The Kroger Co. $KR Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its position in shares of The Kroger Co. (NYSE:KR) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,112 shares of the company’s stock after selling 32,092 shares during the quarter. TD Asset Management Inc’s holdings in Kroger were worth $14,565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KR. Ares Financial Consulting LLC acquired a new stake in Kroger during the fourth quarter valued at approximately $25,000. Princeton Global Asset Management LLC raised its stake in Kroger by 268.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 416 shares of the company’s stock valued at $26,000 after buying an additional 303 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Kroger during the fourth quarter valued at approximately $28,000. Avalon Trust Co acquired a new stake in Kroger during the third quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Kroger during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on KR shares. Wolfe Research restated an “outperform” rating and set a $75.00 price objective on shares of Kroger in a research note on Thursday, March 5th. Erste Group Bank cut Kroger from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Wells Fargo & Company cut Kroger from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $70.00 to $68.00 in a research note on Wednesday, February 25th. Wall Street Zen upgraded Kroger from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Roth Mkm restated a “buy” rating and set a $78.00 price objective (up from $75.00) on shares of Kroger in a research note on Friday, March 6th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.73.

Kroger Stock Down 1.0%

NYSE:KR opened at $62.95 on Tuesday. The firm has a market capitalization of $38.57 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43. The stock has a 50 day moving average of $67.35 and a 200-day moving average of $66.60. The Kroger Co. has a 52 week low of $58.60 and a 52 week high of $76.58. The company has a current ratio of 0.80, a quick ratio of 0.42 and a debt-to-equity ratio of 2.66.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. Kroger’s dividend payout ratio is 91.50%.

Kroger Profile

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.