Shell Asset Management Co. Has $808,000 Stock Position in The Kroger Co. $KR

Shell Asset Management Co. reduced its stake in The Kroger Co. (NYSE:KR) by 64.8% during the 3rd quarter, Holdings Channel reports. The fund owned 11,993 shares of the company’s stock after selling 22,093 shares during the period. Shell Asset Management Co.’s holdings in Kroger were worth $808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. WESPAC Advisors LLC grew its position in shares of Kroger by 1.2% in the third quarter. WESPAC Advisors LLC now owns 13,585 shares of the company’s stock valued at $916,000 after purchasing an additional 167 shares during the last quarter. WPG Advisers LLC lifted its holdings in Kroger by 16.8% during the 3rd quarter. WPG Advisers LLC now owns 1,160 shares of the company’s stock worth $78,000 after purchasing an additional 167 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Kroger by 4.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,648 shares of the company’s stock valued at $262,000 after purchasing an additional 170 shares during the period. Community Bank & Trust Waco Texas grew its holdings in Kroger by 0.9% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 18,846 shares of the company’s stock valued at $1,270,000 after buying an additional 173 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its position in Kroger by 1.8% during the 3rd quarter. Perigon Wealth Management LLC now owns 9,869 shares of the company’s stock worth $665,000 after buying an additional 174 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Price Performance

KR stock opened at $71.17 on Tuesday. The company’s 50-day moving average price is $63.60 and its two-hundred day moving average price is $66.14. The firm has a market cap of $45.04 billion, a P/E ratio of 65.90, a P/E/G ratio of 1.81 and a beta of 0.62. The company has a quick ratio of 0.45, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. The Kroger Co. has a 12 month low of $58.60 and a 12 month high of $74.90.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $33.86 billion during 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 firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 13th. Kroger’s dividend payout ratio (DPR) is currently 129.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KR. UBS Group reissued a “neutral” rating and issued a $70.00 target price (down previously from $74.00) on shares of Kroger in a research report on Friday, December 5th. Wall Street Zen cut shares of Kroger from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Evercore set a $77.00 price objective on shares of Kroger and gave the company an “outperform” rating in a report on Friday, December 5th. Citigroup restated a “neutral” rating and set a $68.00 target price (down previously from $74.00) on shares of Kroger in a research report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Kroger currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.07.

Kroger Profile

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.