Reliant Investment Partners LLC Purchases Shares of 3,065 The Kroger Co. $KR

Reliant Investment Partners LLC bought a new position in shares of The Kroger Co. (NYSE:KR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,065 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently bought and sold shares of KR. Monument Capital Management bought a new stake in Kroger in the second quarter valued at about $2,901,000. Advocate Group LLC lifted its holdings in shares of Kroger by 16.6% during the second quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock valued at $8,707,000 after acquiring an additional 17,284 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of Kroger by 2,313.4% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 138,915 shares of the company’s stock valued at $9,964,000 after purchasing an additional 133,159 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Kroger by 1.7% during the 1st quarter. Bessemer Group Inc. now owns 12,545 shares of the company’s stock worth $850,000 after purchasing an additional 213 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in Kroger by 3.7% during the 1st quarter. Diversified Trust Co now owns 6,429 shares of the company’s stock valued at $435,000 after purchasing an additional 229 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Stock Performance

Shares of Kroger stock opened at $68.06 on Tuesday. 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 firm has a market cap of $45.10 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.95 and a beta of 0.57. The stock’s 50-day moving average is $67.68 and its 200-day moving average is $69.19. The Kroger Co. has a one year low of $55.60 and a one year high of $74.90.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $34.08 billion. During the same quarter last year, the firm earned $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. Equities analysts predict that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio is currently 35.53%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Roth Mkm upgraded shares of Kroger from a “neutral” rating to a “buy” rating and lifted their target price for the company from $66.00 to $75.00 in a research note on Wednesday, September 17th. Guggenheim reissued a “buy” rating and issued a $78.00 price target on shares of Kroger in a research note on Friday, September 12th. Barclays assumed coverage on shares of Kroger in a research report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $82.00 target price on shares of Kroger in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $75.00 price objective (down previously from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Kroger has an average rating of “Moderate Buy” and an average target price of $74.50.

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.