11,468 Shares in The Kroger Co. $KR Bought by TrueWealth Advisors LLC

TrueWealth Advisors LLC bought a new stake in The Kroger Co. (NYSE:KR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,468 shares of the company’s stock, valued at approximately $773,000.

A number of other hedge funds have also made changes to their positions in KR. Norges Bank purchased a new stake in shares of Kroger in the 2nd quarter worth about $518,267,000. Franklin Resources Inc. raised its position in Kroger by 7.9% during the second quarter. Franklin Resources Inc. now owns 4,126,866 shares of the company’s stock worth $296,028,000 after acquiring an additional 300,784 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Kroger by 101.7% in the first quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock valued at $276,485,000 after purchasing an additional 2,059,574 shares in the last quarter. Brandywine Global Investment Management LLC grew its position in shares of Kroger by 2.9% in the second quarter. Brandywine Global Investment Management LLC now owns 2,956,142 shares of the company’s stock valued at $212,044,000 after purchasing an additional 83,735 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Kroger by 10.5% during the 2nd quarter. Captrust Financial Advisors now owns 2,743,113 shares of the company’s stock worth $196,763,000 after purchasing an additional 260,753 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup reaffirmed a “neutral” rating and issued a $68.00 target price (down previously from $74.00) on shares of Kroger in a research note on Wednesday, December 10th. Wall Street Zen cut Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and upped their price objective for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Roth Capital raised Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, September 17th. Finally, Evercore ISI set a $77.00 target price on shares of Kroger and gave the company an “outperform” rating in a research note on Friday, December 5th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.13.

Kroger Stock Up 1.1%

Shares of NYSE:KR opened at $63.00 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.45 and a debt-to-equity ratio of 2.28. The firm has a market cap of $39.87 billion, a price-to-earnings ratio of 58.33, a PEG ratio of 1.76 and a beta of 0.58. The stock’s 50-day moving average price is $65.13 and its two-hundred day moving average price is $67.72. The Kroger Co. has a 12-month low of $58.12 and a 12-month high of $74.90.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The company had revenue of $33.86 billion during the quarter, compared to the consensus estimate of $34.27 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, research analysts forecast that The Kroger Co. will post 4.44 EPS for the current year.

About Kroger

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.