NewEdge Wealth LLC Purchases New Stake in The Kroger Co. $KR

NewEdge Wealth LLC purchased a new stake in The Kroger Co. (NYSE:KR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,850 shares of the company’s stock, valued at approximately $490,000.

Several other hedge funds have also recently bought and sold shares of KR. Brighton Jones LLC raised its holdings in Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after buying an additional 3,373 shares during the period. Woodline Partners LP raised its stake in shares of Kroger by 40.7% during the first quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock valued at $3,807,000 after purchasing an additional 16,270 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Kroger during the second quarter valued at approximately $201,000. NewEdge Advisors LLC raised its stake in shares of Kroger by 11.5% during the second quarter. NewEdge Advisors LLC now owns 97,288 shares of the company’s stock valued at $6,978,000 after purchasing an additional 10,051 shares during the period. Finally, Nebula Research & Development LLC purchased a new stake in shares of Kroger during the second quarter valued at approximately $1,840,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Kroger Stock Down 1.1%

Shares of NYSE:KR opened at $66.08 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.42 and a debt-to-equity ratio of 2.66. The company has a fifty day simple moving average of $69.99 and a 200 day simple moving average of $66.65. The firm has a market cap of $40.48 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.76 and a beta of 0.46. The Kroger Co. has a 12-month low of $58.60 and a 12-month high of $76.58.

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

Kroger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.35 dividend. 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 91.50%.

More Kroger News

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?

Wall Street Analyst Weigh In

KR has been the topic of a number of analyst reports. Roth Mkm reiterated a “buy” rating and set a $78.00 price objective (up from $75.00) on shares of Kroger in a research note on Friday, March 6th. Telsey Advisory Group lifted their price objective on shares of Kroger from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kroger in a research note on Friday, March 27th. Jefferies Financial Group reiterated a “buy” rating and set a $82.00 price objective on shares of Kroger in a research note on Thursday, March 5th. Finally, Morgan Stanley set a $73.00 price objective on shares of Kroger and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Eight research 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, the stock has a consensus rating of “Hold” and an average target price of $74.56.

Kroger Company 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.