D.A. Davidson & CO. lifted its holdings in shares of Kroger Co (NYSE:KR) by 37.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,486 shares of the company’s stock after acquiring an additional 2,841 shares during the period. D.A. Davidson & CO.’s holdings in Kroger were worth $288,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Kroger by 2,400.4% during the third quarter. AQR Capital Management LLC now owns 12,142,940 shares of the company’s stock worth $353,481,000 after purchasing an additional 11,657,299 shares during the last quarter. FMR LLC boosted its holdings in Kroger by 64.3% during the third quarter. FMR LLC now owns 18,848,786 shares of the company’s stock worth $548,688,000 after purchasing an additional 7,375,253 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Kroger by 31.9% during the third quarter. Franklin Resources Inc. now owns 17,935,028 shares of the company’s stock worth $522,076,000 after purchasing an additional 4,332,791 shares during the last quarter. LSV Asset Management boosted its holdings in Kroger by 24.0% during the third quarter. LSV Asset Management now owns 19,668,821 shares of the company’s stock worth $572,559,000 after purchasing an additional 3,812,207 shares during the last quarter. Finally, FIL Ltd boosted its holdings in Kroger by 112.1% during the third quarter. FIL Ltd now owns 4,277,859 shares of the company’s stock worth $124,528,000 after purchasing an additional 2,261,053 shares during the last quarter. 81.46% of the stock is owned by institutional investors.
Several research analysts recently weighed in on KR shares. Telsey Advisory Group boosted their price target on shares of Kroger from $29.00 to $31.00 and gave the stock a “market perform” rating in a report on Wednesday, October 31st. UBS Group boosted their price target on shares of Kroger from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Jefferies Financial Group boosted their price target on shares of Kroger from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Pivotal Research reiterated a “hold” rating and issued a $31.00 target price on shares of Kroger in a research note on Tuesday, December 4th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $32.00 target price on shares of Kroger in a research note on Tuesday, December 4th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.27.
KR opened at $27.55 on Tuesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.25 and a current ratio of 0.73. The stock has a market capitalization of $22.20 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 1.82 and a beta of 0.73. Kroger Co has a twelve month low of $22.85 and a twelve month high of $32.74.
Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, December 6th. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. The company had revenue of $27.67 billion for 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%. Kroger’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. As a group, research analysts anticipate that Kroger Co will post 2.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, February 14th. Kroger’s payout ratio is currently 27.45%.
In related news, insider Christopher T. Hjelm sold 18,564 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $28.25, for a total transaction of $524,433.00. Following the sale, the insider now directly owns 262,727 shares in the company, valued at approximately $7,422,037.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert D. Beyer sold 26,078 shares of the company’s stock in a transaction that occurred on Monday, December 31st. The shares were sold at an average price of $27.46, for a total transaction of $716,101.88. Following the sale, the director now owns 230,722 shares in the company, valued at $6,335,626.12. The disclosure for this sale can be found here. Insiders have sold a total of 162,848 shares of company stock worth $4,605,898 over the last 90 days. 1.07% of the stock is currently owned by corporate insiders.
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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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