D.A. Davidson & CO. Acquires New Stake in Kroger Co (KR)

D.A. Davidson & CO. purchased a new position in Kroger Co (NYSE:KR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,645 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Equity Partners LLC grew its stake in Kroger by 45.6% in the third quarter. Chicago Equity Partners LLC now owns 283,365 shares of the company’s stock worth $8,249,000 after purchasing an additional 88,700 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Kroger by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 585,726 shares of the company’s stock worth $16,663,000 after purchasing an additional 8,931 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Kroger by 5.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 153,774 shares of the company’s stock worth $4,375,000 after purchasing an additional 7,257 shares in the last quarter. Poplar Forest Capital LLC grew its stake in Kroger by 44.3% in the third quarter. Poplar Forest Capital LLC now owns 757,374 shares of the company’s stock worth $22,047,000 after purchasing an additional 232,431 shares in the last quarter. Finally, Goodman Financial Corp grew its stake in Kroger by 8.0% in the second quarter. Goodman Financial Corp now owns 251,903 shares of the company’s stock worth $7,167,000 after purchasing an additional 18,724 shares in the last quarter. Hedge funds and other institutional investors own 79.94% of the company’s stock.

Shares of NYSE KR opened at $29.17 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.26 and a debt-to-equity ratio of 1.65. The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 2.01 and a beta of 0.79. Kroger Co has a 12-month low of $22.85 and a 12-month high of $32.74.

Kroger (NYSE:KR) last announced its earnings results on Thursday, December 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The business had revenue of $27.67 billion for the quarter, compared to analysts’ expectations of $27.64 billion. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. As a group, equities research analysts expect that Kroger Co will post 2.11 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 14th. This represents a $0.56 annualized dividend and a yield of 1.92%. Kroger’s dividend payout ratio (DPR) is presently 27.45%.

KR has been the topic of several research analyst reports. Credit Suisse Group set a $33.00 price objective on Kroger and gave the stock a “hold” rating in a research note on Thursday, September 13th. Telsey Advisory Group increased their price objective on Kroger from $29.00 to $31.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 31st. Morgan Stanley dropped their price objective on Kroger from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, September 27th. Zacks Investment Research cut Kroger from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Finally, Stephens set a $29.00 price objective on Kroger and gave the stock a “hold” rating in a research note on Friday, September 7th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.67.

In other Kroger news, insider Erin S. Sharp sold 25,314 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total transaction of $734,106.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Calvin J. Kaufman sold 10,500 shares of the stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $27.47, for a total value of $288,435.00. Following the sale, the senior vice president now directly owns 124,688 shares in the company, valued at approximately $3,425,179.36. The disclosure for this sale can be found here. Insiders have sold a total of 51,425 shares of company stock worth $1,480,298 in the last ninety days. Insiders own 1.07% of the company’s stock.

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Kroger 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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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