Parsons Capital Management Inc. RI Has $1.12 Million Holdings in The Kroger Co. $KR

Parsons Capital Management Inc. RI lifted its stake in The Kroger Co. (NYSE:KR) by 4.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 15,611 shares of the company’s stock after buying an additional 596 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Kroger were worth $1,120,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Robeco Institutional Asset Management B.V. raised its holdings in shares of Kroger by 80.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,185,530 shares of the company’s stock worth $156,768,000 after buying an additional 976,100 shares in the last quarter. USA Financial Formulas raised its holdings in shares of Kroger by 5.0% in the 2nd quarter. USA Financial Formulas now owns 13,506 shares of the company’s stock worth $969,000 after buying an additional 646 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after buying an additional 342 shares in the last quarter. Community Bank & Trust Waco Texas raised its holdings in shares of Kroger by 7.4% in the 2nd quarter. Community Bank & Trust Waco Texas now owns 18,673 shares of the company’s stock worth $1,339,000 after buying an additional 1,288 shares in the last quarter. Finally, Childress Capital Advisors LLC raised its holdings in shares of Kroger by 8.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 3,457 shares of the company’s stock worth $248,000 after buying an additional 264 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Clyde R. Moore sold 26,814 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $70.50, for a total value of $1,890,387.00. Following the transaction, the director directly owned 99,143 shares in the company, valued at $6,989,581.50. This trade represents a 21.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is owned by corporate insiders.

Kroger Stock Down 0.1%

Shares of KR opened at $66.43 on Friday. The firm has a market capitalization of $44.02 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.93 and a beta of 0.57. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. The business’s fifty day moving average price is $68.86 and its two-hundred day moving average price is $68.98. The Kroger Co. has a 52 week low of $54.88 and a 52 week high of $74.90.

Kroger (NYSE:KR) last announced 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 firm had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on KR. Wall Street Zen lowered Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. Jefferies Financial Group set a $83.00 price target on Kroger and gave the stock a “buy” rating in a research report on Monday, June 23rd. Roth Mkm upgraded Kroger from a “neutral” rating to a “buy” rating and increased their price target for the stock from $66.00 to $75.00 in a research report on Wednesday, September 17th. Morgan Stanley set a $76.00 price target on Kroger and gave the stock an “equal weight” rating in a research report on Monday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a research report on Monday, June 23rd. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.63.

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.