Kroger Co. (NYSE:KR)’s traded shares stood at 1.09 million during the latest session, with the company’s beta value hitting 0.48. At the last check today, the stock’s price was $57.17, to imply an increase of 0.47% or $0.27 in intraday trading. The KR share’s 52-week high remains $57.26, putting it -0.16% down since that peak but still an impressive 26.36% since price per share fell to its 52-week low of $42.10. The company has a valuation of $41.16B, with an average of 4.92 million shares in intraday trading volume over the past 10 days and average of 5.00 million shares over the past 3 months.
Kroger Co. (NYSE:KR) trade information
After registering a 0.47% upside in the latest session, Kroger Co. (KR) has traded red over the past five days. The stock hit a weekly high of 57.36, jumping 0.47% in its intraday price action. The 5-day price performance for the stock is 0.25%, and 17.79% over 30 days. With these gigs, the year-to-date price performance is 25.06%. Short interest in Kroger Co. (NYSE:KR) saw shorts transact 13.37 million shares and set a 2.05 days time to cover.
Kroger Co. (KR) estimates and forecasts
Looking at statistics comparing Kroger Co. share performance against respective industry, we note that the company has underperformed competitors. Kroger Co. (KR) shares are 28.52% up over the last 6 months, with its year-to-date growth rate lower than industry average at -6.72% against 13.80%. Revenue is forecast to shrink -11.30% this quarter before falling -1.00% for the next one. The rating firms project that company’s revenue will shrink -0.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 14 analysts is $45.04 billion. Meanwhile, for the quarter ending Jul 2024, a total of 14 analyst(s) estimate revenue growth to $34.04 billion.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -4.67% for the past 5-year period. While 2024 is set for a -7.03% return in earnings, projections for the next 5 years are at 8.00% annually.
KR Dividends
Kroger Co. has its next earnings report out between June 13 and June 17. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Kroger Co. has a forward dividend ratio of 1.13, with the share yield ticking at 1.98% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Kroger Co. (NYSE:KR)’s Major holders
Kroger Co. insiders hold 7.66% of total outstanding shares, with institutional holders owning 76.64% of the shares at 83.00% float percentage. In total, 76.64% institutions holds shares in the company, led by Vanguard Group Inc. As of Dec 30, 2023, the company held over 81.64 million shares (or 11.35% of shares), all amounting to roughly $4.66 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 59.2 million shares, or about 8.23% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $3.38 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Kroger Co. (KR) shares. Going by data provided on Dec 30, 2023, Vanguard Total Stock Market Index Fund holds roughly 20.36 million shares. This is just over 2.83% of the total shares, with a market valuation of $1.16 billion. Data from the same date shows that the other fund manager holds a little less at 15.17 million, or 2.11% of the shares, all valued at about 866.25 million.
