Key Points
- Kroger EVP Mary Adcock sold 72,901 shares at an average price of $60.70, generating approximately $4.43 million. Her remaining holdings fell 29.38% to 175,233 shares.
- Kroger reported quarterly EPS of $1.09, beating consensus estimates of $1.05, while revenue reached $34.62 billion, up 2% year over year but slightly below expectations.
- The company declared a quarterly dividend of $0.39 per share, equivalent to an annualized $1.56 and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with a $69 price target.
The Kroger Co. (NYSE:KR - Get Free Report) EVP Mary Adcock sold 72,901 shares of the company's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $60.70, for a total transaction of $4,425,090.70. Following the completion of the transaction, the executive vice president owned 175,233 shares in the company, valued at $10,636,643.10. This trade represents a 29.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Kroger Price Performance
Shares of Kroger stock opened at $59.73 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.70 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $36.59 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 1.64 and a beta of 0.41. The Kroger Co. has a twelve month low of $54.15 and a twelve month high of $76.58. The company has a 50-day simple moving average of $57.97 and a two-hundred day simple moving average of $63.31.
Kroger (NYSE:KR - Get Free Report) last announced its earnings results on Friday, September 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.04. Kroger had a net margin of 0.73% and a return on equity of 49.90%. The firm had revenue of $34.62 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The business's revenue was up 2.0% compared to the same quarter last year. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. Analysts forecast that The Kroger Co. will post 5.19 EPS for the current year.
Kroger Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 dividend on an annualized basis and a yield of 2.6%. Kroger's dividend payout ratio is currently 84.78%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. MCF Advisors LLC boosted its stake in shares of Kroger by 3.5% in the 2nd quarter. MCF Advisors LLC now owns 13,391 shares of the company's stock valued at $744,000 after purchasing an additional 457 shares in the last quarter. Engineers Gate Manager LP increased its position in Kroger by 537.2% during the 2nd quarter. Engineers Gate Manager LP now owns 117,646 shares of the company's stock worth $6,533,000 after purchasing an additional 99,183 shares in the last quarter. Cidel Asset Management Inc. increased its position in Kroger by 9.1% during the 2nd quarter. Cidel Asset Management Inc. now owns 13,614 shares of the company's stock worth $756,000 after purchasing an additional 1,130 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Kroger by 7.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 22,622 shares of the company's stock valued at $1,256,000 after purchasing an additional 1,565 shares during the last quarter. Finally, RFG Advisory LLC boosted its position in Kroger by 74.4% in the second quarter. RFG Advisory LLC now owns 13,807 shares of the company's stock valued at $767,000 after buying an additional 5,892 shares in the last quarter. Institutional investors own 80.93% of the company's stock.
Key Kroger News
Here are the key news stories impacting Kroger this week:
- Positive Sentiment: Kroger expanded its fulfillment capabilities by enabling customers to receive groceries and prescriptions in a single delivery order. The initiative could improve convenience, strengthen customer retention and support digital sales growth. Kroger now delivers groceries and prescriptions in one order
Wall Street Analyst Weigh In
Several brokerages have weighed in on KR. Barclays set a $61.00 price objective on Kroger and gave the company an "equal weight" rating in a report on Monday, June 22nd. The Goldman Sachs Group reissued a "buy" rating and set a $82.00 target price on shares of Kroger in a report on Friday, June 19th. Wall Street Zen cut Kroger from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Guggenheim reaffirmed a "buy" rating and issued a $66.00 price target (down from $71.00) on shares of Kroger in a research note on Monday, September 14th. Finally, HC Wainwright reaffirmed a "buy" rating on shares of Kroger in a research report on Thursday, July 2nd. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Kroger has an average rating of "Moderate Buy" and a consensus price target of $69.00.
Read Our Latest Analysis on Kroger
Kroger Company Profile
(
Get Free Report)
The Kroger Co (NYSE: KR) is one of the largest grocery retailers in the United States. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates supermarkets, multi-department stores, pharmacies, convenience stores and fuel centers across the country.
Kroger sells a broad range of fresh foods, packaged groceries, household products, health and beauty items, prepared foods and general merchandise. Its private-label offerings include Simple Truth, Private Selection and Kroger brands.
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