Callan Family Office LLC Grows Position in The Kroger Co. $KR

Callan Family Office LLC boosted its stake in shares of The Kroger Co. (NYSE:KR) by 726.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 57,602 shares of the company’s stock after buying an additional 50,628 shares during the quarter. Callan Family Office LLC’s holdings in Kroger were worth $4,132,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of KR. Accent Capital Management LLC purchased a new position in Kroger during the first quarter valued at $25,000. SOA Wealth Advisors LLC. lifted its position in Kroger by 6,840.0% during the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after purchasing an additional 342 shares in the last quarter. Garde Capital Inc. purchased a new position in shares of Kroger in the first quarter valued at about $31,000. Capital Analysts LLC purchased a new position in shares of Kroger in the first quarter valued at about $36,000. Finally, Sound Income Strategies LLC lifted its position in shares of Kroger by 46.7% in the first quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Trading Up 0.5%

Shares of KR stock opened at $67.88 on Friday. The Kroger Co. has a 12-month low of $54.88 and a 12-month 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 stock’s 50-day moving average price is $68.47 and its 200-day moving average price is $69.05. The stock has a market capitalization of $44.98 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 1.96 and a beta of 0.57.

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

Kroger Dividend Announcement

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

Insiders Place Their Bets

In other Kroger news, Director Clyde R. Moore sold 3,810 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $71.61, for a total transaction of $272,834.10. Following the sale, the director directly owned 85,850 shares of the company’s stock, valued at $6,147,718.50. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on KR shares. Jefferies Financial Group set a $83.00 price objective on Kroger and gave the company a “buy” rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $75.00 price objective (down from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Telsey Advisory Group restated an “outperform” rating and issued a $82.00 price objective on shares of Kroger in a research report on Thursday, September 11th. Roth Capital upgraded Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, September 17th. Finally, Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Kroger currently has an average rating of “Moderate Buy” and a consensus price target of $73.63.

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.