Tocqueville Asset Management L.P. Raises Holdings in Kroger Co (KR)

Tocqueville Asset Management L.P. grew its stake in shares of Kroger Co (NYSE:KR) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 281,168 shares of the company’s stock after acquiring an additional 10,723 shares during the period. Tocqueville Asset Management L.P.’s holdings in Kroger were worth $8,185,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KR. Landaas & Co. WI ADV acquired a new stake in Kroger during the second quarter worth approximately $100,000. Lee Financial Co acquired a new stake in shares of Kroger in the third quarter valued at approximately $101,000. CSat Investment Advisory L.P. acquired a new stake in shares of Kroger in the second quarter valued at approximately $109,000. Bridgeworth LLC acquired a new stake in shares of Kroger in the second quarter valued at approximately $109,000. Finally, Zions Bancorporation acquired a new stake in shares of Kroger in the third quarter valued at approximately $128,000. Hedge funds and other institutional investors own 79.94% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Stephens set a $30.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Friday. Credit Suisse Group lifted their price target on shares of Kroger from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday. Loop Capital set a $30.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Friday. Bank of America reiterated a “buy” rating and issued a $37.00 price target (up from $35.00) on shares of Kroger in a research report on Friday. Finally, Pivotal Research reiterated a “hold” rating and issued a $31.00 price target on shares of Kroger in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Kroger currently has a consensus rating of “Hold” and an average target price of $31.67.

In other Kroger news, Director Clyde R. Moore sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $29.06, for a total transaction of $377,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Calvin J. Kaufman sold 10,500 shares of the business’s stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $27.47, for a total transaction 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. Over the last 90 days, insiders have sold 51,425 shares of company stock valued at $1,480,298. Company insiders own 1.07% of the company’s stock.

Shares of KR opened at $29.17 on Friday. Kroger Co has a one year low of $22.85 and a one year high of $32.74. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 2.08 and a beta of 0.79. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.73 and a quick ratio of 0.26.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, December 6th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. Kroger had a net margin of 2.99% and a return on equity of 26.64%. The business had revenue of $27.67 billion during the quarter, compared to the consensus estimate of $27.64 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The company’s revenue was down .3% on a year-over-year basis. On average, sell-side analysts anticipate that Kroger Co will post 2.11 earnings per share for the current fiscal year.

The company also recently disclosed 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 is currently 27.45%.

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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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