Financial Gravity Companies Inc. Purchases New Stake in The Kroger Co. $KR

Financial Gravity Companies Inc. acquired a new position in The Kroger Co. (NYSE:KR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,056 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Monument Capital Management purchased a new stake in shares of Kroger during the 2nd quarter worth approximately $2,901,000. Y Intercept Hong Kong Ltd raised its holdings in Kroger by 2,313.4% during the second quarter. Y Intercept Hong Kong Ltd now owns 138,915 shares of the company’s stock worth $9,964,000 after purchasing an additional 133,159 shares during the last quarter. Advocate Group LLC boosted its position in Kroger by 16.6% during the second 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 acquired a new stake in Kroger in the second quarter valued at $480,000. Finally, Liberty One Investment Management LLC grew its holdings in Kroger by 1.4% in the second quarter. Liberty One Investment Management LLC now owns 463,607 shares of the company’s stock valued at $33,255,000 after purchasing an additional 6,528 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on KR shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $75.00 price target (down previously from $82.00) on shares of Kroger in a research note on Wednesday, August 20th. Telsey Advisory Group restated an “outperform” rating and set a $82.00 target price on shares of Kroger in a research report on Thursday, September 11th. Wall Street Zen downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Barclays began coverage on shares of Kroger in a research note on Monday, July 21st. They set an “equal weight” rating and a $75.00 price objective for the company. Finally, Roth Capital raised Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, September 17th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Kroger presently has a consensus rating of “Moderate Buy” and an average price target of $74.50.

Kroger Stock Performance

NYSE:KR opened at $66.70 on Monday. The firm has a 50 day simple moving average of $66.54 and a 200-day simple moving average of $68.63. 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 $44.20 billion, a PE ratio of 16.93, a P/E/G ratio of 1.92 and a beta of 0.55. The Kroger Co. has a 1-year low of $57.08 and a 1-year high of $74.90.

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

Kroger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. Kroger’s dividend payout ratio (DPR) is 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.