The Kroger Co. (NYSE:KR) Shares Bought by Toroso Investments LLC

Posted by Defense World Staff on Mar 17th, 2023

Toroso Investments LLC increased its holdings in The Kroger Co. (NYSE:KR – Get Rating) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,710 shares of the company’s stock after buying an additional 5,401 shares during the period. Toroso Investments LLC’s holdings in Kroger were worth $2,131,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. PFS Investments Inc. boosted its holdings in shares of Kroger by 13.6% in the 2nd quarter. PFS Investments Inc. now owns 34,163 shares of the company’s stock valued at $1,617,000 after buying an additional 4,081 shares during the period. Stock Yards Bank & Trust Co. lifted its position in Kroger by 262.9% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 36,205 shares of the company’s stock valued at $1,714,000 after purchasing an additional 26,228 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Kroger by 18.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,976,448 shares of the company’s stock valued at $86,543,000 after purchasing an additional 302,406 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Kroger by 172.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 111,669 shares of the company’s stock valued at $5,285,000 after purchasing an additional 70,671 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Kroger by 1.6% in the 3rd quarter. Mackenzie Financial Corp now owns 387,903 shares of the company’s stock valued at $16,971,000 after purchasing an additional 6,168 shares during the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.

Kroger Stock Performance

Kroger stock opened at $47.13 on Friday. The firm’s 50 day simple moving average is $45.13 and its 200-day simple moving average is $45.89. The company has a market cap of $33.74 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.73 and a beta of 0.47. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.76 and a quick ratio of 0.30. The Kroger Co. has a fifty-two week low of $41.81 and a fifty-two week high of $62.78.

Kroger (NYSE:KR – Get Rating) last released its earnings results on Thursday, March 2nd. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.09. The business had revenue of $34.82 billion for the quarter, compared to the consensus estimate of $34.89 billion. Kroger had a net margin of 1.51% and a return on equity of 31.84%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. As a group, equities research analysts predict that The Kroger Co. will post 4.53 EPS for the current year.

Kroger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Friday, May 12th. Kroger’s dividend payout ratio (DPR) is currently 33.88%.

Analysts Set New Price Targets

Several brokerages recently weighed in on KR. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kroger from $51.00 to $53.00 and gave the company a “hold” rating in a research report on Friday, March 3rd. Wells Fargo & Company cut their price objective on shares of Kroger from $47.00 to $42.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 4th. Stephens dropped their price target on shares of Kroger from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, March 6th. Morgan Stanley boosted their price target on shares of Kroger from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, March 3rd. Finally, MKM Partners dropped their price target on shares of Kroger from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Monday, December 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $53.25.

Insider Activity at Kroger

In related news, SVP Mary Ellen Adcock sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $44.27, for a total transaction of $1,903,610.00. Following the transaction, the senior vice president now directly owns 135,611 shares of the company’s stock, valued at $6,003,498.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Todd A. Foley sold 3,885 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $46.95, for a total transaction of $182,400.75. Following the transaction, the vice president now directly owns 28,456 shares of the company’s stock, valued at $1,336,009.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary Ellen Adcock sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $44.27, for a total transaction of $1,903,610.00. Following the transaction, the senior vice president now directly owns 135,611 shares in the company, valued at $6,003,498.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,299 shares of company stock valued at $5,124,089. Corporate insiders own 1.35% of the company’s stock.

Kroger Company Profile

(Get Rating)

The Kroger Co engages in the operation of supermarkets and multi-department stores. Its brands include Big K, Check This Out?, Heritage Farm, Simple Truth, and Simple Truth Organic. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.