The Kroger Co. (NYSE:KR) Shares Sold by Siemens Fonds Invest GmbH

Posted by Defense World Staff on Jun 13th, 2023

Siemens Fonds Invest GmbH decreased its stake in The Kroger Co. (NYSE:KR – Get Rating) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,781 shares of the company’s stock after selling 874 shares during the period. Siemens Fonds Invest GmbH’s holdings in Kroger were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in KR. Accurate Wealth Management LLC bought a new stake in shares of Kroger in the 4th quarter worth approximately $27,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Kroger in the 4th quarter worth about $29,000. Retirement Financial Solutions LLC acquired a new stake in shares of Kroger in the 4th quarter worth about $30,000. RFP Financial Group LLC acquired a new stake in shares of Kroger in the 4th quarter worth about $31,000. Finally, Horizon Bancorp Inc. IN acquired a new stake in shares of Kroger in the 4th quarter worth about $32,000. Institutional investors own 78.03% of the company’s stock.

Wall Street Analyst Weigh In

KR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Kroger from $51.00 to $53.00 and gave the company a “hold” rating in a research note on Friday, March 3rd. StockNews.com upgraded shares of Kroger from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 8th. JPMorgan Chase & Co. raised shares of Kroger from a “neutral” rating to an “overweight” rating and raised their target price for the company from $50.00 to $54.00 in a research note on Friday, March 3rd. Northcoast Research raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, March 20th. Finally, Telsey Advisory Group lowered their target price on shares of Kroger from $64.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.31.

Kroger Price Performance

NYSE KR opened at $46.38 on Tuesday. The business’s fifty day moving average is $47.99 and its two-hundred day moving average is $46.61. The stock has a market capitalization of $33.28 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.70 and a beta of 0.47. The Kroger Co. has a 1 year low of $41.81 and a 1 year high of $52.00. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.30 and a current ratio of 0.74.

Insider Buying and Selling

In related news, CFO Gary Millerchip sold 30,182 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $48.88, for a total value of $1,475,296.16. Following the completion of the transaction, the chief financial officer now owns 185,423 shares of the company’s stock, valued at approximately $9,063,476.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Gary Millerchip sold 30,182 shares of the stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $48.88, for a total value of $1,475,296.16. Following the completion of the sale, the chief financial officer now directly owns 185,423 shares of the company’s stock, valued at approximately $9,063,476.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christine S. Wheatley sold 25,000 shares of the stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the sale, the vice president now directly owns 126,866 shares of the company’s stock, valued at $6,024,866.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,206 shares of company stock valued at $6,402,118. 1.38% of the stock is owned by corporate insiders.

Kroger 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.