The Kroger Co. Plans Quarterly Dividend of $0.29 (NYSE:KR)

The Kroger Co. (NYSE:KRGet Free Report) declared a quarterly dividend on Friday, January 19th, RTT News reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.29 per share on Friday, March 1st. This represents a $1.16 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, February 14th.

Kroger has increased its dividend payment by an average of 17.4% per year over the last three years and has increased its dividend annually for the last 18 consecutive years. Kroger has a dividend payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kroger to earn $4.34 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 26.7%.

Kroger Trading Down 0.1 %

NYSE KR opened at $45.41 on Monday. Kroger has a 12 month low of $42.10 and a 12 month high of $50.36. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.80 and a quick ratio of 0.33. The company has a market capitalization of $32.67 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.37 and a beta of 0.45. The company’s fifty day moving average price is $45.57 and its two-hundred day moving average price is $45.58.

Kroger (NYSE:KRGet Free Report) last posted its quarterly earnings results on Thursday, November 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Kroger had a net margin of 1.27% and a return on equity of 30.22%. The company had revenue of $33.96 billion for the quarter, compared to the consensus estimate of $33.90 billion. During the same period last year, the firm posted $0.88 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts predict that Kroger will post 4.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kroger

Several large investors have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC increased its stake in Kroger by 239.9% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 34,023 shares of the company’s stock valued at $1,599,000 after buying an additional 24,012 shares during the period. Imprint Wealth LLC acquired a new position in shares of Kroger in the 2nd quarter worth approximately $1,762,000. GTS Securities LLC acquired a new position in shares of Kroger in the 2nd quarter worth approximately $351,000. Equitable Holdings Inc. grew its stake in shares of Kroger by 90.0% in the 2nd quarter. Equitable Holdings Inc. now owns 18,624 shares of the company’s stock worth $875,000 after purchasing an additional 8,824 shares during the last quarter. Finally, Invesco LLC acquired a new position in shares of Kroger in the 2nd quarter worth approximately $212,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KR shares. TheStreet upgraded shares of Kroger from a “c+” rating to a “b” rating in a research report on Thursday, November 30th. Morgan Stanley reduced their price target on shares of Kroger from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, December 1st. Stephens reduced their price target on shares of Kroger from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, December 1st. JPMorgan Chase & Co. cut their price objective on shares of Kroger from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, December 1st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $55.00 price objective on shares of Kroger in a research report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Kroger has a consensus rating of “Hold” and a consensus price target of $53.30.

Check Out Our Latest Analysis on Kroger

Kroger Company Profile

(Get Free Report)

The Kroger Co operates as a food and drug 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.

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Dividend History for Kroger (NYSE:KR)

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