ProShare Advisors LLC Has $9.41 Million Stake in The Kroger Co. $KR

ProShare Advisors LLC raised its holdings in The Kroger Co. (NYSE:KR) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 131,115 shares of the company’s stock after buying an additional 6,650 shares during the quarter. ProShare Advisors LLC’s holdings in Kroger were worth $9,405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC boosted its position in shares of Kroger by 1.9% during the second quarter. Wealthcare Advisory Partners LLC now owns 8,025 shares of the company’s stock valued at $576,000 after buying an additional 146 shares during the last quarter. PDS Planning Inc raised its position in Kroger by 2.0% in the 2nd quarter. PDS Planning Inc now owns 7,715 shares of the company’s stock valued at $553,000 after buying an additional 152 shares during the last quarter. Cairn Investment Group Inc. boosted its holdings in Kroger by 0.3% during the 2nd quarter. Cairn Investment Group Inc. now owns 58,902 shares of the company’s stock worth $4,225,000 after acquiring an additional 163 shares during the last quarter. Independent Wealth Network Inc. grew its stake in shares of Kroger by 0.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 19,312 shares of the company’s stock worth $1,385,000 after acquiring an additional 164 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Kroger by 4.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,648 shares of the company’s stock worth $262,000 after purchasing an additional 170 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Kroger Stock Performance

Kroger stock opened at $65.43 on Thursday. The Kroger Co. has a 1-year low of $57.08 and a 1-year high of $74.90. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $43.36 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55. The firm’s 50 day simple moving average is $66.60 and its 200 day simple moving average is $68.72.

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

Kroger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio is currently 35.53%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KR. Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. Guggenheim reissued a “buy” rating and issued a $78.00 price objective on shares of Kroger in a research report on Friday, September 12th. Argus set a $85.00 target price on Kroger in a research report on Thursday, September 18th. Telsey Advisory Group reiterated an “outperform” rating and set a $82.00 target price on shares of Kroger in a research note on Thursday, September 11th. Finally, Barclays assumed coverage on shares of Kroger in a research report on Monday, July 21st. They set an “equal weight” rating and a $75.00 price target for the company. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.50.

About Kroger

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.