Quotient Wealth Partners LLC Sells 211 Shares of The Kroger Co. $KR

Quotient Wealth Partners LLC decreased its holdings in shares of The Kroger Co. (NYSE:KR) by 2.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,181 shares of the company’s stock after selling 211 shares during the period. Quotient Wealth Partners LLC’s holdings in Kroger were worth $515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of Kroger in the 1st quarter valued at $25,000. SOA Wealth Advisors LLC. raised its holdings in Kroger by 6,840.0% in the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after purchasing an additional 342 shares in the last quarter. Garde Capital Inc. bought a new stake in shares of Kroger in the 1st quarter valued at about $31,000. Capital Analysts LLC purchased a new stake in Kroger during the first quarter valued at approximately $36,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in Kroger in the first quarter valued at approximately $38,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen raised Kroger from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Morgan Stanley set a $76.00 target price on shares of Kroger and gave the stock an “equal weight” rating in a research report on Monday, June 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and upped their target price for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Finally, Roth Capital raised Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, September 17th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.50.

Kroger Price Performance

Shares of KR opened at $69.13 on Friday. The company has a market capitalization of $45.81 billion, a P/E ratio of 17.55, a P/E/G ratio of 2.01 and a beta of 0.57. The Kroger Co. has a fifty-two week low of $55.60 and a fifty-two week high of $74.90. The business’s 50-day moving average is $68.04 and its two-hundred day moving average is $69.12. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $34.08 billion. During the same period in the previous year, the company posted $0.93 earnings per share. Kroger’s revenue for the quarter was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Research analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

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 given a $0.35 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. Kroger’s payout ratio is 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.