RDA Financial Network Buys New Stake in The Kroger Co. (NYSE:KR)

RDA Financial Network bought a new stake in The Kroger Co. (NYSE:KR – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,707 shares of the company’s stock, valued at approximately $213,000.

Other institutional investors also recently bought and sold shares of the company. Fieldpoint Private Securities LLC grew its stake in shares of Kroger by 17.8% in the first quarter. Fieldpoint Private Securities LLC now owns 1,126 shares of the company’s stock worth $65,000 after acquiring an additional 170 shares in the last quarter. City Holding Co. grew its stake in shares of Kroger by 19.7% in the fourth quarter. City Holding Co. now owns 1,215 shares of the company’s stock worth $57,000 after acquiring an additional 200 shares in the last quarter. Diversified Trust Co grew its stake in shares of Kroger by 2.9% in the first quarter. Diversified Trust Co now owns 7,151 shares of the company’s stock worth $410,000 after acquiring an additional 200 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of Kroger by 3.8% in the fourth quarter. Evergreen Capital Management LLC now owns 6,120 shares of the company’s stock worth $277,000 after acquiring an additional 223 shares in the last quarter. Finally, blooom inc. grew its stake in shares of Kroger by 2.1% in the fourth quarter. blooom inc. now owns 12,105 shares of the company’s stock worth $546,000 after acquiring an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kroger from $50.00 to $53.00 in a research note on Friday, June 17th. StockNews.com assumed coverage on shares of Kroger in a research note on Thursday, March 31st. They set a “strong-buy” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Kroger from $44.00 to $45.00 in a research note on Friday, February 25th. Telsey Advisory Group boosted their target price on shares of Kroger from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, April 7th. Finally, BMO Capital Markets boosted their target price on shares of Kroger from $41.00 to $57.00 and gave the stock a “market perform” rating in a research note on Friday, March 4th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kroger currently has an average rating of “Hold” and an average target price of $52.22.

In related news, SVP Yael Cosset sold 34,812 shares of the company’s stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of $59.50, for a total transaction of $2,071,314.00. Following the transaction, the senior vice president now owns 162,207 shares of the company’s stock, valued at $9,651,316.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy A. Massa sold 50,283 shares of the stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $58.03, for a total transaction of $2,917,922.49. Following the transaction, the senior vice president now directly owns 163,956 shares in the company, valued at approximately $9,514,366.68. The disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.

NYSE KR opened at $47.34 on Thursday. The stock has a market capitalization of $34.13 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.09 and a beta of 0.49. The Kroger Co. has a 52-week low of $37.26 and a 52-week high of $62.78. The firm has a 50-day moving average price of $52.85 and a 200 day moving average price of $50.65. The company has a quick ratio of 0.30, a current ratio of 0.76 and a debt-to-equity ratio of 1.39.

Kroger (NYSE:KR – Get Rating) last issued its earnings results on Thursday, June 16th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.18. Kroger had a net margin of 1.54% and a return on equity of 31.50%. During the same quarter last year, the company earned $1.19 EPS. On average, equities research analysts expect that The Kroger Co. will post 3.9 earnings per share for the current fiscal year.

Kroger Profile (Get Rating)

The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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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