FormulaFolio Investments LLC Makes New Investment in The Kroger Co. (NYSE:KR)


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FormulaFolio Investments LLC acquired a new position in The Kroger Co. (NYSE:KR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,429 shares of the company’s stock, valued at approximately $490,000.

Other hedge funds have also recently made changes to their positions in the company. Diversified LLC bought a new position in shares of The Kroger during the 4th quarter worth approximately $26,000. Mcmillion Capital Management Inc. bought a new position in shares of The Kroger during the 4th quarter worth approximately $29,000. Rocky Mountain Advisers LLC lifted its position in shares of The Kroger by 46.0% during the 4th quarter. Rocky Mountain Advisers LLC now owns 952 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Clear Perspectives Financial Planning LLC bought a new position in shares of The Kroger during the 4th quarter worth approximately $30,000. Finally, Paces Ferry Wealth Advisors LLC bought a new position in shares of The Kroger during the 3rd quarter worth approximately $31,000. Institutional investors own 84.64% of the company’s stock.

In other news, SVP Mary Ellen Adcock sold 5,260 shares of the firm’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $35.84, for a total transaction of $188,518.40. Following the sale, the senior vice president now owns 121,579 shares of the company’s stock, valued at $4,357,391.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mark C. Tuffin sold 21,000 shares of The Kroger stock in a transaction dated Friday, March 26th. The shares were sold at an average price of $36.88, for a total value of $774,480.00. Following the transaction, the senior vice president now owns 243,243 shares in the company, valued at approximately $8,970,801.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,730 shares of company stock valued at $2,708,071. 1.34% of the stock is owned by insiders.

Shares of The Kroger stock opened at $37.15 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.83 and a debt-to-equity ratio of 1.19. The Kroger Co. has a 12 month low of $30.01 and a 12 month high of $42.99. The business has a fifty day simple moving average of $34.96 and a 200 day simple moving average of $33.33. The stock has a market cap of $27.94 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.51 and a beta of 0.36.

The Kroger (NYSE:KR) last announced its quarterly earnings data on Wednesday, March 3rd. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The Kroger had a return on equity of 27.26% and a net margin of 2.29%. The business had revenue of $30.74 billion during the quarter, compared to analysts’ expectations of $30.79 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts expect that The Kroger Co. will post 3.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 14th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, May 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.94%. The Kroger’s dividend payout ratio (DPR) is presently 32.73%.

Several equities analysts recently commented on KR shares. Barclays downgraded The Kroger from an “equal weight” rating to an “underweight” rating and set a $31.00 target price for the company. in a research report on Thursday, January 7th. Morgan Stanley lifted their price objective on The Kroger from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Thursday, March 11th. Bank of America downgraded The Kroger from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $40.00 to $28.00 in a research report on Tuesday, February 23rd. Wells Fargo & Company lifted their price objective on The Kroger from $31.00 to $34.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 27th. Finally, Telsey Advisory Group downgraded The Kroger from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $43.00 to $39.00 in a research report on Thursday, January 28th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.29.

The Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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 The Kroger (NYSE:KR)

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