Cambridge Financial Group Inc. Has $7.27 Million Position in The Kroger Co. $KR

Cambridge Financial Group Inc. reduced its holdings in The Kroger Co. (NYSE:KR) by 26.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,333 shares of the company’s stock after selling 36,235 shares during the quarter. Kroger comprises 3.7% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 6th largest position. Cambridge Financial Group Inc.’s holdings in Kroger were worth $7,269,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Accent Capital Management LLC purchased a new stake in Kroger in the first quarter worth $25,000. SOA Wealth Advisors LLC. raised its holdings in 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 purchasing an additional 342 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Kroger in the 2nd quarter worth about $28,000. Rossby Financial LCC bought a new stake in shares of Kroger during the 2nd quarter valued at about $29,000. Finally, Whipplewood Advisors LLC increased its position in shares of Kroger by 10,425.0% during the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 417 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Kroger Stock Up 2.3%

KR stock opened at $64.89 on Monday. The business has a 50 day moving average of $66.79 and a 200 day moving average of $68.82. The firm has a market cap of $43.00 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55. The Kroger Co. has a twelve month low of $57.08 and a twelve month high of $74.90. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85.

Kroger (NYSE:KR) last released its earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping 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 firm had revenue of $33.94 billion for the quarter, compared to analysts’ expectations of $34.08 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, research analysts forecast that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Announces Dividend

The company 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 $0.35 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 annualized dividend and a yield of 2.2%. Kroger’s payout ratio is 35.53%.

Wall Street Analysts Forecast Growth

KR has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $82.00 target price on shares of Kroger in a research report on Thursday, September 11th. Roth Capital upgraded Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, September 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $75.00 price target (down from $82.00) on shares of Kroger in a research note on Wednesday, August 20th. Finally, Argus set a $85.00 price objective on Kroger in a research report on Thursday, September 18th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.50.

Kroger Company 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.