Brevan Howard Capital Management LP Increases Stake in The Kroger Co. $KR

by · The Cerbat Gem

Brevan Howard Capital Management LP boosted its holdings in shares of The Kroger Co. (NYSE:KR – Free Report) by 2,419.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,327 shares of the company’s stock after acquiring an additional 356,586 shares during the period. Brevan Howard Capital Management LP owned about 0.06% of Kroger worth $26,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Norges Bank bought a new position in shares of Kroger during the second quarter valued at approximately $518,267,000. Wellington Management Group LLP boosted its position in Kroger by 85.3% during the 1st quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company’s stock valued at $433,065,000 after acquiring an additional 2,945,848 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Kroger by 101.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 4,084,584 shares of the company’s stock valued at $276,485,000 after acquiring an additional 2,059,574 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in shares of Kroger by 299.6% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,420,495 shares of the company’s stock worth $173,622,000 after purchasing an additional 1,814,721 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Kroger during the second quarter valued at about $120,965,000. Institutional investors own 80.93% of the company’s stock.

Kroger Trading Up 1.5%

Shares of NYSE:KR opened at $63.15 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.88 and a debt-to-equity ratio of 2.28. The Kroger Co. has a 52-week low of $58.12 and a 52-week high of $74.90. The business has a 50-day moving average price of $66.03 and a 200-day moving average price of $68.00. The stock has a market cap of $41.85 billion, a price-to-earnings ratio of 58.47, a PEG ratio of 1.74 and a beta of 0.58.

Kroger (NYSE:KR – Get Free Report) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $33.86 billion for the quarter, compared to analyst estimates of $34.27 billion. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. Equities analysts predict that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a $0.35 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Kroger’s dividend payout ratio is presently 129.63%.

Analysts Set New Price Targets

KR has been the subject of a number of recent research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $70.00 target price (down from $78.00) on shares of Kroger in a report on Thursday, December 4th. Evercore ISI set a $77.00 price objective on shares of Kroger and gave the stock an “outperform” rating in a research report on Friday, December 5th. Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, September 17th. Roth Mkm raised shares of Kroger from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. Finally, Wall Street Zen lowered Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.18.

Get Our Latest Stock Report on KR

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.

Read More

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kroger Co. (NYSE:KR – Free Report).