Vise Technologies Inc. Makes New Investment in The Kroger Co. $KR

Vise Technologies Inc. bought a new stake in shares of The Kroger Co. (NYSE:KR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,804 shares of the company’s stock, valued at approximately $2,066,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KR. Accent Capital Management LLC bought a new stake in Kroger in the first quarter valued at $25,000. SOA Wealth Advisors LLC. lifted its position in shares of 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 during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Kroger during the 2nd quarter valued at 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. Institutional investors own 80.93% of the company’s stock.

Kroger Stock Up 0.9%

NYSE:KR opened at $65.05 on Wednesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. The firm has a market cap of $43.11 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.92 and a beta of 0.55. The Kroger Co. has a fifty-two week low of $57.08 and a fifty-two week high of $74.90. The firm has a 50-day simple moving average of $66.66 and a two-hundred day simple moving average of $68.74.

Kroger (NYSE:KR) last issued its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (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 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 quarter in the prior year, the firm posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. 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 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 dividend on an annualized basis and a dividend yield of 2.2%. Kroger’s dividend payout ratio (DPR) is presently 35.53%.

Analyst Ratings Changes

Several analysts have weighed in on KR shares. Argus set a $85.00 price objective on Kroger in a research report on Thursday, September 18th. Barclays initiated coverage on Kroger in a research note on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price for the company. 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. Evercore ISI lowered their price objective on Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Finally, Wall Street Zen cut shares of Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kroger presently has a consensus rating of “Moderate Buy” and an average target price of $74.50.

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.