Strs Ohio Sells 161,265 Shares of The Kroger Co. $KR

Strs Ohio trimmed its holdings in shares of The Kroger Co. (NYSE:KRFree Report) by 32.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,501 shares of the company’s stock after selling 161,265 shares during the period. Strs Ohio owned 0.05% of Kroger worth $22,549,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its stake in shares of Kroger by 6,840.0% in the second 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 bought a new stake in Kroger during the 2nd quarter worth about $28,000. Rossby Financial LCC acquired a new stake in Kroger in the 2nd quarter valued at about $29,000. Whipplewood Advisors LLC raised its stake in shares of 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 acquiring an additional 417 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its position in shares of Kroger by 87.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Key Headlines Impacting Kroger

Here are the key news stories impacting Kroger this week:

Analyst Ratings Changes

Several research firms recently weighed in on KR. Barclays set a $68.00 price objective on shares of Kroger and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Wall Street Zen cut Kroger from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Evercore ISI set a $77.00 price target on Kroger and gave the company an “outperform” rating in a research note on Friday, December 5th. Morgan Stanley set a $67.00 price objective on Kroger and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.80.

View Our Latest Report on Kroger

Kroger Trading Up 2.5%

NYSE KR 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 stock has a 50-day simple moving average of $63.51 and a 200 day simple 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. The company has a market capitalization of $40.66 billion, a PE ratio of 59.48, a P/E/G ratio of 1.80 and a beta of 0.61.

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

About Kroger

(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.

See Also

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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