Maia Wealth LLC Buys New Stake in The Kroger Co. $KR

Maia Wealth LLC purchased a new stake in The Kroger Co. (NYSE:KR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,124 shares of the company’s stock, valued at approximately $511,000.

Other hedge funds also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. boosted its position in shares of Kroger by 105.4% in the second quarter. J.W. Cole Advisors Inc. now owns 30,900 shares of the company’s stock worth $2,216,000 after buying an additional 15,855 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Kroger by 26.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 11,753 shares of the company’s stock valued at $843,000 after buying an additional 2,444 shares during the period. Laurel Wealth Advisors LLC lifted its position in Kroger by 7,073.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 122,085 shares of the company’s stock worth $8,757,000 after acquiring an additional 120,383 shares in the last quarter. XTX Topco Ltd purchased a new position in Kroger in the 2nd quarter worth approximately $4,826,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Kroger in the 2nd quarter worth approximately $198,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KR shares. Telsey Advisory Group reiterated an “outperform” rating and set a $82.00 price objective on shares of Kroger in a research note on Thursday, September 11th. Roth Mkm raised shares of Kroger from a “neutral” rating to a “buy” rating and raised their price target for the company from $66.00 to $75.00 in a report on Wednesday, September 17th. Argus set a $85.00 price target on shares of Kroger in a research note on Thursday, September 18th. JPMorgan Chase & Co. cut their price objective on shares of Kroger from $75.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Roth Capital upgraded Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.39.

Kroger Trading Up 1.4%

KR opened at $67.08 on Thursday. The Kroger Co. has a 12-month low of $57.69 and a 12-month 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 stock has a market capitalization of $44.45 billion, a PE ratio of 17.03, a P/E/G ratio of 1.92 and a beta of 0.55. The firm’s fifty day moving average price is $66.37 and its 200 day moving average price is $68.32.

Kroger (NYSE:KR) last released its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. The company had revenue of $33.94 billion during 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 company’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, research analysts expect that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

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