Tocqueville Asset Management L.P. reduced its stake in Kroger Co (NYSE:KR) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,406 shares of the company’s stock after selling 911 shares during the period. Tocqueville Asset Management L.P.’s holdings in Kroger were worth $621,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp increased its stake in Kroger by 204.0% in the 3rd quarter. Stifel Financial Corp now owns 1,182,739 shares of the company’s stock worth $30,502,000 after purchasing an additional 793,667 shares during the period. HBK Sorce Advisory LLC increased its stake in Kroger by 60.3% in the 2nd quarter. HBK Sorce Advisory LLC now owns 33,837 shares of the company’s stock worth $735,000 after purchasing an additional 12,722 shares during the period. Alberta Investment Management Corp increased its stake in Kroger by 46.3% in the 2nd quarter. Alberta Investment Management Corp now owns 190,900 shares of the company’s stock worth $4,144,000 after purchasing an additional 60,400 shares during the period. State Street Corp increased its stake in Kroger by 2.2% in the 3rd quarter. State Street Corp now owns 40,575,378 shares of the company’s stock worth $1,046,033,000 after purchasing an additional 876,611 shares during the period. Finally, National Pension Service increased its stake in Kroger by 5.2% in the 3rd quarter. National Pension Service now owns 1,084,663 shares of the company’s stock worth $27,963,000 after purchasing an additional 53,795 shares during the period. 79.19% of the stock is currently owned by institutional investors and hedge funds.
KR has been the topic of several research analyst reports. Evercore ISI raised Kroger from an “in-line” rating to an “outperform” rating and set a $33.00 target price on the stock in a research note on Thursday, December 12th. Jefferies Financial Group cut Kroger from a “buy” rating to a “hold” rating and reduced their target price for the company from $29.00 to $26.00 in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on Kroger from $24.00 to $27.00 in a research note on Thursday, October 24th. TheStreet raised Kroger from a “c+” rating to a “b-” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Co boosted their target price on Kroger from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. Kroger currently has an average rating of “Buy” and an average target price of $27.68.
In related news, SVP Mary Ellen Adcock sold 15,400 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $28.00, for a total value of $431,200.00. Following the sale, the senior vice president now directly owns 121,085 shares of the company’s stock, valued at $3,390,380. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mark C. Tuffin sold 2,600 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $28.44, for a total value of $73,944.00. Following the completion of the sale, the senior vice president now directly owns 188,305 shares in the company, valued at $5,355,394.20. The disclosure for this sale can be found here. 1.34% of the stock is owned by corporate insiders.
Shares of KR stock opened at $28.15 on Friday. The stock has a market cap of $22.48 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.43 and a beta of 0.61. The business’s fifty day moving average is $28.33 and its 200 day moving average is $25.20. Kroger Co has a twelve month low of $20.70 and a twelve month high of $29.97. The company has a quick ratio of 0.26, a current ratio of 0.78 and a debt-to-equity ratio of 2.14.
Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01). The firm had revenue of $27.97 billion during the quarter, compared to analysts’ expectations of $28.18 billion. Kroger had a return on equity of 20.32% and a net margin of 1.31%. Kroger’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share. Equities research analysts expect that Kroger Co will post 2.19 earnings per share for the current fiscal year.
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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