Maj Invest Holding A S Has $98.88 Million Stake in The Kroger Co. $KR

Maj Invest Holding A S boosted its position in shares of The Kroger Co. (NYSE:KR) by 17.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,780,542 shares of the company’s stock after purchasing an additional 264,937 shares during the period. Kroger accounts for 4.5% of Maj Invest Holding A S’s investment portfolio, making the stock its 13th biggest holding. Maj Invest Holding A S owned 0.29% of Kroger worth $98,875,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC purchased a new position in shares of Kroger during the fourth quarter valued at $25,000. MV Capital Management Inc. acquired a new position in Kroger during the fourth quarter valued at $26,000. Whipplewood Advisors LLC purchased a new stake in Kroger in the 1st quarter worth about $27,000. Lloyd Advisory Services LLC. purchased a new stake in Kroger in the 4th quarter worth about $28,000. Finally, Axiom Investment Management LLC acquired a new stake in Kroger during the 1st quarter worth about $31,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Kroger Stock Down 1.1%

Shares of Kroger stock opened at $56.70 on Friday. The firm has a market cap of $34.74 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 1.52 and a beta of 0.43. The stock has a 50-day simple moving average of $59.15 and a 200-day simple moving average of $65.16. The Kroger Co. has a 52-week low of $54.15 and a 52-week high of $76.58. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.79 and a quick ratio of 0.39.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, June 18th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.01). The business had revenue of $46.12 billion for the quarter, compared to the consensus estimate of $45.59 billion. Kroger had a net margin of 0.71% and a return on equity of 44.33%. Kroger’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 EPS. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. On average, equities research analysts expect that The Kroger Co. will post 5.21 earnings per share for the current fiscal year.

Kroger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Kroger’s previous quarterly dividend of $0.35. Kroger’s payout ratio is 82.35%.

Wall Street Analysts Forecast Growth

KR has been the topic of a number of research reports. Morgan Stanley dropped their target price on Kroger from $73.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, June 22nd. Wells Fargo & Company set a $58.00 price target on shares of Kroger in a report on Monday, June 22nd. Barclays set a $61.00 price objective on shares of Kroger and gave the company an “equal weight” rating in a research report on Monday, June 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kroger in a research report on Monday, June 1st. Finally, Wall Street Zen lowered shares of Kroger from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Kroger Profile

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.