Robeco Institutional Asset Management B.V. Sells 74,292 Shares of The Kroger Co. $KR

by · The Markets Daily

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of The Kroger Co. (NYSE:KR – Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,111,238 shares of the company’s stock after selling 74,292 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.32% of Kroger worth $142,319,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KR. SOA Wealth Advisors LLC. increased its holdings in shares of Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after acquiring an additional 342 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Kroger in the second quarter valued at about $28,000. Rossby Financial LCC purchased a new position in Kroger in the second quarter valued at about $29,000. Whipplewood Advisors LLC raised its holdings in Kroger by 10,425.0% in the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 417 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its position in shares of Kroger by 87.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock valued at $32,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Kroger Price Performance

NYSE KR opened at $61.75 on Tuesday. The company has a market cap of $39.08 billion, a price-to-earnings ratio of 57.18, a PEG ratio of 1.77 and a beta of 0.61. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.45. The stock’s fifty day moving average price is $64.32 and its 200 day moving average price is $67.62. The Kroger Co. has a 1 year low of $58.12 and a 1 year high of $74.90.

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup reiterated a “neutral” rating and set a $68.00 price objective (down previously from $74.00) on shares of Kroger in a research note on Wednesday, December 10th. JPMorgan Chase & Co. reduced their price target on Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Argus set a $85.00 price objective on Kroger in a research report on Thursday, September 18th. Guggenheim restated a “buy” rating and set a $78.00 target price on shares of Kroger in a research note on Wednesday, November 19th. Finally, Evercore ISI set a $77.00 target price on Kroger and gave the company an “outperform” rating in a research report on Friday, December 5th. Eight 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, Kroger presently has an average rating of “Hold” and a consensus target price of $74.13.

Check Out Our Latest Stock Analysis on KR

Kroger Company Profile

(Free Report)

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.

Further Reading