5,367 Shares in The Kroger Co. $KR Purchased by Syverson Strege & Co

Syverson Strege & Co purchased a new stake in The Kroger Co. (NYSE:KR) in the second quarter, Holdings Channel.com reports. The fund purchased 5,367 shares of the company’s stock, valued at approximately $385,000.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after purchasing an additional 3,373 shares in the last quarter. Golden State Wealth Management LLC grew its position in Kroger by 67.2% during the first quarter. Golden State Wealth Management LLC now owns 1,336 shares of the company’s stock valued at $90,000 after acquiring an additional 537 shares during the period. Koshinski Asset Management Inc. purchased a new stake in Kroger during the first quarter worth approximately $317,000. Mather Group LLC. boosted its position in shares of Kroger by 13.2% in the first quarter. Mather Group LLC. now owns 4,431 shares of the company’s stock worth $300,000 after buying an additional 518 shares during the period. Finally, Keybank National Association OH boosted its stake in shares of Kroger by 4.4% in the first quarter. Keybank National Association OH now owns 24,437 shares of the company’s stock valued at $1,654,000 after purchasing an additional 1,027 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Guggenheim reaffirmed a “buy” rating and set a $78.00 target price on shares of Kroger in a report on Friday, September 12th. Roth Capital upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, September 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Kroger in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $75.00 target price (down from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $82.00 price objective on shares of Kroger in a report on Thursday, September 11th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Kroger currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

Kroger Price Performance

Shares of KR stock opened at $63.57 on Friday. 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 $42.13 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.92 and a beta of 0.57. The stock’s fifty day simple moving average is $67.27 and its 200 day simple moving average is $69.11. The Kroger Co. has a one year low of $55.69 and a one year high of $74.90.

Kroger (NYSE:KR) last released 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 net margin of 1.86% and a return on equity of 32.62%. The company had revenue of $33.94 billion for the quarter, compared to the consensus estimate of $34.08 billion. During the same period in the prior year, the company posted $0.93 EPS. The company’s revenue 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 expect that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s dividend payout ratio (DPR) is currently 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.