Kroger(KR)
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Pre-Earnings Bull Note Boosts Grocery Stock
Schaeffers Research· 2024-02-27 17:54
Kroger Co (NYSE:KR) stock is 2.6% higher this afternoon, last seen trading at $48.51 after Wells Fargo upgraded it to "equal weight" from "underweight" and hiked its price target to $50 from $42. In its note, the analyst said it expects Kroger's unit volumes in food retail to improve. This upgrade comes before the Cincinnati-based grocery chain operator is slated to report fourth-quarter financial results, due out before the open on Thursday, March 7.A look at Kroger stock's history of post-earnings reactio ...
What The FTC Lawsuit Against Kroger Could Mean For Grocers
Forbes· 2024-02-27 11:00
Unionized grocery store workers rally to oppose the proposed merger between Kroger and Albertsons ... [+] outside a Ralph's supermarket in Los Angeles on April 13, 2023, out of concern for less competition, increasing food prices and putting union jobs at risk. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)AFP via Getty ImagesThe FTC has filed a lawsuit to stop the $25 billion Kroger KR -Albertsons ACI merger. The historic lawsuit rigorously documents how the 5,000 stor ...
Kroger Issues Statement on FTC Decision to Block Proposed Merger with Albertsons Companies
Prnewswire· 2024-02-26 17:39
CINCINNATI, Feb. 26, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today issued the following statement: Contrary to the FTC's statements, blocking Kroger's merger with Albertsons Companies will actually harm the very people the FTC purports to serve: America's consumers and workers. Kroger's business model is to take costs out of the business and invest in lowering prices for customers. Kroger has reduced prices every year since 2003, resulting in $5 billion invested to lower prices and a 5% reduction in ...
Buy Low, Sell High, Get Paid To Wait: A Dividend Investing Blueprint
Seeking Alpha· 2024-02-23 18:14
Core Investment Framework - The investment approach emphasizes buying low, waiting for dividends, and selling high, focusing on high-quality companies with a history of revenue, earnings, and cash flow growth [3][4] - The framework aligns with value investing principles, suggesting that stock prices will eventually reflect their true value based on cash flows [5][6] Dividend Yield Analysis - Historical analysis of dividend yields for companies like Johnson & Johnson (JNJ) shows that yields above 2.8% indicate undervaluation, while yields below 2.6% suggest overvaluation [6][7] - For JPMorgan Chase & Co. (JPM), yields above 2.96% are considered cheap, while yields below 2.38% are deemed expensive, providing a tool for assessing valuation [7][8] Future Dividend Growth Considerations - The effectiveness of historical yield analysis is contingent on future dividend growth aligning with past trends; if future growth is expected to exceed historical rates, lower yields may be justified [8][9] - The case of 3M Company (MMM) illustrates that a slowdown in dividend growth can lead to higher expected yields and lower stock prices [9] Importance of Dividends - Dividends provide a tangible return to investors, reinforcing the idea that cash returned to shareholders is preferable to retained earnings in certain contexts [10][11] - A strong dividend policy signals effective management and capital allocation, as companies with limited growth opportunities should return excess cash to shareholders [11][12] Income Projections - A hypothetical investment of $10,000 in Realty Income Corporation (O) with a 5.8% yield and 1% growth could generate $1,273 in dividends after ten years, demonstrating the impact of yield and growth on income [13][14] - In contrast, a similar investment in Microsoft Corporation (MSFT) with a 0.75% yield and 10% growth would yield only $202, highlighting the trade-off between yield and growth [14][15] Strategic Investment Goals - The target income for a $10,000 investment is set at $800 in low-rate environments and $1,000 in higher-rate environments, reflecting the need for sufficient income to mitigate concerns about stock price fluctuations [17][18] - The systematic approach to dividend investing allows for the identification of undervalued stocks, enabling reinvestment opportunities when market conditions are favorable [18]
Here's Why Kroger (KR) Gained But Lagged the Market Today
Zacks Investment Research· 2024-02-22 23:45
In the latest trading session, Kroger (KR) closed at $47.84, marking a +0.06% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 2.11%. Elsewhere, the Dow gained 1.18%, while the tech-heavy Nasdaq added 2.96%.The supermarket chain's shares have seen an increase of 3.71% over the last month, not keeping up with the Retail-Wholesale sector's gain of 4.94% and outstripping the S&P 500's gain of 3.08%.The investment community will be closely monitoring the performance of ...
Kroger Announces Fourth Quarter Conference Call with Investors
Prnewswire· 2024-02-22 21:30
CINCINNATI, Feb. 22, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) announced today it will host its fourth quarter 2023 earnings conference call at 10:00 a.m. ET on Thursday, March 7, 2024. Kroger's management team will comment on financial and operational results for the fourth quarter and full year 2023. The presentation will broadcast online at ir.kroger.com. Click on "Quarterly Results" to access the event. An on-demand replay of the webcast will be available at approximately 1:00 p.m. ET on Thursday, ...
Kroger Serves Up Cozy Mid-Winter Meal Solutions
Prnewswire· 2024-02-21 16:45
Retailer shares easy cold-weather meal ideas to get you to SpringCINCINNATI, Feb. 21, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) is sharing cozy mid-winter meal solutions to help customers through the last weeks of winter weather. With low-maintenance slow cooker recipes and soups to keep you warm on those final cold days of the season, meal prep has never been easier and even more delicious. Kroger shares easy cold-weather meal ideas to get you to Spring "Warm weather and grilling season are just a ...
Kroger (KR) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-02-20 23:56
The most recent trading session ended with Kroger (KR) standing at $48, reflecting a +0.76% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.6%. Meanwhile, the Dow experienced a drop of 0.17%, and the technology-dominated Nasdaq saw a decrease of 0.92%.Shares of the supermarket chain have appreciated by 3.72% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 5.07% and outperforming the S&P 500's gain of 3.56%.Analysts and ...
Kroger Spotlights Black-owned Brands and Entrepreneurs
Prnewswire· 2024-02-19 18:00
Retailer celebrates Black History Month CINCINNATI, Feb. 19, 2024 /PRNewswire/ -- In honor of Black History Month, the Kroger Co. (NYSE: KR) today celebrates a variety of Black-owned and founded businesses. Whether it is a customer favorite or new and exciting brand, the retailer is showcasing must-have products for shoppers to add to their cart on their next shopping trip. "We're excited to support Black entrepreneurs, innovators and chefs who are creating cutting-edge products our customers can't wait t ...
Application Period Now Open for the 2024 Game Changers Scholarship presented by The Kroger Foundation and Always® Brand
Prnewswire· 2024-02-15 18:00
Third-annual scholarship program champions women pursuing higher education CINCINNATI, Feb. 15, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) and The Procter & Gamble Company (NYSE: PG) today announced the application period for its 2024 Game Changers Scholarship is now open. In its third year, 23 scholarships of $2,000 will be awarded to underrepresented female students pursuing a business, science, technical and/or liberal arts undergraduate degree or certificate. The scholarship is presented by The Kro ...