Haverford Trust Co. purchased a new stake in Kroger Co (NYSE:KR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 17,750 shares of the company’s stock, valued at approximately $458,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in KR. Victory Capital Management Inc. increased its position in Kroger by 30.2% in the 2nd quarter. Victory Capital Management Inc. now owns 10,689,834 shares of the company’s stock valued at $232,077,000 after acquiring an additional 2,477,585 shares during the period. Nuveen Asset Management LLC increased its position in shares of Kroger by 170.2% during the second quarter. Nuveen Asset Management LLC now owns 3,450,595 shares of the company’s stock worth $74,912,000 after buying an additional 2,173,370 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Kroger during the second quarter worth $35,064,000. Coho Partners Ltd. increased its position in shares of Kroger by 31.1% during the second quarter. Coho Partners Ltd. now owns 6,451,743 shares of the company’s stock worth $140,067,000 after buying an additional 1,530,258 shares during the period. Finally, Becker Capital Management Inc. increased its position in shares of Kroger by 96.1% during the second quarter. Becker Capital Management Inc. now owns 2,955,977 shares of the company’s stock worth $64,174,000 after buying an additional 1,448,824 shares during the period. Hedge funds and other institutional investors own 80.35% of the company’s stock.
In other Kroger news, SVP Mary Ellen Adcock sold 15,400 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $28.00, for a total value of $431,200.00. Following the completion of the sale, the senior vice president now directly owns 121,085 shares in the company, valued at $3,390,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael Joseph Donnelly sold 1,574 shares of the firm’s 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 sale, the chief operating officer now owns 324,209 shares of the company’s stock, valued at $8,578,570.14. The disclosure for this sale can be found here. Insiders sold 134,323 shares of company stock valued at $3,537,389 over the last 90 days. Corporate insiders own 1.34% of the company’s stock.
Several research firms have recently weighed in on KR. Oppenheimer decreased their price objective on shares of Kroger from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, October 28th. Credit Suisse Group reiterated an “outperform” rating and set a $29.00 price objective (up from $27.00) on shares of Kroger in a research report on Friday, September 13th. Pivotal Research reiterated a “buy” rating and set a $30.00 price objective (up from $26.00) on shares of Kroger in a research report on Wednesday, September 11th. BMO Capital Markets reiterated a “market perform” rating and set a $26.00 price objective (up from $24.00) on shares of Kroger in a research report on Wednesday, September 4th. Finally, Bank of America set a $28.00 price objective on shares of Kroger and gave the stock a “buy” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.37.
NYSE:KR traded up $0.16 during trading hours on Friday, reaching $27.02. The company had a trading volume of 6,533,301 shares, compared to its average volume of 8,694,465. The company has a quick ratio of 0.27, a current ratio of 0.76 and a debt-to-equity ratio of 2.15. The firm has a market cap of $22.31 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 2.00 and a beta of 0.56. The business’s 50-day simple moving average is $25.12 and its two-hundred day simple moving average is $23.89. Kroger Co has a twelve month low of $20.70 and a twelve month high of $31.98.
Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $28.17 billion during the quarter, compared to analysts’ expectations of $28.34 billion. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. As a group, equities analysts predict that Kroger Co will post 2.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, November 14th. Kroger’s payout ratio is 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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