Resona Asset Management Co. Ltd. Decreases Stock Holdings in The Kroger Co. $KR

Resona Asset Management Co. Ltd. lowered its stake in shares of The Kroger Co. (NYSE:KRFree Report) by 3.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 288,040 shares of the company’s stock after selling 8,949 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Kroger were worth $19,384,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Kroger during the second quarter valued at approximately $518,267,000. Worldquant Millennium Advisors LLC raised its stake in Kroger by 299.6% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,420,495 shares of the company’s stock valued at $173,622,000 after buying an additional 1,814,721 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Kroger during the 2nd quarter valued at $120,965,000. Raymond James Financial Inc. boosted its stake in shares of Kroger by 95.6% in the 2nd quarter. Raymond James Financial Inc. now owns 2,434,663 shares of the company’s stock worth $174,638,000 after buying an additional 1,190,127 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Kroger by 80.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,185,530 shares of the company’s stock worth $156,768,000 after acquiring an additional 976,100 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Trending Headlines about Kroger

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Analyst Ratings Changes

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Kroger in a report on Monday, December 29th. Evercore ISI set a $77.00 price objective on shares of Kroger and gave the stock an “outperform” rating in a report on Friday, December 5th. Telsey Advisory Group restated an “outperform” rating and set a $80.00 target price (down from $82.00) on shares of Kroger in a research report on Monday, December 1st. Wells Fargo & Company reiterated an “overweight” rating and issued a $70.00 price target (down from $78.00) on shares of Kroger in a research report on Thursday, December 4th. Finally, Morgan Stanley set a $67.00 price target on shares of Kroger and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.80.

View Our Latest Research Report on Kroger

Kroger Trading Up 2.5%

Kroger stock opened at $64.24 on Friday. The Kroger Co. has a 12-month low of $58.32 and a 12-month high of $74.90. The firm has a market capitalization of $40.66 billion, a price-to-earnings ratio of 59.48, a P/E/G ratio of 1.80 and a beta of 0.61. The firm has a 50 day moving average of $63.51 and a 200 day moving average of $66.73. The company has a current ratio of 0.88, a quick ratio of 0.45 and a debt-to-equity ratio of 2.28.

Kroger (NYSE:KRGet Free Report) last issued its quarterly earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The business had revenue of $33.86 billion for the quarter, compared to the consensus estimate of $34.27 billion. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. As a group, research analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Profile

(Free Report)

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.

Further Reading

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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