1900 Wealth Management LLC Sells 1,713 Shares of The Kroger Co. (NYSE:KR)

1900 Wealth Management LLC lowered its stake in shares of The Kroger Co. (NYSE:KR) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,107 shares of the company’s stock after selling 1,713 shares during the period. 1900 Wealth Management LLC’s holdings in Kroger were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KR. IFP Advisors Inc raised its position in shares of Kroger by 10.7% during the third quarter. IFP Advisors Inc now owns 5,767 shares of the company’s stock valued at $258,000 after buying an additional 558 shares during the last quarter. HB Wealth Management LLC increased its position in Kroger by 18.8% in the third quarter. HB Wealth Management LLC now owns 8,017 shares of the company’s stock worth $359,000 after purchasing an additional 1,269 shares during the last quarter. RFG Advisory LLC bought a new stake in Kroger in the third quarter worth $222,000. Royal Fund Management LLC bought a new stake in Kroger in the third quarter worth $252,000. Finally, Meridian Wealth Management LLC increased its position in Kroger by 94.3% in the third quarter. Meridian Wealth Management LLC now owns 48,258 shares of the company’s stock worth $2,160,000 after purchasing an additional 23,427 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KR shares. BNP Paribas restated an “underperform” rating and issued a $48.00 price target on shares of Kroger in a research report on Monday, April 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $62.00 price objective on shares of Kroger in a research report on Tuesday. Wells Fargo & Company upgraded shares of Kroger from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $58.00 to $65.00 in a research report on Tuesday, April 16th. Guggenheim boosted their price objective on shares of Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Evercore ISI cut their price objective on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Kroger currently has an average rating of “Moderate Buy” and an average target price of $55.17.

Kroger Stock Down 2.3 %

Shares of Kroger stock opened at $55.62 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.36. The Kroger Co. has a 1 year low of $42.10 and a 1 year high of $58.34. The firm’s 50-day moving average is $53.69 and its two-hundred day moving average is $48.05. The stock has a market cap of $40.14 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.66 and a beta of 0.48.

Kroger (NYSE:KR) last issued its earnings results on Thursday, March 7th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.21. Kroger had a net margin of 1.44% and a return on equity of 31.44%. The company had revenue of $37.06 billion for the quarter, compared to analysts’ expectations of $37.07 billion. During the same period in the prior year, the business earned $0.99 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that The Kroger Co. will post 4.43 earnings per share for the current fiscal year.

Kroger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.09%. The ex-dividend date is Tuesday, May 14th. Kroger’s payout ratio is 39.19%.

Kroger Company Profile

The Kroger Co operates as a food and drug 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.