The Kroger Co. $KR Position Raised by SteelPeak Wealth LLC

SteelPeak Wealth LLC raised its position in shares of The Kroger Co. (NYSE:KR) by 33.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,862 shares of the company’s stock after purchasing an additional 1,469 shares during the quarter. SteelPeak Wealth LLC’s holdings in Kroger were worth $420,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Drake & Associates LLC raised its stake in Kroger by 41.9% during the 2nd quarter. Drake & Associates LLC now owns 41,178 shares of the company’s stock valued at $2,954,000 after purchasing an additional 12,152 shares during the period. Valeo Financial Advisors LLC raised its stake in Kroger by 2.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 9,311 shares of the company’s stock valued at $668,000 after purchasing an additional 232 shares during the period. Joule Financial LLC raised its stake in Kroger by 3.1% during the 2nd quarter. Joule Financial LLC now owns 11,704 shares of the company’s stock valued at $840,000 after purchasing an additional 354 shares during the period. DAVENPORT & Co LLC raised its stake in Kroger by 8.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 8,948 shares of the company’s stock valued at $642,000 after purchasing an additional 677 shares during the period. Finally, OLD National Bancorp IN raised its stake in Kroger by 32.6% during the 2nd quarter. OLD National Bancorp IN now owns 243,131 shares of the company’s stock valued at $17,440,000 after purchasing an additional 59,778 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Kroger Trading Up 1.9%

Shares of NYSE:KR opened at $68.13 on Thursday. The stock has a market capitalization of $45.15 billion, a PE ratio of 17.29, a P/E/G ratio of 1.94 and a beta of 0.57. The Kroger Co. has a 1 year low of $54.88 and a 1 year high of $74.90. The firm has a fifty day moving average price of $68.59 and a 200 day moving average price of $69.01. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85.

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

Kroger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors 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 dividend on an annualized basis and a yield of 2.1%. Kroger’s dividend payout ratio is currently 35.53%.

Insider Transactions at Kroger

In related news, Director Clyde R. Moore sold 3,810 shares of the company’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $71.61, for a total value of $272,834.10. Following the completion of the sale, the director directly owned 85,850 shares in the company, valued at approximately $6,147,718.50. This represents a 4.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

KR has been the topic of several recent analyst reports. Guggenheim reissued a “buy” rating and set a $78.00 target price on shares of Kroger in a research note on Friday, September 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kroger from $57.00 to $67.00 and gave the company a “hold” rating in a report on Monday, June 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Kroger in a report on Wednesday. Evercore ISI boosted their price target on shares of Kroger from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $82.00 price target on shares of Kroger in a report on Thursday, September 11th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kroger presently has an average rating of “Moderate Buy” and an average price target of $73.63.

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.