BKS Advisors LLC Has $315,000 Position in Kroger Co (KR)

BKS Advisors LLC decreased its position in shares of Kroger Co (NYSE:KR) by 17.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,800 shares of the company’s stock after selling 2,750 shares during the quarter. BKS Advisors LLC’s holdings in Kroger were worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lavaca Capital LLC bought a new stake in Kroger in the 1st quarter valued at $25,000. Doyle Wealth Management bought a new stake in Kroger in the 4th quarter valued at $26,000. Riverview Trust Co bought a new stake in Kroger in the 4th quarter valued at $26,000. Lindbrook Capital LLC bought a new stake in Kroger in the 4th quarter valued at $32,000. Finally, Financial Gravity Companies Inc. bought a new stake in Kroger in the 4th quarter valued at $33,000. Institutional investors own 82.20% of the company’s stock.

In related news, Director Robert D. Beyer sold 80,000 shares of Kroger stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $24.52, for a total transaction of $1,961,600.00. Following the completion of the transaction, the director now directly owns 126,800 shares of the company’s stock, valued at approximately $3,109,136. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.07% of the stock is currently owned by insiders.

Kroger stock opened at $25.57 on Wednesday. Kroger Co has a twelve month low of $23.52 and a twelve month high of $32.74. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.28 and a current ratio of 0.76. The stock has a market capitalization of $20.42 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.54 and a beta of 0.64.

Kroger (NYSE:KR) last posted its earnings results on Thursday, March 7th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Kroger had a return on equity of 23.50% and a net margin of 2.57%. The business had revenue of $28.09 billion during the quarter, compared to the consensus estimate of $28.38 billion. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities analysts forecast that Kroger Co will post 2.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.19%. Kroger’s dividend payout ratio is presently 26.54%.

A number of brokerages have issued reports on KR. ValuEngine downgraded shares of Kroger from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Tuesday, February 5th. Evercore ISI began coverage on shares of Kroger in a report on Wednesday, March 20th. They issued an “in-line” rating and a $27.00 price target on the stock. Credit Suisse Group reduced their price target on shares of Kroger from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, March 8th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $29.00 target price (down from $31.00) on shares of Kroger in a report on Friday, March 8th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Kroger presently has a consensus rating of “Hold” and a consensus target price of $30.33.

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About Kroger

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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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