The Kroger Co. $KR Position Increased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its position in The Kroger Co. (NYSE:KRFree Report) by 12.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,336,067 shares of the company’s stock after purchasing an additional 147,543 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of Kroger worth $90,064,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KR. UniSuper Management Pty Ltd grew its stake in shares of Kroger by 11.4% in the 3rd quarter. UniSuper Management Pty Ltd now owns 62,765 shares of the company’s stock valued at $4,231,000 after buying an additional 6,448 shares in the last quarter. Westfuller Advisors LLC acquired a new stake in Kroger in the third quarter valued at approximately $105,000. Teacher Retirement System of Texas lifted its stake in Kroger by 16.7% in the third quarter. Teacher Retirement System of Texas now owns 608,933 shares of the company’s stock valued at $41,048,000 after acquiring an additional 87,281 shares during the last quarter. iA Global Asset Management Inc. grew its position in Kroger by 51.1% in the third quarter. iA Global Asset Management Inc. now owns 70,479 shares of the company’s stock worth $4,751,000 after acquiring an additional 23,835 shares in the last quarter. Finally, Millington Financial Advisors LLC increased its stake in shares of Kroger by 4.1% during the 3rd quarter. Millington Financial Advisors LLC now owns 32,001 shares of the company’s stock worth $2,148,000 after purchasing an additional 1,255 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Kroger Stock Up 2.5%

Shares of KR opened at $64.24 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 company has a 50-day simple moving average of $63.51 and a 200-day simple moving average of $66.75. The Kroger Co. has a 52 week low of $58.32 and a 52 week high of $74.90. The firm has a market capitalization of $40.66 billion, a P/E ratio of 59.48, a P/E/G ratio of 1.76 and a beta of 0.61.

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

Trending Headlines about Kroger

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Evercore ISI set a $77.00 price objective on shares of Kroger and gave the company an “outperform” rating in a research note on Friday, December 5th. Citigroup reissued a “neutral” rating and issued a $68.00 price target (down previously from $74.00) on shares of Kroger in a research report on Wednesday, December 10th. Morgan Stanley set a $67.00 price objective on shares of Kroger and gave the stock an “equal weight” rating in a report on Thursday, January 15th. UBS Group reiterated a “neutral” rating and issued a $70.00 target price (down from $74.00) on shares of Kroger in a research note on Friday, December 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $80.00 target price (down previously from $82.00) on shares of Kroger in a research report on Monday, December 1st. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

Get Our Latest 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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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