The Kroger Co. $KR Shares Sold by Fiduciary Family Office LLC

Fiduciary Family Office LLC trimmed its position in The Kroger Co. (NYSE:KR) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,852 shares of the company’s stock after selling 2,200 shares during the period. Kroger comprises about 0.8% of Fiduciary Family Office LLC’s portfolio, making the stock its 20th largest holding. Fiduciary Family Office LLC’s holdings in Kroger were worth $2,356,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KR. Wellington Management Group LLP boosted its holdings in Kroger by 85.3% in the 1st quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company’s stock worth $433,065,000 after buying an additional 2,945,848 shares during the last quarter. Nuveen LLC acquired a new stake in Kroger in the 1st quarter worth about $178,385,000. Alyeska Investment Group L.P. boosted its holdings in Kroger by 101.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock worth $276,485,000 after buying an additional 2,059,574 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Kroger in the 2nd quarter worth about $120,965,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Kroger by 80.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,185,530 shares of the company’s stock worth $156,768,000 after buying an additional 976,100 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Stock Up 0.3%

Shares of NYSE KR opened at $69.18 on Tuesday. The firm has a market cap of $45.84 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.01 and a beta of 0.57. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85. The Kroger Co. has a 52-week low of $55.60 and a 52-week high of $74.90. The business’s 50 day moving average is $67.93 and its two-hundred day moving average is $69.12.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Research analysts predict that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. Kroger’s dividend payout ratio is currently 35.53%.

Wall Street Analysts Forecast Growth

KR has been the topic of several recent research reports. Wall Street Zen upgraded Kroger from a “buy” rating to a “strong-buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft boosted their target price on Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a report on Monday, June 23rd. Barclays initiated coverage on Kroger in a report on Monday, July 21st. They set an “equal weight” rating and a $75.00 target price on the stock. UBS Group restated a “neutral” rating and set a $74.00 target price (up from $66.00) on shares of Kroger in a report on Monday, June 23rd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $82.00 target price on shares of Kroger in a report on Thursday, September 11th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.