St. Johns Investment Management Company LLC Sells 778 Shares of The Kroger Co. $KR

St. Johns Investment Management Company LLC decreased its stake in The Kroger Co. (NYSE:KR) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,898 shares of the company’s stock after selling 778 shares during the period. St. Johns Investment Management Company LLC’s holdings in Kroger were worth $925,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Accent Capital Management LLC bought a new position in shares of Kroger in the 1st quarter worth $25,000. SOA Wealth Advisors LLC. increased its holdings in shares of Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after buying an additional 342 shares during the last quarter. Capital Analysts LLC bought a new position in shares of Kroger in the 1st quarter worth $36,000. GKV Capital Management Co. Inc. bought a new position in shares of Kroger in the 1st quarter worth $38,000. Finally, Thompson Investment Management Inc. bought a new position in shares of Kroger in the 2nd quarter worth $38,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Evercore ISI reduced their target price on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $82.00 target price on shares of Kroger in a report on Thursday, September 11th. Guggenheim reaffirmed a “buy” rating and set a $78.00 target price on shares of Kroger in a report on Friday, September 12th. Roth Mkm raised shares of Kroger from a “neutral” rating to a “buy” rating and increased their target price for the company from $66.00 to $75.00 in a report on Wednesday, September 17th. Finally, Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.50.

Kroger Trading Down 2.2%

Shares of KR opened at $67.63 on Wednesday. The stock has a market capitalization of $44.82 billion, a P/E ratio of 17.17, a PEG ratio of 2.01 and a beta of 0.57. 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 firm has a fifty day simple moving average of $67.81 and a two-hundred day simple moving average of $69.11. The Kroger Co. has a twelve month low of $55.60 and a twelve month high of $74.90.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $33.94 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the company posted $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, research analysts anticipate that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 annualized dividend and a yield of 2.1%. Kroger’s dividend payout ratio 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.