Kroger Co (KR) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC reduced its holdings in shares of Kroger Co (NYSE:KR) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,793,779 shares of the company’s stock after selling 388,675 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.76% of Kroger worth $136,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peapack Gladstone Financial Corp lifted its holdings in Kroger by 1.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock worth $265,000 after purchasing an additional 154 shares during the last quarter. Pettyjohn Wood & White Inc. lifted its holdings in Kroger by 0.4% during the 2nd quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock worth $1,217,000 after purchasing an additional 191 shares during the last quarter. Citizens Financial Group Inc RI lifted its holdings in Kroger by 4.3% during the 2nd quarter. Citizens Financial Group Inc RI now owns 6,165 shares of the company’s stock worth $144,000 after purchasing an additional 255 shares during the last quarter. Calamos Wealth Management LLC lifted its holdings in Kroger by 0.8% during the 2nd quarter. Calamos Wealth Management LLC now owns 35,067 shares of the company’s stock worth $818,000 after purchasing an additional 275 shares during the last quarter. Finally, Pacad Investment Ltd. lifted its holdings in Kroger by 0.5% during the 2nd quarter. Pacad Investment Ltd. now owns 92,704 shares of the company’s stock worth $2,162,000 after purchasing an additional 433 shares during the last quarter. Institutional investors own 79.10% of the company’s stock.

In related news, VP Carin L. Fike sold 1,538 shares of the company’s 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 of the company’s stock, valued at approximately $664,733.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jorge P. Montoya sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. Following the transaction, the director now directly owns 108,910 shares in the company, valued at $2,938,391.80. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Kroger Co (KR) traded up $0.42 during midday trading on Friday, hitting $26.32. The company’s stock had a trading volume of 5,590,172 shares, compared to its average volume of 12,253,184. Kroger Co has a 1 year low of $19.69 and a 1 year high of $36.44. The company has a market cap of $23,523.55, a price-to-earnings ratio of 13.76, a PEG ratio of 3.53 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 (NYSE:KR) last announced its earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The company had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. analysts forecast that Kroger Co will post 2.02 earnings per share for the current year.

Several analysts recently weighed in on KR shares. Oppenheimer reissued a “buy” rating and set a $28.00 price target on shares of Kroger in a report on Tuesday, September 5th. Deutsche Bank reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Kroger in a report on Tuesday, September 5th. Royal Bank of Canada set a $34.00 price objective on Kroger and gave the company a “buy” rating in a report on Monday, August 28th. Hilliard Lyons reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Kroger in a report on Tuesday, September 12th. Finally, Pivotal Research raised Kroger from a “hold” rating to a “buy” rating and boosted their price target for the stock from $21.34 to $25.00 in a report on Tuesday, September 12th. Seventeen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger presently has an average rating of “Hold” and an average target price of $28.93.

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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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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