Kroger Co. (NYSE: KR) is 20.41% higher on its value in year-to-date trading and has touched a low of $42.10 and a high of $58.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KR stock was last observed hovering at around $56.19 in the last trading session, with the day’s loss setting it -1.15%.
Currently trading at $55.04, the stock is 3.66% and 3.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.78 million and changing -2.05% at the moment leaves the stock 7.33% off its SMA200. KR registered 18.83% gain for a year compared to 6-month loss of -2.05%.
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The stock witnessed a 3.48% gain in the last 1 month and extending the period to 3 months gives it a 7.82%, and is 5.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.14% over the week and 2.16% over the month.
Kroger Co. (KR) has around 414000 employees, a market worth around $39.73B and $150.20B in sales. Current P/E ratio is 14.39 and Fwd P/E is 12.11. Profit margin for the company is 1.85%. Distance from 52-week low is 30.75% and -5.66% from its 52-week high. The company has generated returns on investments over the last 12 months (8.95%).
The EPS is expected to shrink by -6.72% this year.
Kroger Co. (KR) Top Institutional Holders
1574.0 institutions hold shares in Kroger Co. (KR), with institutional investors hold 81.89% of the company’s shares. The shares outstanding are 720.00M, and float is at 715.98M with Short Float at 1.96%. Institutions hold 75.65% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 81.23 million shares valued at $4.06 billion. The investor’s holdings represent 11.2659% of the KR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 61.78 million shares valued at $3.08 billion to account for 8.5685 of the shares outstanding. The other top investors are BERKSHIRE HATHAWAY INC which holds 50.0 million shares representing 6.9348% and valued at over $2.5 billion, while STATE STREET CORP holds 4.2922 of the shares totaling 30.95 million with a market value of $1.55 billion.
Kroger Co. (KR) Insider Activity
The most recent transaction is an insider sale by Nichols Brian W, the company’s Vice President & Controller. SEC filings show that Nichols Brian W sold 2,000 shares of the company’s common stock on Jul 19 ’24 at a price of $54.53 per share for a total of $0.11 million. Following the sale, the insider now owns 18063.0 shares.
Kroger Co. disclosed in a document filed with the SEC on Apr 26 ’24 that Foley Todd A (Senior VP & Interim CFO) sold a total of 6,616 shares of the company’s common stock. The trade occurred on Apr 26 ’24 and was made at $55.69 per share for $0.37 million. Following the transaction, the insider now directly holds 46958.0 shares of the KR stock.
Still, SEC filings show that on Apr 25 ’24, Kimball Kenneth C (Senior Vice President) disposed off 30,251 shares at an average price of $55.98 for $1.69 million. The insider now directly holds 105,298 shares of Kroger Co. (KR).
