ProShare Advisors LLC Has $9.41 Million Stake in The Kroger Co. $KR

ProShare Advisors LLC lifted its stake in The Kroger Co. (NYSE:KR) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 131,115 shares of the company’s stock after buying an additional 6,650 shares during the period. ProShare Advisors LLC’s holdings in Kroger were worth $9,405,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in shares of Kroger during the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. raised its stake 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 valued at $25,000 after buying an additional 342 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Kroger during the 2nd quarter valued at about $28,000. Rossby Financial LCC bought a new stake in Kroger in the second quarter valued at about $29,000. Finally, Whipplewood Advisors LLC raised its position in Kroger by 10,425.0% in the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 417 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KR shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $75.00 price objective (down from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Guggenheim restated a “buy” rating and set a $78.00 target price on shares of Kroger in a research report on Friday, September 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a research report on Wednesday, October 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $82.00 price objective on shares of Kroger in a research note on Thursday, September 11th. Finally, Barclays initiated coverage on shares of Kroger in a research note on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.50.

Kroger Trading Up 0.6%

Shares of KR stock opened at $65.43 on Thursday. The Kroger Co. has a fifty-two week low of $57.08 and a fifty-two week high of $74.90. 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 stock has a 50 day simple moving average of $66.60 and a two-hundred day simple moving average of $68.72. The company has a market cap of $43.36 billion, a P/E ratio of 16.61, a PEG ratio of 1.92 and a beta of 0.55.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping 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 company had revenue of $33.94 billion during the quarter, compared to the consensus estimate of $34.08 billion. During the same quarter last year, the firm posted $0.93 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Research analysts forecast that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

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

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.