During the last session, Kroger Co. (NYSE:KR)’s traded shares were 3.55 million, with the beta value of the company hitting 0.48. At the end of the trading day, the stock’s price was $57.31, reflecting an intraday loss of -0.23% or -$0.13. The 52-week high for the KR share is $58.34, that puts it down -1.8 from that peak though still a striking 26.54% gain since the share price plummeted to a 52-week low of $42.10. The company’s market capitalization is $41.36B, and the average intraday trading volume over the past 10 days was 4.59 million shares, and the average trade volume was 5.05 million shares over the past three months.
Kroger Co. (NYSE:KR) trade information
Kroger Co. (KR) registered a -0.23% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.23% in intraday trading to $57.31, hitting a weekly high. The stock’s 5-day price performance is 0.32%, and it has moved by 13.51% in 30 days. Based on these gigs, the overall price performance for the year is 15.87%. The short interest in Kroger Co. (NYSE:KR) is 13.37 million shares and it means that shorts have 2.05 day(s) to cover.
Kroger Co. (KR) estimates and forecasts
Statistics show that Kroger Co. has underperformed its competitors in share price, compared to the industry in which it operates. Kroger Co. (KR) shares have gone up 27.53% during the last six months, with a year-to-date growth rate less than the industry average at -6.93% against 13.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -11.30% this quarter and then drop -1.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -0.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $45.04 billion as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to $34.04 billion by the end of Jul 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -4.67%. While earnings are projected to return -7.03% in 2024, the next five years will return 8.00% per annum.
KR Dividends
Kroger Co. is due to release its next quarterly earnings between June 13 and June 17. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Kroger Co. is 1.13, with the dividend yield indicating at 1.97 percent, continuing the trend of increasing dividends in recent years.
Kroger Co. (NYSE:KR)’s Major holders
Kroger Co. insiders own 7.65% of total outstanding shares while institutional holders control 76.50%, with the float percentage being 82.83%. Vanguard Group Inc is the largest shareholder of the company, while 1,515 institutions own stock in it. As of Jun 29, 2023, the company held over 82.41 million shares (or 11.46% of all shares), a total value of $3.87 billion in shares.
The next largest institutional holding, with 59.65 million shares, is of Blackrock Inc.’s that is approximately 8.29% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $2.8 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Kroger Co. (KR) shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 20.1 million shares. This amounts to just over 2.79 percent of the company’s overall shares, with a $944.5 million market value. The same data shows that the other fund manager holds slightly less at 14.97 million, or about 2.08% of the stock, which is worth about $703.44 million.
