NewEdge Wealth LLC Makes New Investment in The Kroger Co. $KR

NewEdge Wealth LLC acquired a new position in The Kroger Co. (NYSE:KR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,850 shares of the company’s stock, valued at approximately $490,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Buck Wealth Strategies LLC boosted its holdings in Kroger by 16.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 177,748 shares of the company’s stock worth $11,106,000 after purchasing an additional 24,866 shares during the period. International Assets Investment Management LLC boosted its holdings in Kroger by 13.6% in the fourth quarter. International Assets Investment Management LLC now owns 7,642 shares of the company’s stock worth $477,000 after purchasing an additional 915 shares during the period. Generali Asset Management SPA SGR boosted its holdings in Kroger by 162.9% in the fourth quarter. Generali Asset Management SPA SGR now owns 78,156 shares of the company’s stock worth $4,883,000 after purchasing an additional 48,430 shares during the period. ASR Vermogensbeheer N.V. boosted its holdings in Kroger by 2.0% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 172,094 shares of the company’s stock worth $10,753,000 after purchasing an additional 3,407 shares during the period. Finally, Crestwood Advisors Group LLC boosted its holdings in Kroger by 41.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 4,186 shares of the company’s stock worth $262,000 after purchasing an additional 1,217 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger News Roundup

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Harris Teeter, a Kroger banner, launched a week-long customer appreciation sale with daily deals and 4x fuel points, which could support traffic and sales at the grocery chain. Harris Teeter Offers VIC Card Members Daily Deals, 4x Fuel Points During Week-Long Customer Appreciation Sale May 13-19
• Positive Sentiment: Several articles highlighted the Kroger Queen City Championship and local golfers, keeping the company’s brand visible in a community event that can reinforce customer engagement. Xavier University golfers bring hometown buzz to Kroger Queen City Championship
• Positive Sentiment: The company’s recent share-price softness may be attracting value-focused investors who see potential upside after a multi-month pullback. Is Kroger (KR) Offering Opportunity After Recent Share Price Softness?

Kroger Stock Performance

Shares of KR opened at $66.08 on Friday. The Kroger Co. has a 1 year low of $58.60 and a 1 year high of $76.58. The company has a market cap of $40.48 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 1.76 and a beta of 0.46. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.42 and a current ratio of 0.80. The firm has a fifty day moving average of $69.99 and a 200-day moving average of $66.65.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, March 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.08. Kroger had a net margin of 0.69% and a return on equity of 41.08%. The company had revenue of $34.73 billion during the quarter, compared to the consensus estimate of $35.10 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. As a group, equities analysts anticipate that The Kroger Co. will post 5.24 earnings per share for the current year.

Kroger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, May 15th. Kroger’s payout ratio is currently 91.50%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KR. Wolfe Research reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Kroger in a report on Thursday, March 5th. Citigroup lifted their price objective on shares of Kroger from $68.00 to $71.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Wall Street Zen raised shares of Kroger from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. BMO Capital Markets reissued a “market perform” rating and set a $70.00 price target on shares of Kroger in a report on Thursday, March 5th. Finally, Barclays reissued a “positive” rating on shares of Kroger in a report on Monday, February 9th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kroger currently has a consensus rating of “Hold” and an average target price of $74.56.

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.