Coho Partners Ltd. lessened its holdings in shares of Kroger Co (NYSE:KR) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,450,245 shares of the company’s stock after selling 484,922 shares during the period. Kroger accounts for about 3.7% of Coho Partners Ltd.’s investment portfolio, making the stock its 11th biggest holding. Coho Partners Ltd. owned 0.62% of Kroger worth $149,609,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in KR. IHT Wealth Management LLC increased its stake in shares of Kroger by 122.1% during the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock valued at $376,000 after acquiring an additional 1,523 shares during the period. Howe & Rusling Inc. acquired a new position in Kroger in the third quarter worth approximately $103,000. Mountain Capital Investment Advisors Inc acquired a new position in Kroger in the second quarter worth approximately $128,000. Balentine LLC grew its position in Kroger by 1,263.2% in the second quarter. Balentine LLC now owns 6,380 shares of the company’s stock worth $149,000 after buying an additional 5,912 shares during the last quarter. Finally, Sun Life Financial INC grew its position in Kroger by 45,020.0% in the second quarter. Sun Life Financial INC now owns 6,768 shares of the company’s stock worth $158,000 after buying an additional 6,753 shares during the last quarter. 80.55% of the stock is currently owned by institutional investors.
In other Kroger news, insider Christopher T. Hjelm sold 8,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.64, for a total value of $245,120.00. Following the transaction, the insider now directly owns 251,784 shares in the company, valued at $7,714,661.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the transaction, the vice president now owns 25,956 shares in the company, valued at $664,733.16. The disclosure for this sale can be found here. In the last three months, insiders sold 117,868 shares of company stock worth $3,403,416. 0.87% of the stock is currently owned by insiders.
KR has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Kroger from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Goldman Sachs Group reissued a “neutral” rating and set a $22.00 target price on shares of Kroger in a research note on Tuesday, November 14th. Citigroup lifted their target price on shares of Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Wells Fargo & Co reissued an “outperform” rating and set a $26.00 target price on shares of Kroger in a research note on Friday, November 3rd. Finally, ValuEngine lowered shares of Kroger from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Seventeen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Kroger currently has a consensus rating of “Hold” and a consensus target price of $29.52.
Kroger Co (NYSE KR) traded up $0.53 during trading hours on Wednesday, hitting $28.53. 4,884,233 shares of the stock traded hands, compared to its average volume of 10,268,085. The company has a market cap of $23,973.04, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 4.43 and a beta of 0.95. Kroger Co has a one year low of $19.69 and a one year high of $34.75. 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 posted its 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 business had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. research analysts forecast that Kroger Co will post 2.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.75%. Kroger’s payout ratio is currently 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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