The stock of The Kroger Co. (NYSE:KR) last traded at $44.21, down -1.86% from the previous session.
KR stock price is now -3.98% away from the 50-day moving average and -8.26% away from the 200-day moving average. The market capitalization of the company currently stands at $31.23B.
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With the price target enhanced from $44 to $46, Morgan Stanley Upgraded its rating from Underweight to Equal-Weight for The Kroger Co. (NYSE: KR). On December 06, 2022, Bernstein recently initiated its ‘Outperform’ rating on the stock quoting a target price of $58, while ‘Evercore ISI’ rates the stock as ‘Outperform’.
In other news, Adcock Mary Ellen, Senior Vice President sold 43,000 shares of the company’s stock on Dec 20. The stock was sold for $1,903,610 at an average price of $44.27. Upon completion of the transaction, the Senior Vice President now directly owns 135,611 shares in the company, valued at $6.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02, Vice President and Treasurer FIKE CARIN L sold 5,779 shares of the business’s stock. A total of $275,754 was realized by selling the stock at an average price of $47.72. This leaves the insider owning 5,320 shares of the company worth $0.24 million. Insiders disposed of 1,379,331 shares of company stock worth roughly $60.98 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KR stock. A new stake in The Kroger Co. shares was purchased by BIRCH HILL INVESTMENT ADVISORS LLC during the first quarter worth $30,255,000. CAPITAL GROWTH MANAGEMENT LP invested $23,431,000 in shares of KR during the first quarter. In the first quarter, JUNTO CAPITAL MANAGEMENT LP acquired a new stake in The Kroger Co. valued at approximately $23,131,000. POLARIS WEALTH ADVISORY GROUP, LLC acquired a new stake in KR for approximately $11,933,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in KR valued at around $7,792,000 in the second quarter. In total, there are 1,448 active investors with 81.30% ownership of the company’s stock.
With an opening price of $44.69 on Monday morning, The Kroger Co. (NYSE: KR) set off the trading day. During the past 12 months, The Kroger Co. has had a low of $41.81 and a high of $62.78. As of last week, the company has a debt-to-equity ratio of 1.33, a current ratio of 0.80, and a quick ratio of 0.30. The fifty day moving average price for KR is $46.04 and a two-hundred day moving average price translates $48.19 for the stock.
The latest earnings results from The Kroger Co. (NYSE: KR) was released for Aug, 2022. According to the Grocery Stores Company, earnings per share came in at $0.9, beating analysts’ expectations of $0.83 by 0.07. This compares to $0.64 EPS in the same period last year. The net profit margin was 1.60% and return on equity was 24.30% for KR. The company reported revenue of $34.2 billion for the quarter, compared to $31.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.34 percent. For the current quarter, analysts expect KR to generate $34.01B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/01/2023. Investors who held shares on 02/15/2023 were paid a $0.26 dividend. On an annualized basis, this represents a $1.04 dividend and a 2.35% percent yield. There was an ex-dividend date of 02/14/2023 for this dividend. In terms of dividend payout ratio, KR is presently at 27.50%.
The Kroger Co.(KR) Company Profile
The Kroger Co. operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys. The company’s marketplace stores offer full-service grocery, pharmacy, health and beauty care, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and price impact warehouse stores provide grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. It also manufactures and processes food products for sale in its supermarkets and online; and sells fuel through 1,613 fuel centers. As of January 29, 2022, the company operated 2,726 supermarkets under various banner names in 35 states and the District of Columbia. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.
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