SteelPeak Wealth LLC Has $4.26 Million Holdings in The Kroger Co. $KR

SteelPeak Wealth LLC lifted its holdings in shares of The Kroger Co. (NYSE:KR) by 30.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,184 shares of the company’s stock after purchasing an additional 15,736 shares during the quarter. SteelPeak Wealth LLC’s holdings in Kroger were worth $4,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KR. Avalon Trust Co acquired a new stake in Kroger during the third quarter worth approximately $29,000. JPL Wealth Management LLC acquired a new position in Kroger in the 3rd quarter valued at $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Kroger during the 2nd quarter valued at $33,000. Westside Investment Management Inc. lifted its position in shares of Kroger by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 490 shares of the company’s stock valued at $33,000 after acquiring an additional 245 shares during the period. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of Kroger during the 2nd quarter worth $36,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Stock Performance

NYSE KR opened at $72.35 on Friday. The firm’s fifty day moving average price is $69.66 and its two-hundred day moving average price is $66.53. The stock has a market cap of $44.32 billion, a PE ratio of 47.29, a PEG ratio of 1.92 and a beta of 0.55. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.42 and a current ratio of 0.80. The Kroger Co. has a fifty-two week low of $58.60 and a fifty-two week high of $76.58.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, March 5th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.08. Kroger had a return on equity of 41.08% and a net margin of 0.69%.The company had revenue of $34.73 billion during the quarter, compared to analysts’ expectations of $35.10 billion. During the same period in the prior year, the company earned $1.14 EPS. Kroger’s revenue was up 1.2% compared to the same quarter last year. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. On average, equities analysts expect that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 15th. Kroger’s dividend payout ratio (DPR) is presently 91.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KR. Citigroup raised their price target on Kroger from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. reduced their price objective on shares of Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. BMO Capital Markets reissued a “market perform” rating and issued a $70.00 target price on shares of Kroger in a report on Thursday, March 5th. Jefferies Financial Group restated a “buy” rating and issued a $82.00 target price on shares of Kroger in a research report on Thursday, March 5th. Finally, Guggenheim reaffirmed a “buy” rating and set a $78.00 price target on shares of Kroger in a report on Tuesday, February 10th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.56.

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.