Robeco Institutional Asset Management B.V. raised its holdings in Kroger Co (NYSE:KR) by 269.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 808,380 shares of the company’s stock after acquiring an additional 589,599 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Kroger worth $22,188,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. IHT Wealth Management LLC lifted its holdings in shares of Kroger by 122.1% in the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock valued at $376,000 after purchasing an additional 1,523 shares in the last quarter. Howe & Rusling Inc. bought a new stake in shares of Kroger in the third quarter valued at about $103,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Kroger in the second quarter valued at about $128,000. Balentine LLC lifted its holdings in shares of Kroger by 1,263.2% in the second quarter. Balentine LLC now owns 6,380 shares of the company’s stock valued at $149,000 after purchasing an additional 5,912 shares in the last quarter. Finally, Sun Life Financial INC lifted its holdings in shares of Kroger by 45,020.0% in the second quarter. Sun Life Financial INC now owns 6,768 shares of the company’s stock valued at $158,000 after purchasing an additional 6,753 shares in the last quarter. 80.55% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the company. ValuEngine lowered Kroger from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BMO Capital Markets set a $31.00 price target on Kroger and gave the company a “hold” rating in a report on Wednesday, January 24th. Morgan Stanley boosted their price target on Kroger from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Citigroup upped their target price on Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. Finally, Stephens set a $29.00 target price on Kroger and gave the stock a “hold” rating in a report on Tuesday, January 16th. Seventeen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $29.52.
In related news, VP Michael Joseph Donnelly sold 40,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $30.64, for a total transaction of $1,225,600.00. Following the sale, the vice president now owns 319,124 shares of the company’s stock, valued at $9,777,959.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Carin L. Fike sold 1,538 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was 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 in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. Insiders sold 117,868 shares of company stock worth $3,403,416 in the last ninety days. 0.87% of the stock is owned by company insiders.
Kroger Co (KR) opened at $27.20 on Tuesday. Kroger Co has a 12-month low of $19.69 and a 12-month high of $34.75. 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 company has a market capitalization of $23,970.00, a P/E ratio of 16.19, a PEG ratio of 4.50 and a beta of 0.96.
Kroger (NYSE:KR) last posted 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 the consensus estimate of $27.48 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts expect that Kroger Co will post 2.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s payout ratio is 29.76%.
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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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