Mid American Wealth Advisory Group Inc. Buys New Shares in The Kroger Co. $KR

Mid American Wealth Advisory Group Inc. purchased a new stake in shares of The Kroger Co. (NYSE:KR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 641 shares of the company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after buying an additional 3,373 shares in the last quarter. GAMMA Investing LLC boosted its stake in Kroger by 10.3% in the first quarter. GAMMA Investing LLC now owns 25,209 shares of the company’s stock worth $1,706,000 after buying an additional 2,347 shares in the last quarter. Blue Trust Inc. grew its position in Kroger by 15.2% during the first quarter. Blue Trust Inc. now owns 5,054 shares of the company’s stock valued at $342,000 after acquiring an additional 667 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of Kroger in the 1st quarter worth approximately $31,000. Finally, Childress Capital Advisors LLC bought a new stake in shares of Kroger in the 1st quarter worth approximately $216,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Price Performance

Shares of NYSE KR opened at $69.18 on Tuesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. The company has a 50 day simple moving average of $67.93 and a two-hundred day simple moving average of $69.12. The Kroger Co. has a fifty-two week low of $55.60 and a fifty-two week high of $74.90. The company has a market capitalization of $45.84 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.01 and a beta of 0.57.

Kroger (NYSE:KR) last posted its quarterly earnings data 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. 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 analyst estimates of $34.08 billion. During the same quarter last year, the company earned $0.93 EPS. The firm’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. Analysts expect that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s dividend payout ratio is 35.53%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KR. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $75.00 price objective (down previously from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Weiss Ratings restated a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. Evercore ISI decreased their price target on Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Finally, Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $74.50.

Kroger 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.