Frontier Investment Mgmt Co. reduced its stake in shares of Kroger Co (NYSE:KR) by 53.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,342 shares of the company’s stock after selling 14,000 shares during the period. Frontier Investment Mgmt Co.’s holdings in Kroger were worth $339,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of KR. Intl Fcstone Inc. acquired a new position in shares of Kroger during the 2nd quarter worth approximately $645,000. Eqis Capital Management Inc. boosted its holdings in shares of Kroger by 43.5% during the 3rd quarter. Eqis Capital Management Inc. now owns 12,883 shares of the company’s stock worth $258,000 after purchasing an additional 3,906 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Kroger by 28.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 100,724 shares of the company’s stock worth $2,021,000 after purchasing an additional 22,269 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Kroger by 577.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 218,781 shares of the company’s stock worth $4,391,000 after purchasing an additional 186,509 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in shares of Kroger by 8.7% during the 3rd quarter. LS Investment Advisors LLC now owns 38,791 shares of the company’s stock worth $778,000 after purchasing an additional 3,120 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.
In other news, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now owns 25,956 shares of the company’s stock, valued at $664,733.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael Joseph Donnelly sold 40,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $30.64, for a total value of $1,225,600.00. Following the sale, the vice president now directly owns 319,124 shares in the company, valued at approximately $9,777,959.36. 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 owned by corporate insiders.
Shares of Kroger Co (NYSE KR) opened at $28.69 on Tuesday. The stock has a market capitalization of $25,286.27, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 4.67 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 Co has a 12-month low of $19.69 and a 12-month high of $34.75.
Kroger (NYSE:KR) last announced its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 earnings per share. equities research analysts expect that Kroger Co will post 2.04 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s payout ratio is 29.76%.
A number of research analysts recently commented on KR shares. ValuEngine cut Kroger from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BMO Capital Markets set a $31.00 price objective on Kroger and gave the company a “hold” rating in a report on Wednesday, January 24th. Morgan Stanley upped their price objective 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 price objective on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. Finally, Stephens set a $29.00 price objective on Kroger and gave the company a “hold” rating in a report on Tuesday, January 16th. Seventeen 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. The company has a consensus rating of “Hold” and an average price target of $29.52.
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Kroger Company Profile
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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