614 Shares in The Kroger Co. $KR Acquired by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH purchased a new position in shares of The Kroger Co. (NYSE:KR) in the second quarter, HoldingsChannel.com reports. The fund purchased 614 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors and hedge funds have also modified their holdings of the company. IFC Advisors LLC raised its holdings in Kroger by 1.7% in the first quarter. IFC Advisors LLC now owns 8,642 shares of the company’s stock worth $585,000 after purchasing an additional 142 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in Kroger by 1.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 8,025 shares of the company’s stock worth $576,000 after purchasing an additional 146 shares during the period. PDS Planning Inc raised its holdings in Kroger by 2.0% in the second quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock worth $553,000 after purchasing an additional 152 shares during the period. Cairn Investment Group Inc. raised its holdings in Kroger by 0.3% in the second quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock worth $4,225,000 after purchasing an additional 163 shares during the period. Finally, Independent Wealth Network Inc. raised its holdings in Kroger by 0.9% in the second quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock worth $1,385,000 after purchasing an additional 164 shares during the period. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on KR. Jefferies Financial Group set a $83.00 target price on shares of Kroger and gave the stock a “buy” rating in a report on Monday, June 23rd. Wall Street Zen downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Kroger in a research report on Wednesday, October 8th. Barclays initiated coverage on shares of Kroger in a research report on Monday, July 21st. They set an “equal weight” rating and a $75.00 price objective for the company. Finally, Guggenheim reissued a “buy” rating and set a $78.00 price objective on shares of Kroger in a research report on Friday, September 12th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kroger currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.63.

Kroger Stock Down 1.0%

Kroger stock opened at $67.11 on Tuesday. The company has a market cap of $44.47 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 1.97 and a beta of 0.57. The Kroger Co. has a 1-year low of $54.88 and a 1-year high of $74.90. The company has a fifty day simple moving average of $68.38 and a 200 day simple moving average of $69.09. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85.

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

Kroger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Kroger’s dividend payout ratio (DPR) is 35.53%.

Insiders Place Their Bets

In related news, Director Clyde R. Moore sold 3,810 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $71.61, for a total value of $272,834.10. Following the completion of the transaction, the director owned 85,850 shares of the company’s stock, valued at approximately $6,147,718.50. This trade represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.44% of the company’s stock.

About Kroger

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.