The Kroger Co. $KR Shares Acquired by Horrell Capital Management Inc.

Horrell Capital Management Inc. boosted its holdings in The Kroger Co. (NYSE:KR) by 2.2% in the second quarter, HoldingsChannel.com reports. The firm owned 54,854 shares of the company’s stock after buying an additional 1,194 shares during the quarter. Kroger comprises about 1.6% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Horrell Capital Management Inc.’s holdings in Kroger were worth $3,935,000 at the end of the most recent reporting period.

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

Kroger Stock Up 0.9%

Shares of Kroger stock opened at $65.05 on Wednesday. The company has a market cap of $43.11 billion, a P/E ratio of 16.51, a PEG ratio of 1.92 and a beta of 0.55. The firm has a fifty day moving average of $66.66 and a two-hundred day moving average of $68.74. 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 Kroger Co. has a one year low of $57.08 and a one year high of $74.90.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $33.94 billion during the quarter, compared to analysts’ expectations of $34.08 billion. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, analysts forecast that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.35 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Kroger’s payout ratio is 35.53%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays assumed coverage on Kroger in a research report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price for the company. Telsey Advisory Group reissued an “outperform” rating and issued a $82.00 price objective on shares of Kroger in a report on Thursday, September 11th. Wall Street Zen lowered shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Guggenheim reiterated a “buy” rating and issued a $78.00 price target on shares of Kroger in a research report on Friday, September 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Kroger in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $74.50.

Kroger Company 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.