Commerzbank Aktiengesellschaft FI Buys 21,870 Shares of The Kroger Co. $KR

Commerzbank Aktiengesellschaft FI lifted its stake in The Kroger Co. (NYSE:KRFree Report) by 237.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,069 shares of the company’s stock after buying an additional 21,870 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Kroger were worth $2,095,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. SOA Wealth Advisors LLC. lifted its holdings 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 acquiring an additional 342 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Kroger in the 2nd quarter worth about $28,000. Rossby Financial LCC acquired a new stake in shares of Kroger during the 2nd quarter worth about $29,000. Whipplewood Advisors LLC lifted its holdings in Kroger by 10,425.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 417 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its position in Kroger by 87.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock valued at $32,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Stock Up 2.5%

Shares of NYSE KR opened at $64.24 on Monday. The Kroger Co. has a 52-week low of $58.32 and a 52-week high of $74.90. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.45 and a current ratio of 0.88. The stock has a market cap of $40.66 billion, a P/E ratio of 59.48, a P/E/G ratio of 1.80 and a beta of 0.61. The firm has a 50 day moving average price of $63.51 and a 200 day moving average price of $66.71.

Kroger (NYSE:KRGet Free Report) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $34.27 billion. During the same period last year, the firm posted $0.98 earnings per share. The business’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. Analysts expect that The Kroger Co. will post 4.44 EPS for the current year.

Wall Street Analysts Forecast Growth

KR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Kroger from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday, January 8th. Guggenheim reaffirmed a “buy” rating and set a $78.00 price target on shares of Kroger in a report on Wednesday, November 19th. Telsey Advisory Group reissued 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. Barclays set a $68.00 target price on Kroger and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. cut their price target on Kroger from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Kroger presently has a consensus rating of “Moderate Buy” and an average price target of $73.80.

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Kroger News Roundup

Here are the key news stories impacting Kroger this week:

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.

Further Reading

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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