Profund Advisors LLC Acquires 692 Shares of The Kroger Co. (NYSE:KR)

Posted by on Apr 23rd, 2023

Profund Advisors LLC boosted its holdings in The Kroger Co. (NYSE:KR – Get Rating) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,398 shares of the company’s stock after acquiring an additional 692 shares during the quarter. Profund Advisors LLC’s holdings in Kroger were worth $464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Synovus Financial Corp grew its stake in Kroger by 6.3% during the first quarter. Synovus Financial Corp now owns 12,869 shares of the company’s stock worth $739,000 after buying an additional 764 shares during the last quarter. Cibc World Market Inc. grew its stake in Kroger by 30.2% during the first quarter. Cibc World Market Inc. now owns 29,150 shares of the company’s stock worth $1,672,000 after buying an additional 6,764 shares during the last quarter. Blair William & Co. IL grew its stake in Kroger by 7.1% during the first quarter. Blair William & Co. IL now owns 14,673 shares of the company’s stock worth $842,000 after buying an additional 974 shares during the last quarter. Prudential PLC bought a new stake in Kroger during the first quarter worth about $1,443,000. Finally, Moors & Cabot Inc. grew its stake in shares of Kroger by 3.6% during the first quarter. Moors & Cabot Inc. now owns 7,703 shares of the company’s stock valued at $442,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 78.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KR. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kroger from $51.00 to $53.00 and gave the company a “hold” rating in a research note on Friday, March 3rd. Stephens decreased 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 note on Monday, March 6th. StockNews.com raised shares of Kroger from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 30th. Wells Fargo & Company decreased their price target on shares of Kroger from $47.00 to $42.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 4th. Finally, Roth Capital restated a “neutral” rating on shares of Kroger in a report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.31.

Insider Buying and Selling

In related news, VP Carin L. Fike sold 3,000 shares of the firm’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $45.90, for a total transaction of $137,700.00. Following the sale, the vice president now directly owns 40,147 shares in the company, valued at $1,842,747.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Carin L. Fike sold 3,000 shares of the firm’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $45.90, for a total value of $137,700.00. Following the completion of the transaction, the vice president now owns 40,147 shares of the company’s stock, valued at $1,842,747.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Christine S. Wheatley sold 25,000 shares of the firm’s stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the transaction, the vice president now directly owns 126,866 shares of the company’s stock, valued at approximately $6,024,866.34. The disclosure for this sale can be found here. Insiders have sold a total of 178,505 shares of company stock worth $8,519,747 over the last ninety days. Company insiders own 1.35% of the company’s stock.

Kroger Trading Up 0.3 %

KR opened at $47.92 on Friday. The firm’s fifty day moving average is $46.83 and its two-hundred day moving average is $46.07. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.30 and a current ratio of 0.74. The firm has a market cap of $34.38 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.77 and a beta of 0.47. The Kroger Co. has a twelve month low of $41.81 and a twelve month high of $58.97.

Kroger (NYSE:KR – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. Kroger had a net margin of 1.51% and a return on equity of 31.84%. The business had revenue of $34.82 billion for the quarter, compared to analyst estimates of $34.89 billion. During the same period last year, the business posted $0.91 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that The Kroger Co. will post 4.51 EPS for the current year.

Kroger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.17%. Kroger’s payout ratio is 33.88%.

Kroger Company Profile

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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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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