Kroger Co. (KR)

Foundations Investment Advisors LLC Purchases New Stake in The Kroger Co. (NYSE:KR)

Foundations Investment Advisors LLC acquired a new stake in The Kroger Co. (NYSE:KR – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,962 shares of the company’s stock, valued at approximately $232,000. A number of other large investors have also recently made changes to their positions in KR. SouthState Corp lifted its position in shares of Kroger by 334.3% during the fourth quarter. SouthState Corp now owns 595 shares of the company’s stock valued at $27,000 after purchasing an additional 458 shares in the last quarter. VisionPoint Advisory Group LLC lifted its holdings in Kroger by 370.1% during the third quarter. VisionPoint Advisory Group LLC now owns 630 shares of the company’s stock worth $28,000 after acquiring an additional 496 shares during the period. ORG Partners LLC boosted its position in Kroger by 613.0% in the fourth quarter. ORG Partners LLC now owns 820 shares of the company’s stock worth $38,000 after purchasing an additional 705 shares during the last quarter. First Command Advisory Services Inc. bought a new position in Kroger in the 3rd quarter valued at $40,000. Finally, Field & Main Bank purchased a new stake in shares of Kroger during the 4th quarter valued at $45,000. 80.93% of the stock is owned by institutional investors. Analysts Set New Price Targets Several equities analysts recently weighed in on KR shares. BNP Paribas restated an “underperform” rating and set a $48.00 price target on shares of Kroger in a research report on Monday, April 8th. Wells Fargo & Company raised shares of Kroger from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $58.00 to $65.00 in a research report on Tuesday, April 16th. Telsey Advisory Group restated an “outperform” rating and set a $62.00 price target on shares of Kroger in a research note on Tuesday, April 23rd. Guggenheim upped their price objective on Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Evercore ISI decreased their target price on Kroger from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.17. Get Our Latest Analysis on Kroger Kroger Stock Down 0.4 % Shares of NYSE:KR opened at $54.20 on Monday. The company has a market cap of $39.12 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.53 and a beta of 0.49. The Kroger Co. has a one year low of $42.10 and a one year high of $58.34. The firm has a fifty day moving average price of $55.89 and a two-hundred day moving average price of $49.41. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.36. Kroger (NYSE:KR – Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.21. Kroger had a return on equity of 31.44% and a net margin of 1.44%. The business had revenue of $37.06 billion for the quarter, compared to analyst estimates of $37.07 billion. During the same period in the prior year, the company earned $0.99 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that The Kroger Co. will post 4.43 EPS for the current fiscal year. Kroger Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, May 14th. Kroger’s dividend payout ratio is currently 39.19%. Insider Buying and Selling In other news, SVP Valerie L. Jabbar sold 15,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $55.52, for a total value of $832,800.00. Following the completion of the transaction, the senior vice president now directly owns 77,696 shares in the company, valued at approximately $4,313,681.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Carin L. Fike sold 3,929 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total transaction of $224,070.87. Following the transaction, the vice president now directly owns 3,768 shares in the company, valued at approximately $214,889.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Valerie L. Jabbar sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total value of $832,800.00. Following the sale, the senior vice president now directly owns 77,696 shares of the company’s stock, valued at approximately $4,313,681.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,796 shares of company stock worth $3,118,767. Corporate insiders own 1.40% of the company’s stock. Kroger Profile (Free Report) 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. 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