Koshinski Asset Management Inc. Sells 165 Shares of The Kroger Co. $KR

Koshinski Asset Management Inc. trimmed its position in shares of The Kroger Co. (NYSE:KR) by 3.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,515 shares of the company’s stock after selling 165 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Kroger were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Alta Capital Management LLC lifted its holdings in shares of Kroger by 35.6% during the 2nd quarter. Alta Capital Management LLC now owns 17,696 shares of the company’s stock valued at $1,269,000 after buying an additional 4,650 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Kroger by 0.6% during the 2nd quarter. New York State Teachers Retirement System now owns 676,878 shares of the company’s stock valued at $48,552,000 after buying an additional 4,049 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of Kroger by 16.2% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 3,717 shares of the company’s stock valued at $267,000 after buying an additional 519 shares during the period. Harbour Investments Inc. lifted its holdings in shares of Kroger by 15.2% during the 2nd quarter. Harbour Investments Inc. now owns 7,478 shares of the company’s stock valued at $536,000 after buying an additional 988 shares during the period. Finally, Bayforest Capital Ltd bought a new position in shares of Kroger during the 2nd quarter valued at $175,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $82.00 price target on shares of Kroger in a report on Thursday, September 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $75.00 target price (down from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Argus set a $85.00 target price on Kroger in a report on Thursday, September 18th. Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and raised their target price for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Kroger presently has a consensus rating of “Moderate Buy” and an average price target of $74.50.

Kroger Trading Up 0.3%

Shares of KR stock opened at $69.18 on Tuesday. The Kroger Co. has a 52-week low of $55.60 and a 52-week high of $74.90. 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 firm has a market capitalization of $45.84 billion, a PE ratio of 17.56, a PEG ratio of 2.01 and a beta of 0.57. The stock has a fifty day simple moving average of $67.93 and a two-hundred day simple moving average of $69.12.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The business had revenue of $33.94 billion during the quarter, compared to analyst estimates of $34.08 billion. During the same quarter in the prior year, the business posted $0.93 EPS. Kroger’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. On average, analysts predict that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given 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 dividend yield of 2.0%. Kroger’s dividend payout ratio (DPR) is presently 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.