Financial Planning Hawaii Inc. purchased a new stake in shares of The Kroger Co. (NYSE:KR – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,975 shares of the company’s stock, valued at approximately $811,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased 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 acquiring an additional 12,652,261 shares during the last quarter. State Street Corp increased its position in shares of Kroger by 1.2% during the 3rd quarter. State Street Corp now owns 31,948,112 shares of the company’s stock valued at $2,153,622,000 after purchasing an additional 386,503 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Kroger by 15.8% in the 3rd quarter. Invesco Ltd. now owns 6,327,182 shares of the company’s stock worth $426,515,000 after purchasing an additional 865,559 shares during the period. Allianz Asset Management GmbH boosted its holdings 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 last quarter. Finally, Nordea Investment Management AB grew its position in Kroger by 11.2% during the fourth quarter. Nordea Investment Management AB now owns 5,204,987 shares of the company’s stock valued at $325,728,000 after buying an additional 524,768 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have weighed in on KR shares. Evercore set a $77.00 price target on shares of Kroger and gave the stock an “outperform” rating in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of Kroger in a research note on Friday. Wall Street Zen cut Kroger from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. UBS Group reissued a “neutral” rating and set a $70.00 price target (down from $74.00) on shares of Kroger in a report on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded Kroger from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.56.
Kroger Price Performance
KR stock opened at $73.67 on Tuesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.42 and a current ratio of 0.80. The company’s fifty day moving average price is $68.98 and its 200-day moving average price is $66.39. The Kroger Co. has a one year low of $58.60 and a one year high of $76.58. The company has a market capitalization of $46.62 billion, a PE ratio of 48.15, a price-to-earnings-growth ratio of 1.95 and a beta of 0.62.
Kroger (NYSE:KR – Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.08. The company had revenue of $34.73 billion during the quarter, compared to analysts’ expectations of $35.10 billion. Kroger had a net margin of 0.69% and a return on equity of 41.08%. Kroger’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $1.14 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. On average, equities analysts anticipate that The Kroger Co. will post 4.44 EPS for the current fiscal year.
Kroger Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 15th. Kroger’s payout ratio is 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.
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