Family Manage LLC Sells 29,775 Shares of The Kroger Co. $KR

Family Manage LLC lessened its holdings in The Kroger Co. (NYSE:KR) by 41.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,632 shares of the company’s stock after selling 29,775 shares during the quarter. Family Manage LLC’s holdings in Kroger were worth $3,012,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Kroger by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 77,169,425 shares of the company’s stock valued at $4,821,546,000 after buying an additional 868,529 shares during the last quarter. State Street Corp lifted its stake in shares of Kroger by 1.2% in the 3rd quarter. State Street Corp now owns 31,948,112 shares of the company’s stock valued at $2,153,622,000 after acquiring an additional 386,503 shares during the last quarter. GQG Partners LLC boosted its holdings in Kroger by 11.3% during the 4th quarter. GQG Partners LLC now owns 13,398,072 shares of the company’s stock valued at $837,113,000 after acquiring an additional 1,360,946 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kroger by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,296,026 shares of the company’s stock valued at $889,878,000 after acquiring an additional 53,625 shares during the period. Finally, Norges Bank bought a new position in Kroger during the 4th quarter worth approximately $470,561,000. 80.93% of the stock is owned by institutional investors.

Key Headlines Impacting Kroger

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Kroger Health launched its new GLP-1 Complete Support Program, with dietitians providing guidance for patients using weight-management medications. This could strengthen Kroger’s health-services offering and create a new customer-engagement opportunity. Article Title
• Positive Sentiment: A back-to-school hiring event is seeking to fill hundreds of store jobs across four states, signaling Kroger is still investing in store operations and labor coverage heading into a busy retail period. Article Title
• Positive Sentiment: Kroger’s ongoing automation and robotics efforts in Columbus-area stores may support efficiency and long-term margin improvement. Article Title

Analyst Ratings Changes

KR has been the topic of a number of analyst reports. Citigroup decreased their price target on Kroger from $71.00 to $61.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Wells Fargo & Company set a $58.00 target price on shares of Kroger in a report on Monday, June 22nd. Morgan Stanley decreased their target price on shares of Kroger from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Monday, June 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $82.00 price target on shares of Kroger in a report on Friday, June 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Kroger from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Kroger Trading Down 0.1%

NYSE KR opened at $56.81 on Monday. The stock has a market cap of $34.80 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 1.53 and a beta of 0.44. The Kroger Co. has a fifty-two week low of $54.15 and a fifty-two week high of $76.58. The stock has a 50 day simple moving average of $60.85 and a two-hundred day simple moving average of $65.42. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.39 and a current ratio of 0.79.

Kroger (NYSE:KR) last posted its earnings results on Thursday, June 18th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.01). The business had revenue of $46.12 billion for the quarter, compared to analysts’ expectations of $45.59 billion. Kroger had a net margin of 0.71% and a return on equity of 44.33%. Kroger’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $1.49 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. On average, analysts forecast that The Kroger Co. will post 5.21 earnings per share for the current year.

Kroger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from Kroger’s previous quarterly dividend of $0.35. Kroger’s payout ratio is presently 82.35%.

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.