Dimensional Fund Advisors LP boosted its holdings in The Kroger Co. (NYSE:KR – Free Report) by 0.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 12,296,026 shares of the company’s stock after acquiring an additional 53,625 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Kroger were worth $889,878,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Swiss National Bank raised its holdings in Kroger by 2.3% during the first quarter. Swiss National Bank now owns 1,764,500 shares of the company’s stock worth $127,679,000 after buying an additional 39,300 shares during the last quarter. Valley Wealth Managers Inc. grew its holdings in shares of Kroger by 8.5% during the first quarter. Valley Wealth Managers Inc. now owns 343,728 shares of the company’s stock valued at $24,872,000 after buying an additional 27,054 shares during the last quarter. AIA Group Ltd grew its holdings in shares of Kroger by 12.5% during the first quarter. AIA Group Ltd now owns 135,500 shares of the company’s stock valued at $9,805,000 after buying an additional 15,100 shares during the last quarter. Arjuna Capital increased its position in shares of Kroger by 1.1% during the first quarter. Arjuna Capital now owns 82,723 shares of the company’s stock worth $5,986,000 after acquiring an additional 901 shares in the last quarter. Finally, German American Bancorp Inc. bought a new stake in shares of Kroger during the first quarter worth about $223,000. Institutional investors own 80.93% of the company’s stock.
Kroger Stock Performance
Shares of KR stock opened at $58.89 on Monday. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.79 and a quick ratio of 0.39. The firm has a 50-day moving average of $61.70 and a 200-day moving average of $65.60. The Kroger Co. has a one year low of $54.15 and a one year high of $76.58. The company has a market cap of $36.08 billion, a P/E ratio of 34.64, a P/E/G ratio of 1.58 and a beta of 0.44.
Kroger Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, August 14th. This is a boost from Kroger’s previous quarterly dividend of $0.35. Kroger’s dividend payout ratio (DPR) is presently 82.35%.
Analyst Ratings Changes
Several equities analysts recently weighed in on KR shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $82.00 price target on shares of Kroger in a research report on Friday, June 19th. HC Wainwright reissued a “buy” rating on shares of Kroger in a report on Thursday, July 2nd. Guggenheim reissued a “buy” rating and issued a $71.00 price objective on shares of Kroger in a research note on Thursday, July 2nd. Telsey Advisory Group set a $78.00 target price on Kroger and gave the company an “outperform” rating in a report on Monday, June 22nd. Finally, Erste Group Bank cut Kroger from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.00.
Trending Headlines about Kroger
Here are the key news stories impacting Kroger this week:
- Positive Sentiment: Kroger announced a partnership with Mid-Ohio Food Collective aimed at a $100,000 flash match goal, highlighting continued community engagement and brand goodwill. Kroger partners with Mid-Ohio Food Collective for $100,000 flash match goal
- Positive Sentiment: Kroger is expanding its wine business with 147 new wine shops nationwide, a move that could support higher-margin sales and strengthen its premium offerings. Kroger bets on luxury wines with 147 new wine shops nationwide
- Neutral Sentiment: Analysts and media coverage continue to debate Kroger’s valuation, with one recent piece suggesting the stock may be trading near fair value rather than at a discount. Is Kroger (KR) Stock Trading Around Fair Value Today?
- Neutral Sentiment: Kroger’s proposed acquisition activity is still facing regulatory review, with possible divestitures discussed, which keeps the deal story active but uncertain for investors. Kroger (KR) Awaits Giant Eagle Review As Tempo Starts Cook Never Club
- Negative Sentiment: Multiple reports of a shooting at a Cypress Kroger location, including critical injuries and an arrest, may weigh on sentiment due to safety concerns and potential reputational damage. Suspect charged after shooting inside Cypress Kroger; security expert shares tips on how to survive a violent situation
- Negative Sentiment: Recent coverage says Kroger foot traffic has slumped for a third straight month, suggesting softer in-store demand and pressure on near-term sales trends. Kroger foot traffic slumps, analyst says, continuing a three-month trend
- Negative Sentiment: Reports that Kroger scrapped most of its Florida Harris Teeter expansion plans also point to slower growth expectations in a key market. Kroger scraps plans for 80 Harris Teeter stores in Florida, except 1
Kroger Profile
The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.
In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.
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