Banco Bilbao Vizcaya Argentaria S.A. Has $15.01 Million Holdings in The Kroger Co. $KR

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in The Kroger Co. (NYSE:KR) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 209,194 shares of the company’s stock after selling 6,571 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Kroger were worth $15,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Accent Capital Management LLC bought a new stake in Kroger in the first quarter valued at about $25,000. SOA Wealth Advisors LLC. grew its stake in Kroger by 6,840.0% during the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after buying an additional 342 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Kroger during the 2nd quarter worth approximately $28,000. Rossby Financial LCC acquired a new stake in shares of Kroger in the second quarter valued at $29,000. Finally, Whipplewood Advisors LLC raised its stake in shares of Kroger by 10,425.0% in the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after acquiring an additional 417 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Kroger Stock Performance

Shares of KR stock opened at $66.70 on Friday. The stock has a market cap of $44.20 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55. The stock has a 50-day moving average of $66.54 and a 200-day moving average of $68.67. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.54. The Kroger Co. has a one year low of $57.08 and a one year high of $74.90.

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, beating 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%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, sell-side analysts expect that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend 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 35.53%.

Analysts Set New Price Targets

A number of brokerages have commented on KR. Guggenheim reiterated a “buy” rating and issued a $78.00 price objective on shares of Kroger in a research report on Friday, September 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $82.00 price objective on shares of Kroger in a research report on Thursday, September 11th. Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. Barclays assumed coverage on shares of Kroger in a research note on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price on the stock. Finally, Evercore ISI dropped their price target on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Kroger presently 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.