The Kroger Co. $KR Shares Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC increased its stake in shares of The Kroger Co. (NYSE:KR) by 17.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,495 shares of the company’s stock after buying an additional 10,121 shares during the quarter. Kroger comprises approximately 0.8% of Beverly Hills Private Wealth LLC’s holdings, making the stock its 24th largest position. Beverly Hills Private Wealth LLC’s holdings in Kroger were worth $4,617,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new stake in shares of Kroger during the second quarter valued at approximately $28,000. Rossby Financial LCC acquired a new stake in Kroger in the 2nd quarter valued at approximately $29,000. Whipplewood Advisors LLC raised its stake 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 acquiring an additional 417 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in Kroger by 87.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock worth $32,000 after acquiring an additional 208 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Kroger in the second quarter worth $33,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Kroger in a report on Monday, February 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $80.00 price target on shares of Kroger in a research note on Monday, February 9th. UBS Group reiterated a “neutral” rating and set a $70.00 price target (down from $74.00) on shares of Kroger in a research report on Friday, December 5th. Citigroup reissued a “neutral” rating and issued a $68.00 price objective (down previously from $74.00) on shares of Kroger in a research note on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft raised Kroger from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Kroger presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.07.

Kroger Price Performance

NYSE KR opened at $67.67 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $42.83 billion, a PE ratio of 62.66, a price-to-earnings-growth ratio of 1.75 and a beta of 0.62. The Kroger Co. has a 12-month low of $58.60 and a 12-month high of $74.90. The company has a 50 day moving average price of $64.00 and a two-hundred day moving average price of $66.15.

Kroger (NYSE:KR) last posted its earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $33.86 billion for 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%.The business’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. 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 earnings per share for the current fiscal year.

Kroger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors 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 dividend on an annualized basis and a yield of 2.1%. Kroger’s payout ratio is presently 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.