Nisa Investment Advisors LLC Increases Position in The Kroger Co. – Mixed Analyst Reviews on Stock Performance

On April 21, 2023, Nisa Investment Advisors LLC revealed its recent disclosure with the SEC, reporting a growth in their position in shares of The Kroger Co. by 1.6% during the fourth quarter. The fund’s latest filing with the SEC showed that they owned over 305,000 shares of the company’s stock worth $13,608,000. This information is essential to investors as it showcases Nisa Investment Advisors LLC’s confidence in The Kroger Co.’s financial standing.

The Kroger Co. recently disclosed a quarterly dividend on Thursday, June 1st. Those who recorded stock ownership by Monday, May 15th were paid a dividend of $0.26 per share. This represents an annualized dividend of $1.04 and a yield of approximately 2.18%. Nonetheless, investors should bear in mind that such dividends do not guarantee future investment value or profits.

Despite this promising news for investors carrying KR stocks or considering investing in them, several analysts have recently released reports on the subject matter suggesting mixed reviews and opinions surrounding The Kroger Co.’s stock performance and value.

Some analysts’ statements suggest favorability towards the stock market value of The Kroger Co., including Northcoast Research’s upgrade from neutral to buy rating and placing a price target at $60 per share on March 20th. Deutsche Bank Aktiengesellschaft also provided support for holding onto current shares with its endorsement stating that they raised their target price on Kroger from $51 to $53 per share in early March.

On the other hand, Roth Capital rated Kroger’s stock performance as neutral while Stephens downgraded their price rating from $57 to $52 per share on March 6th.

In sum, these mixed analyst ratings show that there are varying opinions when it comes to investing in KR stocks; however, there seems to be an overall “Moderate Buy” consensus, according to Investors should do independent research and analysis on The Kroger Co.’s financials, as well as taking into account the mixed analyst reports.

Kroger Sees Changes in Boardroom and Shareholder Equity, as Insiders Sell Stock Despite Impressive Revenue Report

Kroger, the American retail company, has been making significant changes in its boardroom and its shareholder equity recently. With several institutional investors and hedge funds changing their positions in the company, Kroger’s stock is worth over $3.5 billion. Vanguard Group Inc., BlackRock Inc., Dimensional Fund Advisors LP, LSV Asset Management, and Charles Schwab Investment Management Inc. have all increased their stakes in the company.

In other news, two of Kroger’s VPs sold shares of the company’s stock on March 3rd and March 6th respectively. VP Carin L. Fike sold 3,000 shares worth $137,700 while SVP Valerie L. Jabbar sold 62,414 shares for a total transaction of $2,900,378.58.

Despite these transactions, Kroger recently announced that it would pay a quarterly dividend to its stockholders on June 1st totaling at $0.26 per share with an annualized dividend yield of 2.18%. However, it was also revealed that insiders had sold over 153k shares of the company’s stock in quarter one alone.

The market cap for Kroger currently sits at approximately $34.30 billion while its P/E ratio is at 15.57 with a beta report of 0.47.
As for Kroger’s financial report last quarter ending on March 2nd showed revenue at $34.82 billion which topped off analyst projections by nearly half a billion dollars with an EPS of $0.99 up almost $.10 from the consensus estimate by analysts with a Return on Equity (ROE) reaching an impressive rate of nearly one-third shy of only .16%.

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