Munich Reinsurance Co Stock Corp in Munich Purchases 107,067 Shares of The Kroger Co. $KR

Munich Reinsurance Co Stock Corp in Munich grew its position in shares of The Kroger Co. (NYSE:KR) by 5,391.1% in the second quarter, HoldingsChannel reports. The fund owned 109,053 shares of the company’s stock after acquiring an additional 107,067 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Kroger were worth $6,056,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KR. Raiffeisen Bank International AG lifted its position in shares of Kroger by 41.8% in the second quarter. Raiffeisen Bank International AG now owns 12,913 shares of the company’s stock worth $722,000 after purchasing an additional 3,808 shares in the last quarter. Rogco LP grew its position in Kroger by 22,663.6% in the second quarter. Rogco LP now owns 10,016 shares of the company’s stock valued at $556,000 after purchasing an additional 9,972 shares in the last quarter. Syon Capital LLC increased its stake in Kroger by 14.3% in the 2nd quarter. Syon Capital LLC now owns 19,847 shares of the company’s stock valued at $1,102,000 after buying an additional 2,486 shares during the last quarter. denkapparat Operations GmbH increased its stake in Kroger by 82.8% in the 2nd quarter. denkapparat Operations GmbH now owns 38,766 shares of the company’s stock valued at $2,153,000 after buying an additional 17,558 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in Kroger by 3.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 197,854 shares of the company’s stock worth $11,129,000 after buying an additional 6,723 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KR. HC Wainwright restated a “buy” rating on shares of Kroger in a report on Thursday, July 2nd. Barclays set a $61.00 target price on Kroger and gave the stock an “equal weight” rating in a report on Monday, June 22nd. Telsey Advisory Group set a $78.00 price target on Kroger and gave the company an “outperform” rating in a research note on Monday, June 22nd. Morgan Stanley lowered their price target on Kroger from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, June 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price objective on shares of Kroger in a research note on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.75.

Kroger Stock Up 0.2%

KR opened at $58.62 on Friday. The Kroger Co. has a 1-year low of $54.15 and a 1-year high of $76.58. The stock’s fifty day simple moving average is $57.71 and its 200 day simple moving average is $64.05. The company has a current ratio of 0.79, a quick ratio of 0.39 and a debt-to-equity ratio of 2.43. The stock has a market cap of $35.91 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 1.64 and a beta of 0.41.

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

Kroger Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Kroger’s previous quarterly dividend of $0.35. Kroger’s dividend payout ratio is 91.76%.

Key Headlines Impacting Kroger

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Wall Street analysts remain broadly optimistic on Kroger, although the articles do not indicate a major new upgrade. Positive sentiment may provide some support ahead of the earnings release. Is Kroger a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Kroger appointed Mark Ibbotson, a Walmart veteran who helped lead the rollout of Walmart’s e-commerce platform, as executive vice president and chief store operations officer. His retail and digital experience could support store execution and online growth. Kroger taps Walmart tech veteran as store operations chief
• Neutral Sentiment: Kroger is expected to report fiscal second-quarter results on September 11. Analysts anticipate earnings growth, but current valuation commentary describes the shares as fairly valued rather than an obvious bargain. Kroger Reports Q2 Earnings Next Week
• Neutral Sentiment: The company reportedly announced a $1.65 billion grocery acquisition. The deal could expand Kroger’s footprint, but investors may remain cautious because Kroger is still involved in litigation related to its prior merger effort and faces regulatory scrutiny. Kroger Is Buying Another Grocery Chain While Still in Court
• Negative Sentiment: Oppenheimer warned that fiscal second-quarter identical sales could fall short of market expectations amid a challenging grocery environment. Consumer uncertainty is also weighing on the outlook. Kroger Could Miss Quarterly Identical Sales Views
• Negative Sentiment: Zacks said Kroger lacks the typical combination of earnings and estimate-revision trends that often precedes a quarterly earnings beat, increasing the risk of a disappointing report. Kroger Earnings Expected to Grow

Kroger 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.