Elo Mutual Pension Insurance Co Sells 13,352 Shares of The Kroger Co. $KR

Elo Mutual Pension Insurance Co reduced its position in The Kroger Co. (NYSE:KR) by 19.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,027 shares of the company’s stock after selling 13,352 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Kroger were worth $3,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Accent Capital Management LLC purchased a new stake in Kroger in the 1st quarter worth $25,000. SOA Wealth Advisors LLC. lifted its position in shares of Kroger by 6,840.0% in the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after acquiring an additional 342 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Kroger in the second quarter worth about $28,000. Rossby Financial LCC purchased a new stake in shares of Kroger during the second quarter worth about $29,000. Finally, Whipplewood Advisors LLC raised its stake in Kroger by 10,425.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 417 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Kroger Stock Performance

Kroger stock opened at $66.17 on Wednesday. The company’s 50-day moving average price is $66.36 and its 200-day moving average price is $68.33. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85. The company has a market cap of $43.85 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55. The Kroger Co. has a twelve month low of $57.69 and a twelve month high of $74.90.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The company had revenue of $33.94 billion during the quarter, compared to analyst estimates of $34.08 billion. During the same quarter last year, the business posted $0.93 earnings per share. The firm’s 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, equities research analysts forecast that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. Kroger’s payout ratio is currently 35.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, September 17th. Guggenheim restated a “buy” rating and set a $78.00 target price on shares of Kroger in a research report on Wednesday, November 19th. Argus set a $85.00 price target on shares of Kroger in a report on Thursday, September 18th. Roth Mkm upgraded shares of Kroger from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $75.00 in a research note on Wednesday, September 17th. Finally, Evercore ISI cut 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. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Kroger currently has a consensus rating of “Moderate Buy” and a consensus target price 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.