The Kroger Co. $KR Shares Sold by Curat Global LLC

Curat Global LLC decreased its holdings in shares of The Kroger Co. (NYSE:KR) by 9.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,410 shares of the company’s stock after selling 350 shares during the period. Curat Global LLC’s holdings in Kroger were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of KR. Wellington Management Group LLP raised its stake in Kroger by 85.3% during the first quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company’s stock worth $433,065,000 after acquiring an additional 2,945,848 shares during the period. Nuveen LLC acquired a new stake in Kroger during the first quarter worth about $178,385,000. Alyeska Investment Group L.P. raised its stake in Kroger by 101.7% during the first quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock worth $276,485,000 after acquiring an additional 2,059,574 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Kroger during the second quarter worth about $120,965,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Kroger by 80.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,185,530 shares of the company’s stock valued at $156,768,000 after purchasing an additional 976,100 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on KR shares. Weiss Ratings restated a “buy (b)” rating on shares of Kroger in a research note on Saturday. 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 on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $75.00 price target (down previously from $82.00) on shares of Kroger in a research note on Wednesday, August 20th. Guggenheim restated a “buy” rating and issued a $78.00 price target on shares of Kroger in a research note on Friday, September 12th. Finally, Roth Mkm upgraded shares of Kroger from a “neutral” rating to a “buy” rating and raised their price target for the company from $66.00 to $75.00 in a research note on Wednesday, September 17th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Kroger currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

Kroger Trading Down 2.3%

Kroger stock opened at $67.09 on Monday. The firm has a 50 day simple moving average of $67.72 and a 200-day simple moving average of $69.17. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.54. The stock has a market capitalization of $44.46 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.95 and a beta of 0.57. The Kroger Co. has a 12-month low of $55.60 and a 12-month high of $74.90.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) 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 business’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, equities research analysts expect that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Announces Dividend

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