KLCM Advisors Inc. decreased its holdings in shares of Kroger (NYSE:KR) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,800 shares of the company’s stock after selling 5,100 shares during the period. Kroger comprises approximately 2.7% of KLCM Advisors Inc.’s holdings, making the stock its 16th largest position. KLCM Advisors Inc.’s holdings in Kroger were worth $11,112,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of KR. Advisory Services Network LLC lifted its stake in Kroger by 297.2% in the 4th quarter. Advisory Services Network LLC now owns 3,773 shares of the company’s stock worth $104,000 after purchasing an additional 2,823 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Kroger by 97.2% during the 4th quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock valued at $136,000 after buying an additional 2,455 shares in the last quarter. Gradient Investments LLC purchased a new stake in shares of Kroger during the 4th quarter valued at about $152,000. Clear Perspective Advisors LLC purchased a new stake in shares of Kroger during the 3rd quarter valued at about $160,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Kroger during the 4th quarter valued at about $162,000. 75.69% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on KR. Sanford C. Bernstein began coverage on shares of Kroger in a report on Friday, March 9th. They set a “market perform” rating and a $27.00 price target on the stock. BMO Capital Markets set a $27.00 target price on shares of Kroger and gave the stock a “hold” rating in a research note on Monday, March 12th. Zacks Investment Research downgraded shares of Kroger from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Pivotal Research reiterated a “buy” rating and set a $28.00 price objective (down from $32.00) on shares of Kroger in a research note on Tuesday, March 6th. Finally, Royal Bank of Canada set a $36.00 price objective on shares of Kroger and gave the company a “buy” rating in a research note on Friday, March 9th. Seventeen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $27.14.
In other Kroger news, VP Todd A. Foley sold 3,800 shares of Kroger stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $24.43, for a total transaction of $92,834.00. Following the transaction, the vice president now directly owns 31,273 shares of the company’s stock, valued at $763,999.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher T. Hjelm sold 8,000 shares of Kroger stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $30.64, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders sold 62,800 shares of company stock worth $1,888,824. Insiders own 0.85% of the company’s stock.
Shares of NYSE KR traded down $0.04 during trading on Friday, hitting $23.77. The company had a trading volume of 8,797,966 shares, compared to its average volume of 10,132,233. Kroger has a fifty-two week low of $19.69 and a fifty-two week high of $31.45. The firm has a market cap of $20,985.22, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.97 and a beta of 1.04. The company has a quick ratio of 0.32, a current ratio of 0.78 and a debt-to-equity ratio of 1.74.
Kroger (NYSE:KR) last announced its earnings results on Thursday, March 8th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The business had revenue of $31.03 billion for the quarter, compared to analyst estimates of $30.81 billion. Kroger had a net margin of 1.55% and a return on equity of 29.27%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. equities research analysts anticipate that Kroger will post 2.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, May 14th. Kroger’s dividend payout ratio is currently 24.51%.
Kroger announced that its board has initiated a share repurchase plan on Thursday, March 15th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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Kroger Company Profile
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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