Advisor Partners LLC boosted its holdings in Kroger Co (NYSE:KR) by 14.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,340 shares of the company’s stock after buying an additional 2,622 shares during the period. Advisor Partners LLC’s holdings in Kroger were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Simmons Bank grew its stake in Kroger by 1.7% in the 2nd quarter. Simmons Bank now owns 29,368 shares of the company’s stock valued at $638,000 after buying an additional 482 shares in the last quarter. Covington Capital Management boosted its holdings in Kroger by 10.4% in the 2nd quarter. Covington Capital Management now owns 5,520 shares of the company’s stock valued at $120,000 after purchasing an additional 520 shares during the period. Keystone Financial Group boosted its holdings in Kroger by 4.9% in the 2nd quarter. Keystone Financial Group now owns 11,264 shares of the company’s stock valued at $245,000 after purchasing an additional 527 shares during the period. 6 Meridian boosted its holdings in Kroger by 3.6% in the 2nd quarter. 6 Meridian now owns 17,271 shares of the company’s stock valued at $375,000 after purchasing an additional 595 shares during the period. Finally, Raymond James Trust N.A. boosted its holdings in Kroger by 0.5% in the 2nd quarter. Raymond James Trust N.A. now owns 121,779 shares of the company’s stock valued at $2,643,000 after purchasing an additional 599 shares during the period. Institutional investors and hedge funds own 80.37% of the company’s stock.
KR has been the subject of several analyst reports. UBS Group raised their price target on shares of Kroger from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Credit Suisse Group reissued an “outperform” rating and issued a $29.00 price target (up from $27.00) on shares of Kroger in a report on Friday, September 13th. Guggenheim set a $26.00 price target on shares of Kroger and gave the company a “buy” rating in a report on Tuesday, September 3rd. BMO Capital Markets reissued a “market perform” rating and issued a $26.00 price target (up from $24.00) on shares of Kroger in a report on Wednesday, September 4th. Finally, Pivotal Research reissued a “buy” rating and issued a $30.00 price target (up from $26.00) on shares of Kroger in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Kroger currently has a consensus rating of “Hold” and an average price target of $27.39.
In related news, VP Carin L. Fike sold 4,652 shares of Kroger stock in a transaction on Friday, September 13th. The shares were sold at an average price of $26.00, for a total value of $120,952.00. Following the transaction, the vice president now owns 33,796 shares in the company, valued at approximately $878,696. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael Joseph Donnelly sold 1,574 shares of Kroger stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $26.46, for a total transaction of $41,648.04. Following the completion of the transaction, the chief operating officer now owns 324,209 shares in the company, valued at approximately $8,578,570.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,923 shares of company stock worth $3,106,189. 1.34% of the stock is owned by corporate insiders.
NYSE KR opened at $23.94 on Friday. Kroger Co has a 52-week low of $20.70 and a 52-week high of $31.98. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.27 and a current ratio of 0.76. The company has a market capitalization of $19.58 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.76 and a beta of 0.58. The company has a fifty day moving average of $24.97 and a 200-day moving average of $23.85.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, September 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The company had revenue of $28.17 billion during the quarter, compared to the consensus estimate of $28.34 billion. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up .5% compared to the same quarter last year. As a group, analysts forecast that Kroger Co will post 2.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, November 14th. Kroger’s payout ratio is presently 30.33%.
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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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