Paradigm Financial Advisors LLC trimmed its position in shares of Kroger Co (NYSE:KR) by 44.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 18,081 shares of the company’s stock after selling 14,470 shares during the quarter. Paradigm Financial Advisors LLC’s holdings in Kroger were worth $526,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KR. Landaas & Co. WI ADV purchased a new position in Kroger during the 2nd quarter worth approximately $100,000. CSat Investment Advisory L.P. acquired a new stake in shares of Kroger during the 2nd quarter valued at $109,000. Bridgeworth LLC acquired a new stake in shares of Kroger during the 2nd quarter valued at $109,000. Zions Bancorporation acquired a new stake in shares of Kroger during the 3rd quarter valued at $128,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Kroger by 100.2% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 5,170 shares of the company’s stock valued at $147,000 after buying an additional 2,587 shares during the period. Hedge funds and other institutional investors own 78.76% of the company’s stock.
KR stock opened at $31.39 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.73 and a quick ratio of 0.26. Kroger Co has a 1 year low of $21.25 and a 1 year high of $32.74. The firm has a market capitalization of $24.98 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77.
Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The business had revenue of $27.87 billion during the quarter, compared to analyst estimates of $27.95 billion. During the same quarter in the previous year, the business earned $0.39 EPS. Kroger’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts forecast that Kroger Co will post 2.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Wednesday, November 14th. Kroger’s payout ratio is presently 27.45%.
In related news, insider Erin S. Sharp sold 25,314 shares of Kroger stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $29.00, for a total value of $734,106.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Calvin J. Kaufman sold 10,500 shares of Kroger stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $27.47, for a total transaction of $288,435.00. Following the completion of the sale, the senior vice president now directly owns 124,688 shares of the company’s stock, valued at approximately $3,425,179.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,575 shares of company stock valued at $1,422,559. 1.07% of the stock is owned by company insiders.
A number of brokerages have issued reports on KR. Jefferies Financial Group lifted their target price on shares of Kroger from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Telsey Advisory Group lifted their target price on shares of Kroger from $29.00 to $31.00 and gave the company a “market perform” rating in a research note on Wednesday, October 31st. UBS Group lifted their target price on shares of Kroger from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Monday, July 16th. Finally, Northcoast Research reissued a “buy” rating and set a $36.00 target price on shares of Kroger in a research note on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. Kroger has an average rating of “Hold” and an average price target of $30.40.
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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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