Kroger Co (NYSE:KR) Stake Lessened by Stephens Inc. AR

Stephens Inc. AR lessened its position in shares of Kroger Co (NYSE:KR) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 122,064 shares of the company’s stock after selling 8,443 shares during the quarter. Stephens Inc. AR’s holdings in Kroger were worth $2,449,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. purchased a new stake in shares of Kroger during the second quarter worth $209,000. Aperio Group LLC increased its position in shares of Kroger by 11.6% during the second quarter. Aperio Group LLC now owns 447,471 shares of the company’s stock worth $10,435,000 after acquiring an additional 46,588 shares during the period. Benson Investment Management Company Inc. acquired a new position in shares of Kroger during the second quarter worth $2,445,000. PGGM Investments grew its stake in shares of Kroger by 36.7% during the second quarter. PGGM Investments now owns 1,169,055 shares of the company’s stock worth $27,262,000 after purchasing an additional 313,934 shares in the last quarter. Finally, Jag Capital Management LLC grew its stake in shares of Kroger by 11.1% during the second quarter. Jag Capital Management LLC now owns 34,182 shares of the company’s stock worth $797,000 after purchasing an additional 3,420 shares in the last quarter. 79.10% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the transaction, the vice president now owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jorge P. Montoya sold 10,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Shares of Kroger Co (NYSE KR) traded up $0.12 during midday trading on Thursday, reaching $26.53. 6,903,444 shares of the company were exchanged, compared to its average volume of 12,326,757. Kroger Co has a 1 year low of $19.69 and a 1 year high of $36.44. The firm has a market capitalization of $23,600.00, a price-to-earnings ratio of 13.52, a P/E/G ratio of 3.46 and a beta of 0.93. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. analysts anticipate that Kroger Co will post 2.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Tuesday, November 14th. Kroger’s dividend payout ratio is presently 29.76%.

A number of equities analysts recently commented on KR shares. Royal Bank Of Canada set a $34.00 target price on shares of Kroger and gave the stock a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research downgraded shares of Kroger from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Oppenheimer downgraded shares of Kroger to a “market perform” rating and decreased their price objective for the company from $28.00 to $23.00 in a research note on Friday, September 8th. Jefferies Group reiterated a “hold” rating on shares of Kroger in a research note on Friday, August 25th. Finally, Pivotal Research set a $30.00 target price on shares of Kroger and gave the stock a “buy” rating in a research note on Saturday, December 2nd. Eighteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $29.16.

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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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