Kroger Co (KR) Position Boosted by Sentry Investment Management LLC

Sentry Investment Management LLC lifted its position in Kroger Co (NYSE:KR) by 114.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,943 shares of the company’s stock after buying an additional 39,000 shares during the quarter. Sentry Investment Management LLC’s holdings in Kroger were worth $1,701,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Bank of Nova Scotia boosted its position in Kroger by 906.4% during the first quarter. Bank of Nova Scotia now owns 211,840 shares of the company’s stock worth $6,247,000 after purchasing an additional 190,790 shares during the period. Cardinal Capital Management Inc. bought a new position in Kroger during the second quarter worth $455,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Kroger by 497.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after purchasing an additional 4,390 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Kroger by 3.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 3,254,556 shares of the company’s stock worth $95,977,000 after purchasing an additional 105,068 shares during the period. Finally, AMG National Trust Bank boosted its position in Kroger by 107.3% during the second quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock worth $1,629,000 after purchasing an additional 36,164 shares during the period. 75.72% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts have recently issued reports on the stock. Jefferies Group LLC reduced their target price on shares of Kroger from $24.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, September 11th. BidaskClub raised shares of Kroger from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Vetr raised shares of Kroger from a “buy” rating to a “strong-buy” rating and set a $27.01 target price for the company in a research report on Wednesday, August 9th. UBS AG cut shares of Kroger from an “outperform” rating to a “market perform” rating in a research report on Friday, September 8th. Finally, Hilliard Lyons reaffirmed a “buy” rating and issued a $30.00 price target on shares of Kroger in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $29.23.

Shares of Kroger Co (KR) traded down 0.946% during trading on Friday, hitting $20.623. The stock had a trading volume of 5,046,468 shares. Kroger Co has a 52 week low of $19.69 and a 52 week high of $36.44. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of 12.476 and a beta of 0.76. The firm has a 50 day moving average price of $20.89 and a 200-day moving average price of $24.70.

Kroger (NYSE:KR) last announced its earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a return on equity of 24.72% and a net margin of 1.27%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. On average, equities research analysts forecast that Kroger Co will post $1.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 annualized dividend and a yield of 2.40%. Kroger’s dividend payout ratio (DPR) is presently 30.30%.

Kroger Profile

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.

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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