The Kroger Co. $KR Shares Sold by Comprehensive Money Management Services LLC

Comprehensive Money Management Services LLC cut its stake in The Kroger Co. (NYSE:KR) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,561 shares of the company’s stock after selling 165 shares during the period. Comprehensive Money Management Services LLC’s holdings in Kroger were worth $327,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KR. Accent Capital Management LLC acquired a new stake in shares of Kroger in the first quarter worth approximately $25,000. SOA Wealth Advisors LLC. lifted its position in Kroger by 6,840.0% during 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. Garde Capital Inc. acquired a new position in Kroger during the first quarter valued at approximately $31,000. Capital Analysts LLC acquired a new position in Kroger during the first quarter valued at approximately $36,000. Finally, Sound Income Strategies LLC lifted its position in Kroger by 46.7% during the first quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock valued at $37,000 after buying an additional 175 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on KR shares. UBS Group reaffirmed a “neutral” rating and set a $74.00 price target (up from $66.00) on shares of Kroger in a research report on Monday, June 23rd. Guggenheim reaffirmed a “buy” rating and set a $78.00 price target on shares of Kroger in a research report on Friday, September 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $82.00 price target on shares of Kroger in a research report on Thursday, September 11th. Wall Street Zen cut shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $75.00 price target (down from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.63.

Kroger Trading Up 0.5%

KR opened at $67.88 on Friday. The stock has a market capitalization of $44.98 billion, a PE ratio of 17.23, a P/E/G ratio of 1.96 and a beta of 0.57. The firm’s fifty day moving average price is $68.47 and its 200 day moving average price is $69.05. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.54. The Kroger Co. has a 12-month low of $54.88 and a 12-month 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, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $33.94 billion for 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 quarterly revenue 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. As a group, research analysts expect that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Announces Dividend

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

Insider Transactions at Kroger

In related news, Director Clyde R. Moore sold 3,810 shares of the company’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $71.61, for a total value of $272,834.10. Following the sale, the director directly owned 85,850 shares of the company’s stock, valued at $6,147,718.50. This represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.44% of the stock is owned by corporate insiders.

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.