The Kroger Co. $KR Stock Holdings Cut by Florida Trust Wealth Management Co

Florida Trust Wealth Management Co reduced its position in shares of The Kroger Co. (NYSE:KRFree Report) by 48.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,429 shares of the company’s stock after selling 8,963 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Kroger were worth $589,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bank of Nova Scotia boosted its stake in shares of Kroger by 102.5% during the 2nd quarter. Bank of Nova Scotia now owns 168,395 shares of the company’s stock worth $12,079,000 after acquiring an additional 85,223 shares in the last quarter. CWM LLC boosted its stake in shares of Kroger by 43.4% during the 3rd quarter. CWM LLC now owns 72,244 shares of the company’s stock worth $4,870,000 after acquiring an additional 21,876 shares in the last quarter. Liberty One Investment Management LLC boosted 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Kroger by 45.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 855,810 shares of the company’s stock worth $57,690,000 after acquiring an additional 267,434 shares in the last quarter. Finally, Mediolanum International Funds Ltd boosted its stake in shares of Kroger by 401.3% during the 3rd quarter. Mediolanum International Funds Ltd now owns 19,470 shares of the company’s stock worth $1,293,000 after acquiring an additional 15,586 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Kroger Trading Up 0.8%

Shares of KR opened at $72.96 on Tuesday. The Kroger Co. has a 12-month low of $58.60 and a 12-month high of $76.58. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $44.69 billion, a price-to-earnings ratio of 47.68, a P/E/G ratio of 1.92 and a beta of 0.55. The stock’s 50-day moving average price is $69.84 and its 200 day moving average price is $66.57.

Kroger (NYSE:KRGet Free Report) last issued its quarterly earnings results on Thursday, March 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.08. Kroger had a return on equity of 41.08% and a net margin of 0.69%.The firm had revenue of $34.73 billion for the quarter, compared to analyst estimates of $35.10 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. As a group, research analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, May 15th. Kroger’s payout ratio is currently 91.50%.

Analysts Set New Price Targets

KR has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Kroger in a research note on Friday, March 27th. Jefferies Financial Group restated a “buy” rating and issued a $82.00 target price on shares of Kroger in a report on Thursday, March 5th. BMO Capital Markets restated a “market perform” rating and issued a $70.00 target price on shares of Kroger in a report on Thursday, March 5th. Wells Fargo & Company lowered Kroger from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $70.00 to $68.00 in a report on Wednesday, February 25th. Finally, Wolfe Research reiterated an “outperform” rating and set a $75.00 price objective on shares of Kroger in a report on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.56.

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About Kroger

(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.

Further Reading

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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