Sompo Japan Nipponkoa Asset Management CO. LTD. lowered its stake in Kroger Co (NYSE:KR) by 80.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,330 shares of the company’s stock after selling 264,373 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Kroger were worth $1,766,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in KR. Thrivent Financial For Lutherans lifted its position in Kroger by 3.0% during the second quarter. Thrivent Financial For Lutherans now owns 34,850 shares of the company’s stock valued at $813,000 after buying an additional 1,000 shares during the period. Dimensional Fund Advisors LP lifted its position in Kroger by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,870,501 shares of the company’s stock valued at $66,939,000 after buying an additional 95,123 shares during the period. AHL Partners LLP lifted its position in Kroger by 396.8% during the second quarter. AHL Partners LLP now owns 39,901 shares of the company’s stock valued at $931,000 after buying an additional 31,869 shares during the period. Shelton Capital Management purchased a new position in Kroger during the second quarter valued at $214,000. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in Kroger by 22.6% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 227,402 shares of the company’s stock valued at $5,302,000 after buying an additional 41,881 shares during the period. Institutional investors and hedge funds own 80.55% of the company’s stock.
Several equities analysts have commented on KR shares. Pivotal Research set a $30.00 price objective on Kroger and gave the company a “buy” rating in a research report on Saturday, December 2nd. ValuEngine lowered Kroger from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Stephens set a $29.00 price target on Kroger and gave the stock a “hold” rating in a research report on Tuesday, January 16th. TheStreet raised Kroger from a “c+” rating to a “b” rating in a research report on Wednesday, December 27th. Finally, Northcoast Research raised Kroger from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Seventeen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger currently has an average rating of “Hold” and an average target price of $29.52.
Shares of Kroger Co (NYSE:KR) opened at $27.83 on Wednesday. Kroger Co has a twelve month low of $19.69 and a twelve month high of $34.75. The company has a market capitalization of $23,973.04, a PE ratio of 16.74, a P/E/G ratio of 4.43 and a beta of 0.95. 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 released its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $27.48 billion. During the same period last year, the company earned $0.41 EPS. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. analysts predict that Kroger Co will post 2.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.80%. Kroger’s dividend payout ratio is currently 29.76%.
In other Kroger news, insider Robert W. Clark sold 11,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $29.57, for a total transaction of $325,270.00. Following the completion of the sale, the insider now directly owns 130,780 shares in the company, valued at approximately $3,867,164.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael Joseph Donnelly sold 15,400 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $27.66, for a total value of $425,964.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,868 shares of company stock valued at $3,403,416. Corporate insiders own 0.87% of the company’s stock.
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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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