Resona Asset Management Co. Ltd. Decreases Stock Holdings in The Kroger Co. $KR

by · The Cerbat Gem

Resona Asset Management Co. Ltd. lessened its holdings in The Kroger Co. (NYSE:KR – Free Report) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,989 shares of the company’s stock after selling 11,470 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Kroger were worth $21,293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KR. Monument Capital Management purchased a new position in Kroger in the second quarter valued at approximately $2,901,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of Kroger by 2,313.4% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 138,915 shares of the company’s stock valued at $9,964,000 after buying an additional 133,159 shares in the last quarter. Advocate Group LLC boosted its holdings in shares of Kroger by 16.6% in the 2nd quarter. Advocate Group LLC now owns 121,392 shares of the company’s stock valued at $8,707,000 after buying an additional 17,284 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in Kroger during the 2nd quarter worth $480,000. Finally, Sowell Financial Services LLC raised its stake in Kroger by 8.1% during the 2nd quarter. Sowell Financial Services LLC now owns 51,805 shares of the company’s stock worth $3,716,000 after acquiring an additional 3,869 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Trading Up 0.5%

NYSE:KR opened at $63.44 on Friday. The Kroger Co. has a 12-month low of $57.08 and a 12-month high of $74.90. 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 stock’s 50 day simple moving average is $66.85 and its 200-day simple moving average is $68.93. The firm has a market cap of $42.04 billion, a P/E ratio of 16.10, a PEG ratio of 1.92 and a beta of 0.55.

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

Kroger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.35 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. Kroger’s dividend payout ratio (DPR) is presently 35.53%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KR shares. Barclays started coverage on shares of Kroger in a research note on Monday, July 21st. They issued an “equal weight” rating and a $75.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Kroger in a research report on Wednesday, October 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $82.00 price objective on shares of Kroger in a report on Thursday, September 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $75.00 price target (down previously from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Finally, Argus set a $85.00 price target on shares of Kroger in a research note on Thursday, September 18th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.50.

Get Our Latest Stock Report on KR

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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