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%.
COPYRIGHT VIOLATION WARNING: “Tocqueville Asset Management L.P. Raises Holdings in Kroger Co (KR)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/12/08/tocqueville-asset-management-l-p-raises-holdings-in-kroger-co-kr.html.
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.
Featured Story: How To Calculate Debt-to-Equity Ratio
Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Co (NYSE:KR).
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.