.4% in the second quarter. Y Intercept Hong Kong Ltd now owns 138,915 shares of the company’s stock worth $9,964,000 after buying an additional 133,159 shares during the last quarter. CWM LLC raised its stake in shares of Kroger by 43.4% in the third quarter. CWM LLC now owns 72,244 shares of the company’s stock valued at $4,870,000 after buying an additional 21,876 shares during the period. AdvisorShares Investments LLC purchased a new position in shares of Kroger during the 2nd quarter valued at $480,000. Finally, Liberty One Investment Management LLC grew its stake in shares of Kroger by 85.0% during the 3rd quarter. Liberty One Investment Management LLC now owns 857,667 shares of the company’s stock worth $57,828,000 after acquiring an additional 394,060 shares during the period. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

KR has been the topic of a number of research reports. Guggenheim restated a “buy” rating and issued a $78.00 price objective on shares of Kroger in a research note on Tuesday, February 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Kroger in a research note on Monday, February 9th. UBS Group restated a “neutral” rating and set a $70.00 price target (down from $74.00) on shares of Kroger in a research note on Friday, December 5th. Morgan Stanley set a $67.00 price objective on shares of Kroger and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $70.00 target price (down previously from $78.00) on shares of Kroger in a report on Thursday, December 4th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Kroger has a consensus rating of “Moderate Buy” and an average target price of $74.07.

Kroger Price Performance

Shares of NYSE KR opened at $66.30 on Friday. The stock’s 50-day simple moving average is $64.06 and its two-hundred day simple moving average is $66.12. The Kroger Co. has a twelve month low of $58.60 and a twelve month high of $74.90. The firm has a market capitalization of $41.96 billion, a P/E ratio of 61.39, a P/E/G ratio of 1.72 and a beta of 0.62. The company has a quick ratio of 0.45, a current ratio of 0.88 and a debt-to-equity ratio of 2.28.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. The company 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 revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. As a group, equities analysts anticipate that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.40 annualized dividend and a yield of 2.1%. Kroger’s dividend payout ratio is currently 129.63%.

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.