Platinum Investment Management Ltd. Has $4.17 Million Stock Position in The Kroger Co. $KR

Platinum Investment Management Ltd. decreased its stake in The Kroger Co. (NYSE:KR) by 84.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,666 shares of the company’s stock after selling 358,918 shares during the period. Platinum Investment Management Ltd.’s holdings in Kroger were worth $4,165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ares Financial Consulting LLC acquired a new stake in shares of Kroger in the fourth quarter worth $25,000. Princeton Global Asset Management LLC boosted its stake in Kroger by 268.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 416 shares of the company’s stock worth $26,000 after buying an additional 303 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Kroger during the fourth quarter worth $28,000. Avalon Trust Co acquired a new stake in Kroger during the third quarter worth $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Kroger during the third quarter worth $31,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on KR. JPMorgan Chase & Co. decreased their price target on shares of Kroger from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday. BMO Capital Markets reiterated a “market perform” rating and set a $70.00 price target on shares of Kroger in a research note on Thursday, March 5th. UBS Group reiterated a “neutral” rating on shares of Kroger in a research note on Wednesday. Telsey Advisory Group lifted their price target on shares of Kroger from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price target on shares of Kroger in a research note on Wednesday, June 3rd. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.67.

More Kroger News

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Kroger is being highlighted as a defensive grocery name during geopolitical uncertainty, and some analysts still see upside despite trimming price targets, which can support investor interest ahead of earnings. Here’s Why The Kroger Co. (KR) is a Defensive Stock to Buy Amid Geopolitical Tensions
• Positive Sentiment: The company is continuing to push value-driven promotions, including expanded fuel discounts, digital shelf labels, and seasonal private-label products, which may help traffic and customer loyalty. Is Kroger’s (KR) Digital Shelf Label Push Reframing Its Technology-Led Customer Loyalty Strategy?
• Positive Sentiment: Investor attention is building around Kroger’s June 18 Q1 earnings report, with some dividend-focused coverage reinforcing the stock’s income appeal before results are released. How To Earn $500 A Month From Kroger Stock Ahead Of Q1 Earnings
• Neutral Sentiment: Analysts remain mixed: JPMorgan and Erste Group both lowered estimates or targets, but kept broadly cautious/neutral stances, suggesting limited near-term conviction either way. JPMorgan price target update
• Neutral Sentiment: Coverage ahead of earnings says Kroger may not have the right setup for an upside surprise, which keeps expectations tempered into the report. Kroger (KR) Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: Kroger agreed to pay $1.25 million to settle California claims that its Carbmaster bread labels overstated calorie reductions, adding another food-labeling legal overhang. Kroger to pay $1.25 million after California said its Carbmaster bread labels slashed calories in half

Kroger Stock Up 0.8%

Shares of NYSE KR opened at $64.65 on Friday. The stock has a market cap of $39.61 billion, a PE ratio of 42.26, a PEG ratio of 1.81 and a beta of 0.42. The business has a fifty day moving average of $66.68 and a two-hundred day moving average of $66.54. The Kroger Co. has a 52-week low of $58.60 and a 52-week high of $76.58. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.42 and a current ratio of 0.80.

Kroger Company Profile

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.