Janus Henderson Group PLC Trims Position in Kroger Co (NYSE:KR)

Janus Henderson Group PLC lessened its stake in shares of Kroger Co (NYSE:KR) by 30.8% in the second quarter, Holdings Channel reports. The institutional investor owned 9,408,714 shares of the company’s stock after selling 4,178,097 shares during the quarter. Janus Henderson Group PLC’s holdings in Kroger were worth $204,262,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Kroger by 28.1% during the first quarter. Victory Capital Management Inc. now owns 8,212,249 shares of the company’s stock worth $202,022,000 after purchasing an additional 1,800,051 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kroger by 27.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,038,624 shares of the company’s stock worth $221,075,000 after purchasing an additional 1,726,318 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Kroger by 87.5% during the first quarter. Nordea Investment Management AB now owns 3,514,384 shares of the company’s stock worth $86,454,000 after purchasing an additional 1,639,961 shares in the last quarter. Poplar Forest Capital LLC grew its holdings in shares of Kroger by 132.7% during the first quarter. Poplar Forest Capital LLC now owns 2,390,718 shares of the company’s stock worth $58,812,000 after purchasing an additional 1,363,434 shares in the last quarter. Finally, Equity Investment Corp grew its holdings in shares of Kroger by 45.4% during the first quarter. Equity Investment Corp now owns 3,202,609 shares of the company’s stock worth $78,784,000 after purchasing an additional 1,000,309 shares in the last quarter. 79.68% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on KR. ValuEngine raised Kroger from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Bank of America cut their price objective on Kroger from $37.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Pivotal Research raised Kroger from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, August 2nd. Sanford C. Bernstein raised Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a report on Monday, May 20th. Finally, BMO Capital Markets cut their price objective on Kroger to $24.00 and set a “market perform” rating for the company in a report on Tuesday, June 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Kroger currently has an average rating of “Hold” and a consensus target price of $28.61.

In other Kroger news, Director Ronald Sargent bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was bought at an average price of $21.49 per share, for a total transaction of $107,450.00. Following the completion of the acquisition, the director now directly owns 94,660 shares in the company, valued at $2,034,243.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan J. Kropf sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $21.64, for a total value of $281,320.00. Following the transaction, the director now owns 101,171 shares of the company’s stock, valued at approximately $2,189,340.44. The disclosure for this sale can be found here. Insiders sold 43,600 shares of company stock valued at $955,450 in the last quarter. Corporate insiders own 1.34% of the company’s stock.

KR traded down $0.76 during midday trading on Wednesday, hitting $22.29. The stock had a trading volume of 159,996 shares, compared to its average volume of 8,726,642. The stock has a market capitalization of $18.38 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.65 and a beta of 0.62. The company’s fifty day moving average is $21.87. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.25 and a current ratio of 0.75. Kroger Co has a 1 year low of $20.70 and a 1 year high of $32.74.

Kroger (NYSE:KR) last issued its earnings results on Thursday, June 20th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $37.25 billion during the quarter, compared to analyst estimates of $37.27 billion. Kroger had a return on equity of 21.79% and a net margin of 1.54%. Kroger’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. On average, research analysts expect that Kroger Co will post 2.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th will be given a $0.16 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.64 annualized dividend and a yield of 2.87%. This is an increase from Kroger’s previous quarterly dividend of $0.14. Kroger’s payout ratio is presently 26.54%.

Kroger Company Profile

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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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