25,723 Shares in The Kroger Co. $KR Purchased by WealthCare Asset Management LLC

WealthCare Asset Management LLC purchased a new position in shares of The Kroger Co. (NYSE:KR) during the third quarter, Holdings Channel reports. The firm purchased 25,723 shares of the company’s stock, valued at approximately $1,508,000. Kroger makes up approximately 1.3% of WealthCare Asset Management LLC’s holdings, making the stock its 21st biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in KR. Apollon Wealth Management LLC raised its holdings in Kroger by 14.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 13,132 shares of the company’s stock valued at $770,000 after acquiring an additional 1,629 shares in the last quarter. Townsend & Associates Inc lifted its position in shares of Kroger by 3.4% during the 3rd quarter. Townsend & Associates Inc now owns 230,529 shares of the company’s stock valued at $14,669,000 after acquiring an additional 7,621 shares during the period. Total Wealth Planning & Management Inc. bought a new stake in shares of Kroger during the 3rd quarter valued at $1,462,000. Citizens Financial Group Inc. RI grew its holdings in shares of Kroger by 97.3% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 18,947 shares of the company’s stock worth $1,111,000 after purchasing an additional 9,343 shares in the last quarter. Finally, Simplicity Wealth LLC grew its holdings in shares of Kroger by 133.0% during the 3rd quarter. Simplicity Wealth LLC now owns 12,265 shares of the company’s stock worth $719,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KR. Weiss Ratings restated a “hold (c)” rating on shares of Kroger in a research report on Monday, September 14th. Citigroup reaffirmed a “neutral” rating and issued a $57.00 price target (down from $61.00) on shares of Kroger in a research note on Tuesday, September 1st. Wells Fargo & Company set a $60.00 price objective on shares of Kroger and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. Roth Capital reiterated a “buy” rating and set a $73.00 price objective on shares of Kroger in a research note on Monday, September 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $70.00 target price on shares of Kroger in a report on Wednesday, October 21st. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.35.

Insider Activity

In other news, EVP Mary Adcock sold 72,901 shares of the stock in a transaction on Friday, September 18th. The stock was sold at an average price of $60.70, for a total value of $4,425,090.70. Following the completion of the transaction, the executive vice president directly owned 175,233 shares in the company, valued at approximately $10,636,643.10. This represents a 29.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Kroger Stock Performance

NYSE:KR opened at $66.79 on Tuesday. The Kroger Co. has a twelve month low of $54.15 and a twelve month high of $76.58. The company has a quick ratio of 0.31, a current ratio of 0.70 and a debt-to-equity ratio of 2.59. The stock’s 50-day simple moving average is $59.67 and its 200 day simple moving average is $63.45. The firm has a market capitalization of $39.44 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.88 and a beta of 0.36.

Kroger (NYSE:KR) last issued its earnings results on Friday, September 11th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.05 by $0.04. The firm had revenue of $34.62 billion during the quarter, compared to the consensus estimate of $34.64 billion. Kroger had a return on equity of 49.90% and a net margin of 0.73%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. On average, analysts anticipate that The Kroger Co. will post 5.20 EPS for the current fiscal year.

Kroger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 annualized dividend and a dividend yield of 2.3%. Kroger’s payout ratio is 84.78%.

Kroger Profile

The Kroger Co is a U.S. food and grocery retailer headquartered in Cincinnati, Ohio. Founded by Bernard Kroger in 1883, the company operates supermarkets under banners that include Kroger, Ralphs, Fred Meyer, King Soopers, Fry’s, Harris Teeter and Smith’s, among others.

Kroger’s business includes the sale of fresh food, groceries, general merchandise, household products and health and beauty items. Many of its stores also provide pharmacy services and fuel centers. The company offers digital shopping, pickup and delivery services, loyalty programs and a range of private-label products, including Simple Truth, Private Selection and Kroger-branded products.

Kroger primarily serves customers across the United States, with stores concentrated in the Midwest, South, West and parts of the Mid-Atlantic region.