Elevation Point Wealth Partners LLC Decreases Stake in The Kroger Co. $KR

Elevation Point Wealth Partners LLC decreased its holdings in The Kroger Co. (NYSE:KR) by 83.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,525 shares of the company’s stock after selling 7,696 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Kroger were worth $109,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KR. Wellington Management Group LLP increased its holdings in shares of Kroger by 85.3% in the 1st quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company’s stock valued at $433,065,000 after purchasing an additional 2,945,848 shares in the last quarter. Nuveen LLC purchased a new stake in Kroger during the first quarter worth about $178,385,000. Alyeska Investment Group L.P. grew its position in Kroger by 101.7% during the first quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock worth $276,485,000 after buying an additional 2,059,574 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Kroger in the second quarter valued at about $120,965,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Kroger by 80.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,185,530 shares of the company’s stock valued at $156,768,000 after acquiring an additional 976,100 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Stock Up 0.4%

KR opened at $67.55 on Tuesday. The firm has a market cap of $44.76 billion, a P/E ratio of 17.14, a PEG ratio of 1.92 and a beta of 0.55. The business’s fifty day simple moving average is $66.49 and its 200 day simple moving average is $68.32. The Kroger Co. has a 52 week low of $57.69 and a 52 week high of $74.90. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85.

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

Kroger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a dividend of $0.35 per share. The ex-dividend date was Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Kroger’s dividend payout ratio (DPR) is 35.53%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KR shares. JPMorgan Chase & Co. lowered their price target on Kroger from $75.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Kroger in a report on Tuesday, November 25th. Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $75.00 in a research note on Wednesday, September 17th. Evercore ISI decreased their price objective on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Finally, Wall Street Zen downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.39.

About Kroger

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.