Norden Group LLC Trims Holdings in The Kroger Co. $KR

Norden Group LLC lowered its position in shares of The Kroger Co. (NYSE:KR) by 91.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,683 shares of the company’s stock after selling 63,869 shares during the period. Norden Group LLC’s holdings in Kroger were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KR. Brookstone Capital Management lifted its stake in shares of Kroger by 1.9% during the 3rd quarter. Brookstone Capital Management now owns 19,671 shares of the company’s stock valued at $1,326,000 after buying an additional 359 shares in the last quarter. Founders Financial Securities LLC raised its holdings in Kroger by 5.6% during the third quarter. Founders Financial Securities LLC now owns 8,237 shares of the company’s stock valued at $555,000 after acquiring an additional 434 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Kroger by 12.9% in the third quarter. Vontobel Holding Ltd. now owns 24,740 shares of the company’s stock valued at $1,668,000 after acquiring an additional 2,835 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Kroger by 14.1% in the third quarter. Revolve Wealth Partners LLC now owns 3,312 shares of the company’s stock worth $223,000 after acquiring an additional 410 shares during the period. Finally, Precedent Wealth Partners LLC grew its position in shares of Kroger by 8.9% during the third quarter. Precedent Wealth Partners LLC now owns 29,560 shares of the company’s stock worth $1,993,000 after purchasing an additional 2,426 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Kroger Trading Up 0.5%

KR stock opened at $63.24 on Friday. The firm has a fifty day moving average price of $65.01 and a 200 day moving average price of $67.72. The Kroger Co. has a fifty-two week low of $58.12 and a fifty-two week high of $74.90. The firm has a market cap of $40.02 billion, a PE ratio of 58.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.45 and a current ratio of 0.88.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The business had revenue of $33.86 billion during the quarter, compared to analyst estimates of $34.27 billion. During the same quarter last year, the business earned $0.98 earnings per share. Kroger’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. Sell-side analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on KR. Telsey Advisory Group reissued an “outperform” rating and issued a $80.00 price target (down from $82.00) on shares of Kroger in a report on Monday, December 1st. Argus set a $85.00 target price on shares of Kroger in a report on Thursday, September 18th. Citigroup restated a “neutral” rating and set a $68.00 target price (down previously from $74.00) on shares of Kroger in a research report on Wednesday, December 10th. Guggenheim reiterated a “buy” rating and issued a $78.00 price target on shares of Kroger in a report on Wednesday, November 19th. Finally, Roth Mkm upgraded shares of Kroger from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $75.00 in a research note on Wednesday, September 17th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $74.13.

About Kroger

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.