Valmark Advisers Inc. Acquires 3,544 Shares of The Kroger Co. $KR

by · The Cerbat Gem

Valmark Advisers Inc. raised its holdings in The Kroger Co. (NYSE:KRFree Report) by 83.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,804 shares of the company’s stock after buying an additional 3,544 shares during the period. Valmark Advisers Inc.’s holdings in Kroger were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Accent Capital Management LLC bought a new position in shares of Kroger in the first quarter valued at $25,000. SOA Wealth Advisors LLC. lifted 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. Garde Capital Inc. bought a new position in shares of Kroger in the first quarter valued at $31,000. Capital Analysts LLC bought a new position in shares of Kroger in the first quarter valued at $36,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Kroger by 46.7% in 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.

Kroger Trading Down 0.9%

Shares of KR stock opened at $67.54 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85. The business’s 50 day moving average is $68.54 and its two-hundred day moving average is $69.02. The company has a market capitalization of $44.76 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.98 and a beta of 0.57. The Kroger Co. has a twelve month low of $54.88 and a twelve month high of $74.90.

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

Kroger Dividend Announcement

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

Wall Street Analyst Weigh In

KR has been the subject of several analyst reports. Wall Street Zen downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 21st. Telsey Advisory Group reissued an “outperform” rating and set a $82.00 price target on shares of Kroger in a research report on Thursday, September 11th. Morgan Stanley set a $76.00 price target on shares of Kroger and gave the company an “equal weight” rating in a research report on Monday, June 23rd. Jefferies Financial Group set a $83.00 price target on shares of Kroger and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Barclays began coverage on shares of Kroger in a research report on Monday, July 21st. They set an “equal weight” rating and a $75.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Kroger has a consensus rating of “Moderate Buy” and an average price target of $73.63.

Get Our Latest Research Report on KR

Insider Activity at Kroger

In other news, Director Clyde R. Moore sold 3,810 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $71.61, for a total value of $272,834.10. Following the completion of the sale, the director directly owned 85,850 shares of the company’s stock, valued at $6,147,718.50. This trade represents a 4.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is owned by corporate insiders.

About Kroger

(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.

See Also

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