Sentinel Trust Co. LBA lessened its stake in shares of Kroger (NYSE:KR) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,520 shares of the company’s stock after selling 44,216 shares during the quarter. Kroger makes up approximately 1.1% of Sentinel Trust Co. LBA’s holdings, making the stock its 24th largest holding. Sentinel Trust Co. LBA’s holdings in Kroger were worth $5,367,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank grew its holdings in Kroger by 10.0% in the 3rd quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock valued at $6,971,000 after buying an additional 31,561 shares during the period. Uncommon Cents Investing LLC acquired a new position in shares of Kroger in the 4th quarter valued at about $6,841,000. Private Management Group Inc. lifted its stake in shares of Kroger by 14.7% in the 4th quarter. Private Management Group Inc. now owns 1,297,395 shares of the company’s stock valued at $35,614,000 after purchasing an additional 165,874 shares in the last quarter. Point View Wealth Management Inc. lifted its stake in shares of Kroger by 38.1% in the 3rd quarter. Point View Wealth Management Inc. now owns 64,251 shares of the company’s stock valued at $1,289,000 after purchasing an additional 17,710 shares in the last quarter. Finally, Royal Bank of Scotland Group PLC lifted its position in Kroger by 3.4% during the 4th quarter. Royal Bank of Scotland Group PLC now owns 104,180 shares of the company’s stock worth $2,859,000 after acquiring an additional 3,450 shares in the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.
Several equities analysts recently commented on the company. Sanford C. Bernstein started coverage on Kroger in a research 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 price target on Kroger and gave the company a “hold” rating in a report on Monday, March 12th. Zacks Investment Research downgraded Kroger from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Pivotal Research restated 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 target on Kroger and gave the stock a “buy” rating in a research report on Friday, March 9th. Seventeen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.14.
KR stock opened at $23.77 on Friday. Kroger has a fifty-two week low of $19.69 and a fifty-two week high of $31.45. The company has a quick ratio of 0.32, a current ratio of 0.78 and a debt-to-equity ratio of 1.74. The firm has a market cap of $20,985.22, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.97 and a beta of 1.04.
Kroger (NYSE:KR) last posted its earnings results on Thursday, March 8th. The company reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $31.03 billion for the quarter, compared to analyst estimates of $30.81 billion. Kroger had a return on equity of 29.27% and a net margin of 1.55%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. equities research analysts expect that Kroger will post 2.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be issued a $0.125 dividend. The ex-dividend date is Monday, May 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.10%. Kroger’s dividend payout ratio (DPR) is 24.51%.
Kroger declared that its Board of Directors has authorized a share repurchase program on Thursday, March 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, VP Todd A. Foley sold 3,800 shares of Kroger stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $24.43, for a total value of $92,834.00. Following the sale, the vice president now owns 31,273 shares of the company’s stock, valued at $763,999.39. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher T. Hjelm sold 8,000 shares of Kroger 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 completion of the sale, the insider now directly owns 251,784 shares in the company, valued at approximately $7,714,661.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,800 shares of company stock worth $1,888,824. Corporate insiders own 0.85% of the company’s stock.
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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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