Standard Life Aberdeen plc decreased its position in Kroger Co (NYSE:KR) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,719,417 shares of the company’s stock after selling 318,911 shares during the period. Standard Life Aberdeen plc’s holdings in Kroger were worth $47,087,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC grew its position in Kroger by 680.0% during the 3rd quarter. Acadian Asset Management LLC now owns 58,800 shares of the company’s stock worth $1,711,000 after purchasing an additional 51,262 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Kroger by 17.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,208,593 shares of the company’s stock worth $35,183,000 after purchasing an additional 182,188 shares during the last quarter. Chicago Equity Partners LLC grew its position in Kroger by 45.6% during the 3rd quarter. Chicago Equity Partners LLC now owns 283,365 shares of the company’s stock worth $8,249,000 after purchasing an additional 88,700 shares during the last quarter. Boston Common Asset Management LLC grew its position in Kroger by 9.0% during the 3rd quarter. Boston Common Asset Management LLC now owns 54,602 shares of the company’s stock worth $1,589,000 after purchasing an additional 4,530 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Kroger by 32.3% during the 3rd quarter. Private Advisor Group LLC now owns 62,951 shares of the company’s stock worth $1,832,000 after purchasing an additional 15,360 shares during the last quarter. 80.27% of the stock is currently owned by institutional investors and hedge funds.
KR traded up $0.08 during midday trading on Tuesday, reaching $28.72. 1,916,817 shares of the company’s stock were exchanged, compared to its average volume of 5,392,740. The company has a current ratio of 0.73, a quick ratio of 0.25 and a debt-to-equity ratio of 1.53. The stock has a market cap of $22.96 billion, a P/E ratio of 14.08, a PEG ratio of 1.85 and a beta of 0.73. Kroger Co has a 1-year low of $22.85 and a 1-year high of $32.74.
Kroger (NYSE:KR) last announced its earnings results on Thursday, December 6th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $27.67 billion during the quarter, compared to analysts’ expectations of $27.64 billion. Kroger had a net margin of 2.99% and a return on equity of 26.64%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. As a group, analysts forecast that Kroger Co will post 2.15 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, February 14th. Kroger’s payout ratio is currently 27.45%.
KR has been the topic of several analyst reports. Stephens set a $30.00 target price on shares of Kroger and gave the company a “hold” rating in a report on Friday, December 7th. Credit Suisse Group lifted their target price on shares of Kroger from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, December 7th. Zacks Investment Research downgraded shares of Kroger from a “buy” rating to a “hold” rating in a report on Friday. Bank of America reaffirmed a “buy” rating and issued a $37.00 target price (up previously from $35.00) on shares of Kroger in a report on Friday, December 7th. Finally, Loop Capital set a $30.00 target price on shares of Kroger and gave the company a “hold” rating in a report on Friday, December 7th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $31.27.
In other Kroger news, Director Robert D. Beyer sold 26,078 shares of Kroger stock in a transaction dated Monday, December 31st. The shares were sold at an average price of $27.46, for a total transaction of $716,101.88. Following the completion of the transaction, the director now owns 230,722 shares in the company, valued at $6,335,626.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert D. Beyer sold 50,000 shares of Kroger stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $27.39, for a total transaction of $1,369,500.00. Following the transaction, the director now owns 230,722 shares of the company’s stock, valued at approximately $6,319,475.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,848 shares of company stock valued at $4,605,898. 1.07% of the stock is currently owned by company insiders.
Kroger Company Profile
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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