Coldstream Capital Management Inc. Raises Position in The Kroger Co. $KR

Coldstream Capital Management Inc. grew its holdings in shares of The Kroger Co. (NYSE:KR) by 151.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,929 shares of the company’s stock after acquiring an additional 28,901 shares during the period. Coldstream Capital Management Inc.’s holdings in Kroger were worth $3,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Kroger by 61.1% during the third quarter. Wellington Management Group LLP now owns 33,367,551 shares of the company’s stock valued at $2,249,307,000 after purchasing an additional 12,652,261 shares in the last quarter. Norges Bank purchased a new stake in Kroger in the second quarter worth about $518,267,000. Allianz Asset Management GmbH raised its stake in shares of Kroger by 66.6% in the third quarter. Allianz Asset Management GmbH now owns 5,255,084 shares of the company’s stock worth $354,245,000 after buying an additional 2,100,444 shares during the period. Worldquant Millennium Advisors LLC raised its stake in shares of Kroger by 299.6% in the second quarter. Worldquant Millennium Advisors LLC now owns 2,420,495 shares of the company’s stock worth $173,622,000 after buying an additional 1,814,721 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of Kroger by 95.6% during the 2nd quarter. Raymond James Financial Inc. now owns 2,434,663 shares of the company’s stock valued at $174,638,000 after buying an additional 1,190,127 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Kroger from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, January 8th. Evercore set a $77.00 price target on shares of Kroger and gave the company an “outperform” rating in a report on Friday, December 5th. Wall Street Zen lowered shares of Kroger from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Wells Fargo & Company cut shares of Kroger from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $70.00 to $68.00 in a research note on Wednesday, February 25th. Finally, Roth Mkm restated a “buy” rating and set a $78.00 price objective (up from $75.00) on shares of Kroger in a research report on Friday, March 6th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $74.56.

Kroger Stock Down 1.2%

Shares of KR stock opened at $73.26 on Thursday. The stock has a market cap of $46.36 billion, a P/E ratio of 47.88, a PEG ratio of 1.97 and a beta of 0.62. The Kroger Co. has a 52 week low of $58.60 and a 52 week 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 company’s fifty day simple moving average is $67.24 and its two-hundred day simple moving average is $66.14.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, March 5th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.20 by $0.08. Kroger had a net margin of 0.69% and a return on equity of 41.08%. The business had revenue of $34.73 billion during the quarter, compared to the consensus estimate of $35.10 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. Analysts predict that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued 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 dividend payout ratio (DPR) is currently 91.50%.

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.