Cherokee Insurance Co Buys Shares of 5,500 The Kroger Co. $KR

Cherokee Insurance Co bought a new position in The Kroger Co. (NYSE:KR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,500 shares of the company’s stock, valued at approximately $395,000.

A number of other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in Kroger by 85.3% in the first quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company’s stock valued at $433,065,000 after acquiring an additional 2,945,848 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Kroger during the 1st quarter valued at $178,385,000. Alyeska Investment Group L.P. boosted its position in shares of Kroger by 101.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock worth $276,485,000 after purchasing an additional 2,059,574 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Kroger during the 2nd quarter worth $120,965,000. Finally, Robeco Institutional Asset Management B.V. increased its position in Kroger by 80.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,185,530 shares of the company’s stock valued at $156,768,000 after buying an additional 976,100 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Kroger Trading Up 0.6%

NYSE KR opened at $65.43 on Thursday. The Kroger Co. has a 1 year low of $57.08 and a 1 year high of $74.90. 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 company has a market capitalization of $43.36 billion, a PE ratio of 16.61, a P/E/G ratio of 1.92 and a beta of 0.55. The company has a fifty day moving average of $66.60 and a 200 day moving average of $68.72.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The business had revenue of $33.94 billion during the quarter, compared to analyst estimates of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Research analysts forecast that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

The business also recently declared 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 yield of 2.1%. Kroger’s payout ratio is presently 35.53%.

Analyst Ratings Changes

Several equities research analysts have weighed in on KR shares. Weiss Ratings reissued a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. Barclays assumed coverage on shares of Kroger in a research note on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price for the company. Wall Street Zen lowered shares of Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. Roth Capital upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, September 17th. Finally, Guggenheim reissued a “buy” rating and issued a $78.00 target price on shares of Kroger in a research report on Friday, September 12th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.