Janus Henderson Group PLC Increases Stake in Kroger Co (KR)

Janus Henderson Group PLC grew its position in Kroger Co (NYSE:KR) by 0.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,281,641 shares of the company’s stock after acquiring an additional 21,381 shares during the period. Janus Henderson Group PLC owned 0.93% of Kroger worth $166,129,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Howe & Rusling Inc. acquired a new stake in Kroger during the 3rd quarter worth about $103,000. Dupont Capital Management Corp acquired a new stake in Kroger during the 2nd quarter worth about $105,000. Mountain Capital Investment Advisors Inc acquired a new stake in Kroger during the 2nd quarter worth about $128,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Kroger by 497.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after acquiring an additional 4,390 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Kroger by 85.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after acquiring an additional 2,708 shares during the period. Institutional investors own 79.10% of the company’s stock.

In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of Kroger stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. Following the transaction, the director now owns 108,910 shares of the company’s stock, valued at approximately $2,938,391.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the transaction, the vice president now directly owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

Kroger Co (NYSE KR) traded down $0.08 during mid-day trading on Tuesday, reaching $26.50. The company’s stock had a trading volume of 3,057,301 shares, compared to its average volume of 12,278,155. The firm has a market cap of $23,514.73, a P/E ratio of 13.75, a P/E/G ratio of 3.52 and a beta of 0.92. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. Kroger Co has a fifty-two week low of $19.69 and a fifty-two week high of $36.44.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.89%. Kroger’s dividend payout ratio (DPR) is currently 29.76%.

A number of analysts have weighed in on the company. Pivotal Research set a $30.00 price target on Kroger and gave the stock a “buy” rating in a report on Saturday, December 2nd. BMO Capital Markets set a $29.00 price target on Kroger and gave the stock a “hold” rating in a report on Friday, December 1st. Telsey Advisory Group increased their price target on Kroger from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday, December 1st. Oppenheimer reiterated a “hold” rating and set a $26.00 price target on shares of Kroger in a report on Monday, December 4th. Finally, Jefferies Group decreased their price target on Kroger from $24.00 to $19.00 and set a “hold” rating for the company in a report on Monday, September 11th. Eighteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.16.

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Kroger Company 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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