ING Groep NV boosted its position in The Kroger Co. (NYSE:KR – Free Report) by 166.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 78,989 shares of the company’s stock after purchasing an additional 49,356 shares during the period. ING Groep NV’s holdings in Kroger were worth $4,935,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Kroger by 27.3% during the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after acquiring an additional 3,373 shares in the last quarter. Woodline Partners LP increased its stake in Kroger by 40.7% in the first quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock valued at $3,807,000 after acquiring an additional 16,270 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Kroger in the second quarter valued at $201,000. NewEdge Advisors LLC increased its stake in Kroger by 11.5% in the second quarter. NewEdge Advisors LLC now owns 97,288 shares of the company’s stock valued at $6,978,000 after acquiring an additional 10,051 shares during the last quarter. Finally, Nebula Research & Development LLC bought a new position in Kroger in the second quarter valued at $1,840,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Kroger Stock Down 1.0%
Shares of KR stock opened at $62.95 on Tuesday. The company’s fifty day simple moving average is $67.35 and its two-hundred day simple moving average is $66.60. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 2.66. The stock has a market cap of $38.57 billion, a P/E ratio of 41.14, a PEG ratio of 1.69 and a beta of 0.43. The Kroger Co. has a 52 week low of $58.60 and a 52 week high of $76.58.
Kroger Announces Dividend
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on KR shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kroger in a research note on Monday, June 1st. Barclays restated a “positive” rating on shares of Kroger in a report on Monday, February 9th. Morgan Stanley set a $73.00 target price on shares of Kroger and gave the company an “equal weight” rating in a report on Thursday, March 5th. Guggenheim reiterated a “buy” rating and set a $78.00 target price on shares of Kroger in a report on Tuesday, February 10th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $80.00 price target on shares of Kroger in a research report on Wednesday, June 3rd. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.73.
Read Our Latest Stock Analysis on Kroger
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.
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