Media stories about Kroger (NYSE:KR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kroger earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.8674689984038 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Kroger to offer mobile payments through Chase Pay (fooddive.com)
- Kroger Marking Muncie Pay Less (insideindianabusiness.com)
- Kroger officially withdraws from Teamsters Central States (pionline.com)
- Kroger faced challenges at every turn in 2017 (bizjournals.com)
- Chase Pay acceptance coming to Kroger in 2018 (mobilepaymentstoday.com)
A number of equities analysts have recently weighed in on the stock. Oppenheimer reaffirmed a “hold” rating and issued a $26.00 price target on shares of Kroger in a research note on Monday, December 4th. Moffett Nathanson assumed coverage on shares of Kroger in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Pivotal Research set a $30.00 price target on shares of Kroger and gave the stock a “buy” rating in a research note on Saturday, December 2nd. BMO Capital Markets set a $29.00 price target on shares of Kroger and gave the stock a “hold” rating in a research note on Friday, December 1st. Finally, Telsey Advisory Group upped their price target on shares of Kroger from $24.00 to $28.00 and gave the stock a “market perform” rating in a research note on Friday, December 1st. Eighteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Kroger currently has an average rating of “Hold” and an average price target of $29.16.
Shares of Kroger (NYSE KR) traded up $0.36 during trading hours on Wednesday, reaching $26.69. 10,837,197 shares of the company were exchanged, compared to its average volume of 12,253,336. The company has a market capitalization of $23,740.00, a PE ratio of 13.70, a PEG ratio of 3.51 and a beta of 0.93. Kroger has a 12-month low of $19.69 and a 12-month high of $36.44. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31.
Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. equities analysts anticipate that Kroger will post 2.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Tuesday, November 14th. Kroger’s dividend payout ratio (DPR) is 29.76%.
In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. Following the completion of the sale, the director now directly owns 108,910 shares in the company, valued at $2,938,391.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.
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The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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