Soltis Investment Advisors LLC Lowers Stock Position in The Kroger Co. $KR

by · The Cerbat Gem

Soltis Investment Advisors LLC cut its position in shares of The Kroger Co. (NYSE:KR – Free Report) by 96.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,683 shares of the company’s stock after selling 119,807 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Kroger were worth $336,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KR. Achmea Investment Management B.V. grew its holdings in shares of Kroger by 3.0% in the second quarter. Achmea Investment Management B.V. now owns 465,894 shares of the company’s stock valued at $33,418,000 after acquiring an additional 13,621 shares in the last quarter. Sienna Gestion boosted its position in Kroger by 10.2% in the second quarter. Sienna Gestion now owns 121,905 shares of the company’s stock worth $7,983,000 after purchasing an additional 11,291 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Kroger in the 2nd quarter valued at $28,000. ROI Financial Advisors LLC increased its position in shares of Kroger by 2.6% during the 2nd quarter. ROI Financial Advisors LLC now owns 7,996 shares of the company’s stock valued at $574,000 after purchasing an additional 199 shares during the last quarter. Finally, Milestone Asset Management LLC bought a new stake in shares of Kroger during the 2nd quarter worth $812,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on KR. Guggenheim restated a “buy” rating and set a $78.00 price target on shares of Kroger in a research report on Friday, September 12th. Argus set a $85.00 price target on shares of Kroger in a research note on Thursday, September 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $75.00 price objective (down previously from $82.00) on shares of Kroger in a research note on Wednesday, August 20th. Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Barclays assumed coverage on 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 research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.50.

Read Our Latest Stock Report on Kroger

Kroger Stock Performance

Shares of KR opened at $64.89 on Friday. The Kroger Co. has a 52-week low of $57.08 and a 52-week high of $74.90. The stock’s 50-day simple moving average is $66.79 and its 200 day simple moving average is $68.87. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. The stock has a market capitalization of $43.00 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55.

Kroger (NYSE:KR – Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $33.94 billion during 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 revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Research analysts forecast that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The firm 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, November 14th. Kroger’s dividend payout ratio (DPR) is 35.53%.

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.

See Also

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