AEGON ASSET MANAGEMENT UK Plc lessened its holdings in shares of The Kroger Co. (NYSE:KR – Free Report) by 14.7% in the 2nd quarter, Holdings Channel reports. The fund owned 464,163 shares of the company’s stock after selling 80,029 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Kroger were worth $33,271,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. IFC Advisors LLC grew its stake in Kroger by 1.7% during the 1st quarter. IFC Advisors LLC now owns 8,642 shares of the company’s stock valued at $585,000 after acquiring an additional 142 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in Kroger by 1.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 8,025 shares of the company’s stock valued at $576,000 after acquiring an additional 146 shares in the last quarter. PDS Planning Inc grew its stake in Kroger by 2.0% during the 2nd quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock valued at $553,000 after acquiring an additional 152 shares in the last quarter. Cairn Investment Group Inc. grew its stake in shares of Kroger by 0.3% in the 2nd quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock valued at $4,225,000 after buying an additional 163 shares during the period. Finally, Independent Wealth Network Inc. grew its stake in shares of Kroger by 0.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock valued at $1,385,000 after buying an additional 164 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on KR shares. Argus set a $85.00 price target on shares of Kroger in a research note on Thursday, September 18th. Wall Street Zen cut shares of Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Barclays started coverage on shares of Kroger in a research note on Monday, July 21st. They issued an “equal weight” rating and a $75.00 price target for the company. UBS Group reissued a “neutral” rating and issued a $74.00 price target (up previously from $66.00) on shares of Kroger in a research note on Monday, June 23rd. Finally, Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Kroger currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.53.
Kroger Stock Performance
Shares of KR stock opened at $69.17 on Wednesday. The firm’s 50 day moving average price is $68.33 and its 200-day moving average price is $69.09. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. The Kroger Co. has a one year low of $55.19 and a one year high of $74.90. The firm has a market cap of $45.84 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.95 and a beta of 0.57.
Kroger (NYSE:KR – Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The firm had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. During the same period in the prior year, the business posted $0.93 EPS. The business’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. As a group, equities research analysts predict that The Kroger Co. will post 4.44 EPS for the current year.
Kroger Dividend Announcement
The firm also recently announced 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. The ex-dividend date is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.0%. Kroger’s dividend payout ratio is 35.53%.
Kroger 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.
Recommended Stories
- Five stocks we like better than Kroger
- 5 discounted opportunities for dividend growth investors
- After Gold Blast Soars Past $4,000, BofA Eyes $5,000 in 2026
- How to trade using analyst ratings
- Buyback Boom: 3 Companies Betting Big on Themselves
- What Are the FAANG Stocks and Are They Good Investments?
- Analysts Flock to Upgrade DELL After Big AI-Server Guidance Boost
Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kroger Co. (NYSE:KR – Free Report).
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.