Mitchell Capital Management Co. Lowers Holdings in The Kroger Co. $KR

Mitchell Capital Management Co. trimmed its holdings in The Kroger Co. (NYSE:KR) by 55.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,184 shares of the company’s stock after selling 54,207 shares during the quarter. Mitchell Capital Management Co.’s holdings in Kroger were worth $3,083,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after acquiring an additional 3,373 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Kroger by 37.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 916 shares of the company’s stock worth $62,000 after acquiring an additional 249 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Kroger by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 25,209 shares of the company’s stock worth $1,706,000 after acquiring an additional 2,347 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Kroger by 31.5% during the 1st quarter. Simon Quick Advisors LLC now owns 5,329 shares of the company’s stock worth $361,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Tritonpoint Wealth LLC purchased a new stake in shares of Kroger during the 1st quarter worth about $228,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kroger news, Director Clyde R. Moore sold 3,810 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $71.61, for a total value of $272,834.10. Following the completion of the sale, the director owned 85,850 shares in the company, valued at approximately $6,147,718.50. This represents a 4.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.44% of the company’s stock.

Kroger Stock Up 0.5%

KR opened at $67.88 on Monday. The Kroger Co. has a twelve month low of $54.88 and a twelve month 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. The company has a 50-day moving average price of $68.47 and a 200 day moving average price of $69.09. The company has a market cap of $44.98 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.97 and a beta of 0.57.

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

Kroger Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KR. JPMorgan Chase & Co. reissued a “neutral” rating and set a $75.00 target price (down from $82.00) on shares of Kroger in a research note on Wednesday, August 20th. Wall Street Zen lowered shares of Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Morgan Stanley set a $76.00 target price on shares of Kroger and gave the stock an “equal weight” rating in a research note on Monday, June 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Kroger in a research report on Wednesday, October 8th. Finally, Argus set a $85.00 price target on shares of Kroger in a research report on Thursday, September 18th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.