Riverhead Capital Management LLC Acquires 57,870 Shares of Kroger Co (KR)

Riverhead Capital Management LLC lifted its holdings in shares of Kroger Co (NYSE:KR) by 33.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,536 shares of the company’s stock after acquiring an additional 57,870 shares during the quarter. Riverhead Capital Management LLC’s holdings in Kroger were worth $6,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Chicago Equity Partners LLC lifted its holdings in Kroger by 45.6% in the 3rd quarter. Chicago Equity Partners LLC now owns 283,365 shares of the company’s stock worth $8,249,000 after buying an additional 88,700 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Kroger by 1.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 585,726 shares of the company’s stock valued at $16,663,000 after purchasing an additional 8,931 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Kroger by 5.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 153,774 shares of the company’s stock valued at $4,375,000 after purchasing an additional 7,257 shares in the last quarter. Poplar Forest Capital LLC raised its stake in shares of Kroger by 44.3% in the 3rd quarter. Poplar Forest Capital LLC now owns 757,374 shares of the company’s stock valued at $22,047,000 after purchasing an additional 232,431 shares in the last quarter. Finally, Goodman Financial Corp raised its stake in shares of Kroger by 8.0% in the 2nd quarter. Goodman Financial Corp now owns 251,903 shares of the company’s stock valued at $7,167,000 after purchasing an additional 18,724 shares in the last quarter. Institutional investors and hedge funds own 79.94% of the company’s stock.

NYSE KR opened at $28.64 on Wednesday. Kroger Co has a 52 week low of $22.85 and a 52 week high of $32.74. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.09 and a beta of 0.79.

Kroger (NYSE:KR) last posted its earnings results on Thursday, September 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The firm had revenue of $27.87 billion during the quarter, compared to analysts’ expectations of $27.95 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. Kroger’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts expect that Kroger Co will post 2.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.96%. The ex-dividend date was Wednesday, November 14th. Kroger’s dividend payout ratio (DPR) is 27.45%.

A number of brokerages have recently issued reports on KR. Credit Suisse Group cut their target price on shares of Kroger from $33.00 to $32.00 and set an “outperform” rating on the stock in a research note on Friday, September 14th. Pivotal Research restated a “hold” rating and issued a $31.00 target price on shares of Kroger in a research note on Tuesday. UBS Group upped their target price on shares of Kroger from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Stephens set a $29.00 price objective on shares of Kroger and gave the company a “hold” rating in a research report on Friday, September 7th. Finally, Telsey Advisory Group boosted their price objective on shares of Kroger from $29.00 to $31.00 and gave the company a “market perform” rating in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. Kroger presently has a consensus rating of “Hold” and an average target price of $31.11.

In other news, insider Mary Ellen Adcock sold 1,850 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $31.21, for a total value of $57,738.50. Following the completion of the transaction, the insider now directly owns 97,119 shares in the company, valued at $3,031,083.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Calvin J. Kaufman sold 10,500 shares of the stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $27.47, for a total transaction of $288,435.00. Following the completion of the transaction, the senior vice president now owns 124,688 shares of the company’s stock, valued at $3,425,179.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,425 shares of company stock valued at $1,480,298. 1.07% of the stock is owned by insiders.

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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 products for sale in its supermarkets. The company operates supermarkets, 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.

Further Reading: S&P 500 Index

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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