Tyche Wealth Partners LLC Sells 499 Shares of The Kroger Co. $KR

Tyche Wealth Partners LLC reduced its stake in The Kroger Co. (NYSE:KR) by 12.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,646 shares of the company’s stock after selling 499 shares during the period. Tyche Wealth Partners LLC’s holdings in Kroger were worth $262,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KR. Brighton Jones LLC boosted its holdings in shares of Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after acquiring an additional 3,373 shares during the period. Wedmont Private Capital raised its position in shares of Kroger by 9.8% in the first quarter. Wedmont Private Capital now owns 8,472 shares of the company’s stock worth $578,000 after buying an additional 755 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Kroger by 10.4% in the first quarter. Park Avenue Securities LLC now owns 36,516 shares of the company’s stock worth $2,472,000 after buying an additional 3,441 shares in the last quarter. Moss Adams Wealth Advisors LLC purchased a new stake in shares of Kroger in the first quarter worth $261,000. Finally, Farther Finance Advisors LLC raised its position in shares of Kroger by 99.6% in the first quarter. Farther Finance Advisors LLC now owns 14,429 shares of the company’s stock worth $983,000 after buying an additional 7,199 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

KR has been the topic of a number of recent analyst reports. Roth Capital upgraded Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, September 17th. Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. Deutsche Bank Aktiengesellschaft increased their price objective on Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a research report on Monday, June 23rd. Morgan Stanley set a $76.00 price objective on Kroger and gave the stock an “equal weight” rating in a research report on Monday, June 23rd. Finally, Jefferies Financial Group set a $83.00 price objective on Kroger and gave the stock a “buy” rating in a research report on Monday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.63.

Kroger Trading Up 3.2%

NYSE KR opened at $66.87 on Wednesday. The stock’s 50-day simple moving average is $68.61 and its two-hundred day simple moving average is $69.01. The Kroger Co. has a twelve month low of $54.88 and a twelve month high of $74.90. 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 capitalization of $44.32 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.88 and a beta of 0.57.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The business had revenue of $33.94 billion for the quarter, compared to the consensus estimate of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Research analysts forecast that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a $0.35 dividend. The ex-dividend date 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%.

Insider Activity at Kroger

In other news, Director Clyde R. Moore sold 26,814 shares of Kroger stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $70.50, for a total value of $1,890,387.00. Following the transaction, the director owned 99,143 shares in the company, valued at approximately $6,989,581.50. The trade was a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

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.