Capital Investment Advisors LLC bought a new stake in Kroger Co (NYSE:KR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,623 shares of the company’s stock, valued at approximately $1,390,000.
A number of other large investors have also bought and sold shares of the business. Peapack Gladstone Financial Corp raised its position in Kroger by 1.4% in the second quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock valued at $265,000 after purchasing an additional 154 shares during the period. Pettyjohn Wood & White Inc. grew its stake in shares of Kroger by 0.4% in the second quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock valued at $1,217,000 after buying an additional 191 shares in the last quarter. Bank of Hawaii grew its stake in shares of Kroger by 2.5% in the second quarter. Bank of Hawaii now owns 20,872 shares of the company’s stock valued at $487,000 after buying an additional 509 shares in the last quarter. Zurich Insurance Group Ltd FI grew its stake in shares of Kroger by 0.4% in the second quarter. Zurich Insurance Group Ltd FI now owns 152,259 shares of the company’s stock valued at $3,551,000 after buying an additional 645 shares in the last quarter. Finally, Zacks Investment Management grew its stake in shares of Kroger by 0.9% in the second quarter. Zacks Investment Management now owns 104,031 shares of the company’s stock valued at $2,426,000 after buying an additional 965 shares in the last quarter. Institutional investors own 79.59% of the company’s stock.
Shares of Kroger Co (KR) opened at $28.67 on Thursday. Kroger Co has a fifty-two week low of $19.69 and a fifty-two week high of $34.99. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. The firm has a market capitalization of $25,270.00, a PE ratio of 17.07, a PEG ratio of 3.70 and a beta of 0.93.
Kroger (NYSE:KR) last posted its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. During the same period in the previous year, the business earned $0.41 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. analysts anticipate that Kroger Co will post 2.04 earnings per share for the current fiscal year.
In other Kroger news, insider Christopher T. Hjelm sold 16,530 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $27.00, for a total transaction of $446,310.00. Following the completion of the sale, the insider now directly owns 243,784 shares of the company’s stock, valued at approximately $6,582,168. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,868 shares of company stock valued at $1,607,426. 0.87% of the stock is owned by company insiders.
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of Kroger in a research note on Friday, November 3rd. Zacks Investment Research cut Kroger from a “hold” rating to a “strong sell” rating in a research note on Monday, October 16th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of Kroger in a research note on Tuesday, November 14th. BMO Capital Markets set a $29.00 price objective on Kroger and gave the company a “hold” rating in a research note on Friday, December 1st. Finally, Moffett Nathanson assumed coverage on Kroger in a research note on Monday, December 4th. They issued a “buy” rating for the company. Seventeen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Kroger presently has an average rating of “Hold” and an average price target of $29.48.
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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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