Brookwood Investment Group LLC Sells 1,245 Shares of The Kroger Co. $KR

Brookwood Investment Group LLC lessened its stake in shares of The Kroger Co. (NYSE:KR) by 25.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,605 shares of the company’s stock after selling 1,245 shares during the period. Brookwood Investment Group LLC’s holdings in Kroger were worth $259,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. IFC Advisors LLC increased its stake in Kroger by 1.7% during the 1st quarter. IFC Advisors LLC now owns 8,642 shares of the company’s stock worth $585,000 after acquiring an additional 142 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of Kroger by 1.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 8,025 shares of the company’s stock valued at $576,000 after purchasing an additional 146 shares in the last quarter. PDS Planning Inc boosted its holdings in shares of Kroger by 2.0% in the 2nd quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock valued at $553,000 after purchasing an additional 152 shares in the last quarter. Cairn Investment Group Inc. boosted its holdings 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 purchasing an additional 163 shares in the last quarter. Finally, Independent Wealth Network Inc. boosted its holdings 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 purchasing an additional 164 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KR shares. Evercore ISI reduced their target price on Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Guggenheim reaffirmed a “buy” rating and issued a $78.00 target price on shares of Kroger in a report on Friday, September 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Kroger in a report on Thursday, September 11th. Argus set a $85.00 target price on Kroger in a report on Thursday, September 18th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $75.00 target price (down previously from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kroger presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

Kroger Stock Down 0.5%

Shares of KR opened at $67.72 on Wednesday. The company has a market capitalization of $44.87 billion, a PE ratio of 17.19, a PEG ratio of 1.98 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. The stock’s 50-day moving average price is $67.62 and its two-hundred day moving average price is $69.19. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $33.94 billion for the quarter, compared to the consensus estimate of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, analysts anticipate that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

The business 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 of this dividend is Friday, November 14th. This represents a $1.40 annualized dividend and a yield of 2.1%. Kroger’s payout ratio is presently 35.53%.

About Kroger

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.