Rhumbline Advisers boosted its holdings in shares of Kroger Co (NYSE:KR) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,661,601 shares of the company’s stock after acquiring an additional 8,017 shares during the period. Rhumbline Advisers’ holdings in Kroger were worth $45,611,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. grew its holdings in Kroger by 51.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 179,552 shares of the company’s stock worth $4,929,000 after acquiring an additional 60,625 shares during the period. Arizona State Retirement System grew its holdings in Kroger by 4.6% during the 4th quarter. Arizona State Retirement System now owns 317,141 shares of the company’s stock worth $8,706,000 after acquiring an additional 13,830 shares during the period. State of Wisconsin Investment Board grew its holdings in Kroger by 2.7% during the 4th quarter. State of Wisconsin Investment Board now owns 839,533 shares of the company’s stock worth $23,045,000 after acquiring an additional 21,785 shares during the period. First Allied Advisory Services Inc. grew its holdings in Kroger by 5.5% during the 4th quarter. First Allied Advisory Services Inc. now owns 124,897 shares of the company’s stock worth $3,423,000 after acquiring an additional 6,480 shares during the period. Finally, MUFG Americas Holdings Corp grew its holdings in Kroger by 41.8% during the 4th quarter. MUFG Americas Holdings Corp now owns 13,352 shares of the company’s stock worth $367,000 after acquiring an additional 3,934 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.
Shares of Kroger Co (NYSE:KR) opened at $28.69 on Monday. The company has a market cap of $25,286.27, a price-to-earnings ratio of 14.79, a P/E/G ratio of 4.67 and a beta of 0.95. Kroger Co has a 52-week low of $19.69 and a 52-week 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.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating the 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 was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. equities analysts predict that Kroger Co will post 2.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a $0.125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.50 annualized dividend and a yield of 1.74%. Kroger’s dividend payout ratio is currently 29.76%.
In other Kroger news, 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 sale, the vice president now directly owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael Joseph Donnelly sold 40,000 shares of the business’s stock in a transaction dated 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 directly owns 319,124 shares in the company, valued at $9,777,959.36. The disclosure for this sale can be found here. Insiders sold a total of 117,868 shares of company stock worth $3,403,416 over the last ninety days. 0.87% of the stock is currently owned by insiders.
A number of analysts have commented on the stock. ValuEngine lowered shares of Kroger from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BMO Capital Markets set a $31.00 target price on shares of Kroger and gave the stock a “hold” rating in a report on Wednesday, January 24th. Morgan Stanley lifted their target price on shares of Kroger from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Citigroup lifted their price target on shares of Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Finally, Stephens set a $29.00 price target on shares of Kroger and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Seventeen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.52.
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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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