The Kroger Co. $KR Stock Holdings Lessened by Secure Asset Management LLC

Secure Asset Management LLC trimmed its stake in The Kroger Co. (NYSE:KR) by 5.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,887 shares of the company’s stock after selling 222 shares during the quarter. Secure Asset Management LLC’s holdings in Kroger were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in KR. Brighton Jones LLC lifted its position in shares of Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after purchasing an additional 3,373 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Kroger in the fourth quarter worth approximately $2,444,000. Orion Capital Management LLC purchased a new stake in shares of Kroger in the fourth quarter worth approximately $65,000. Vise Technologies Inc. lifted its position in shares of Kroger by 72.1% in the fourth quarter. Vise Technologies Inc. now owns 11,382 shares of the company’s stock worth $696,000 after purchasing an additional 4,767 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Kroger in the fourth quarter worth approximately $3,019,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KR. Barclays assumed coverage on shares of Kroger in a research report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 price target for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $75.00 price objective (down previously from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday. Evercore ISI raised their price objective on shares of Kroger from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Finally, Argus set a $85.00 price objective on shares of Kroger in a research report on Thursday. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kroger currently has a consensus rating of “Hold” and an average target price of $72.70.

Kroger Trading Down 1.5%

Shares of KR stock opened at $65.95 on Friday. The Kroger Co. has a 12 month low of $54.56 and a 12 month high of $74.90. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85. The business’s 50 day moving average is $70.08 and its two-hundred day moving average is $68.94. The company has a market cap of $43.59 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.95 and a beta of 0.59.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The company had revenue of $33.94 billion for the quarter, compared to the consensus estimate of $34.08 billion. During the same quarter last year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Equities analysts predict that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.1%. Kroger’s dividend payout ratio (DPR) is presently 35.53%.

Insider Activity at Kroger

In other Kroger news, VP Carin L. Fike sold 16,475 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $73.79, for a total transaction of $1,215,690.25. Following the transaction, the vice president owned 49,360 shares in the company, valued at $3,642,274.40. This trade represents a 25.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Yael Cosset sold 71,224 shares of the firm’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $73.49, for a total transaction of $5,234,251.76. Following the completion of the sale, the executive vice president owned 139,124 shares in the company, valued at approximately $10,224,222.76. The trade was a 33.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,948 shares of company stock valued at $14,422,926. 0.44% of the stock is owned by company insiders.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.