Texas Capital Bank Wealth Management Services Inc Acquires New Stake in The Kroger Co. $KR

Texas Capital Bank Wealth Management Services Inc bought a new stake in The Kroger Co. (NYSE:KR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,358 shares of the company’s stock, valued at approximately $686,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allstate Corp boosted its holdings in Kroger by 108.5% during the 4th quarter. Allstate Corp now owns 47,991 shares of the company’s stock valued at $2,998,000 after acquiring an additional 24,976 shares during the period. Vanguard Group Inc. increased its stake in Kroger by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 77,169,425 shares of the company’s stock worth $4,821,546,000 after purchasing an additional 868,529 shares during the period. Conning Inc. lifted its position in shares of Kroger by 10,178.7% during the fourth quarter. Conning Inc. now owns 507,459 shares of the company’s stock worth $31,706,000 after purchasing an additional 502,522 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Kroger by 30.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 894,217 shares of the company’s stock valued at $55,946,000 after purchasing an additional 209,264 shares during the period. Finally, North Dakota State Investment Board purchased a new position in shares of Kroger in the fourth quarter valued at approximately $1,299,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Trading Down 1.0%

NYSE:KR opened at $56.15 on Tuesday. The Kroger Co. has a 1 year low of $54.15 and a 1 year high of $76.58. The stock has a market cap of $34.40 billion, a P/E ratio of 33.03, a P/E/G ratio of 1.52 and a beta of 0.43. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.39 and a current ratio of 0.79. The stock has a 50-day simple moving average of $58.47 and a 200-day simple moving average of $64.88.

Kroger (NYSE:KR) last issued its earnings results on Thursday, June 18th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.01). The business had revenue of $46.12 billion for the quarter, compared to analyst estimates of $45.59 billion. Kroger had a return on equity of 44.33% and a net margin of 0.71%.Kroger’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. As a group, analysts anticipate that The Kroger Co. will post 5.21 earnings per share for the current fiscal year.

Kroger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th will be paid a $0.39 dividend. This is a boost from Kroger’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, August 14th. Kroger’s payout ratio is currently 91.76%.

Kroger News Roundup

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Kroger is preparing to open a new grocery store in Lenoir City, Tennessee. The expansion could support local sales and underscores the company’s continued investment in its store network. New Kroger grocery store coming to Lenoir City

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KR. HC Wainwright reiterated a “buy” rating on shares of Kroger in a report on Thursday, July 2nd. Barclays set a $61.00 price target on shares of Kroger and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price objective on shares of Kroger in a research report on Wednesday, June 3rd. Guggenheim reissued a “buy” rating and set a $71.00 price objective on shares of Kroger in a research report on Thursday, July 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kroger in a report on Monday, June 1st. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Kroger Company 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.