Ergawealth Advisors Inc. Purchases New Holdings in The Kroger Co. $KR

Ergawealth Advisors Inc. acquired a new position in The Kroger Co. (NYSE:KR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,264 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accent Capital Management LLC purchased a new stake in shares of Kroger in the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. boosted its holdings in Kroger by 6,840.0% in the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after acquiring an additional 342 shares in the last quarter. Garde Capital Inc. purchased a new stake in shares of Kroger in the first quarter worth $31,000. Capital Analysts LLC purchased a new stake in shares of Kroger in the first quarter worth $36,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Kroger by 46.7% during the first quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Kroger Price Performance

Shares of KR opened at $66.30 on Friday. The firm has a fifty day simple moving average of $68.75 and a two-hundred day simple moving average of $69.00. The firm has a market cap of $43.93 billion, a PE ratio of 16.83, a P/E/G ratio of 1.93 and a beta of 0.57. 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 Kroger Co. has a 1-year low of $54.88 and a 1-year high of $74.90.

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

Kroger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. Kroger’s dividend payout ratio is presently 35.53%.

Insider Buying and Selling at Kroger

In related news, Director Clyde R. Moore sold 26,814 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $70.50, for a total value of $1,890,387.00. Following the transaction, the director owned 99,143 shares of the company’s stock, valued at approximately $6,989,581.50. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KR shares. Jefferies Financial Group set a $83.00 price target on shares of Kroger and gave the stock a “buy” rating in a research note on Monday, June 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $82.00 target price on shares of Kroger in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kroger from $57.00 to $67.00 and gave the company a “hold” rating in a research report on Monday, June 23rd. Evercore ISI upped their price objective on Kroger from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.63.

Kroger Company Profile

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.