Swedbank AB Sells 10,333 Shares of The Kroger Co. $KR

Swedbank AB decreased its holdings in shares of The Kroger Co. (NYSE:KR) by 2.4% in the 3rd quarter, Holdings Channel reports. The firm owned 418,402 shares of the company’s stock after selling 10,333 shares during the period. Swedbank AB’s holdings in Kroger were worth $28,204,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. grew its position in Kroger by 6,840.0% during the second 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 last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Kroger during the second quarter worth about $28,000. Rossby Financial LCC bought a new stake in shares of Kroger in the 2nd quarter worth approximately $29,000. Whipplewood Advisors LLC increased its position in Kroger by 10,425.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 417 shares during the period. Finally, Vermillion & White Wealth Management Group LLC increased 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 period. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

KR has been the subject of several research reports. Guggenheim reiterated a “buy” rating and issued a $78.00 price target on shares of Kroger in a research note on Wednesday, November 19th. UBS Group reiterated a “neutral” rating and issued a $70.00 price objective (down from $74.00) on shares of Kroger in a report on Friday, December 5th. Evercore ISI set a $77.00 target price on shares of Kroger and gave the company an “outperform” rating in a research note on Friday, December 5th. Wall Street Zen cut shares of Kroger from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and raised their target price for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kroger has a consensus rating of “Hold” and a consensus price target of $74.13.

Kroger Stock Performance

Shares of NYSE:KR opened at $63.00 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.45 and a current ratio of 0.88. The firm’s 50 day simple moving average is $65.13 and its 200-day simple moving average is $67.72. The firm has a market cap of $39.87 billion, a PE ratio of 58.33, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58. The Kroger Co. has a one year low of $58.12 and a one year high of $74.90.

Kroger (NYSE:KR) last issued its quarterly earnings data 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 the consensus estimate of $34.27 billion. Kroger had a net margin of 0.54% and a return on equity of 38.06%. Kroger’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. As a group, equities analysts predict that The Kroger Co. will post 4.44 EPS for the current year.

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.