PNC Financial Services Group Inc. Purchases 5,552 Shares of The Kroger Co. $KR

PNC Financial Services Group Inc. boosted its holdings in shares of The Kroger Co. (NYSE:KR) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,890 shares of the company’s stock after acquiring an additional 5,552 shares during the period. PNC Financial Services Group Inc.’s holdings in Kroger were worth $14,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of KR. Monument Capital Management purchased a new stake in Kroger during the second quarter valued at approximately $2,901,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Kroger by 2,313.4% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 138,915 shares of the company’s stock valued at $9,964,000 after purchasing an additional 133,159 shares during the last quarter. Advocate Group LLC boosted its position in shares of Kroger by 16.6% in the 2nd quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock worth $8,707,000 after purchasing an additional 17,284 shares in the last quarter. AdvisorShares Investments LLC purchased a new position in Kroger during the 2nd quarter worth $480,000. Finally, Liberty One Investment Management LLC increased its position in Kroger by 1.4% during the 2nd quarter. Liberty One Investment Management LLC now owns 463,607 shares of the company’s stock valued at $33,255,000 after buying an additional 6,528 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $75.00 price target (down previously from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Barclays started 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. Guggenheim reaffirmed a “buy” rating and issued a $78.00 price target on shares of Kroger in a report on Friday, September 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a research note on Wednesday, October 8th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $82.00 target price on shares of Kroger in a research note on Thursday, September 11th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

Kroger Price Performance

Shares of KR opened at $66.70 on Friday. The business’s 50-day moving average is $66.54 and its two-hundred day moving average is $68.67. The company has a market capitalization of $44.20 billion, a P/E ratio of 16.93, 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 company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95.

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

Kroger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a dividend of $0.35 per share. 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 2.1%. Kroger’s dividend payout ratio (DPR) is presently 35.53%.

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.