New York State Common Retirement Fund lessened its stake in shares of Kroger Co (NYSE:KR) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,277,548 shares of the company’s stock after selling 55,456 shares during the quarter. New York State Common Retirement Fund owned about 0.26% of Kroger worth $45,688,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. IHT Wealth Management LLC raised its position in Kroger by 122.1% in the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock worth $376,000 after acquiring an additional 1,523 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Kroger in the second quarter worth $105,000. Howe & Rusling Inc. purchased a new position in Kroger in the third quarter worth $103,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Kroger by 497.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after buying an additional 4,390 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Kroger in the second quarter valued at $128,000. Institutional investors and hedge funds own 79.10% of the company’s stock.
Kroger Co (NYSE:KR) traded up $0.19 on Thursday, hitting $26.41. The company had a trading volume of 8,174,200 shares, compared to its average volume of 12,349,835. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $23,323.27, a price-to-earnings ratio of 13.52, a P/E/G ratio of 3.46 and a beta of 0.92. Kroger Co has a fifty-two week low of $19.69 and a fifty-two week high of $36.44.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. research analysts forecast that Kroger Co will post 2.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Tuesday, November 14th. Kroger’s payout ratio is currently 29.76%.
In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the sale, the vice president now directly owns 25,956 shares in the company, valued at $664,733.16. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.
A number of brokerages have recently weighed in on KR. Oppenheimer restated a “hold” rating and issued a $26.00 price target on shares of Kroger in a research report on Monday. Moffett Nathanson began coverage on Kroger in a research report on Monday. They issued a “buy” rating for the company. Pivotal Research set a $30.00 price target on Kroger and gave the company a “buy” rating in a research report on Saturday, December 2nd. BMO Capital Markets set a $29.00 price target on Kroger and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, Telsey Advisory Group raised their price target on Kroger from $24.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, December 1st. Eighteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger has a consensus rating of “Hold” and a consensus price target of $29.16.
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The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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