5,222 Shares in The Kroger Co. (NYSE:KR) Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC bought a new position in shares of The Kroger Co. (NYSE:KRGet Rating) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 5,222 shares of the company’s stock, valued at approximately $300,000.

Several other hedge funds have also recently made changes to their positions in the business. Fieldpoint Private Securities LLC raised its position in shares of Kroger by 17.8% in the 1st quarter. Fieldpoint Private Securities LLC now owns 1,126 shares of the company’s stock worth $65,000 after acquiring an additional 170 shares in the last quarter. Pinnacle Financial Partners Inc. increased its position in Kroger by 4.2% in the 1st quarter. Pinnacle Financial Partners Inc. now owns 4,772 shares of the company’s stock valued at $274,000 after buying an additional 194 shares in the last quarter. City Holding Co. increased its position in Kroger by 19.7% in the 4th quarter. City Holding Co. now owns 1,215 shares of the company’s stock valued at $57,000 after buying an additional 200 shares in the last quarter. Diversified Trust Co increased its position in Kroger by 2.9% in the 1st quarter. Diversified Trust Co now owns 7,151 shares of the company’s stock valued at $410,000 after buying an additional 200 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position in Kroger by 25.5% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 985 shares of the company’s stock valued at $57,000 after buying an additional 200 shares in the last quarter. 81.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

KR has been the subject of a number of research analyst reports. MKM Partners boosted their target price on Kroger from $48.00 to $55.00 in a research report on Tuesday, June 21st. Morgan Stanley boosted their target price on Kroger from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Friday, June 17th. BNP Paribas upgraded Kroger from an “underperform” rating to a “neutral” rating and set a $60.00 price target for the company in a research note on Friday, April 22nd. Evercore ISI reiterated a “hold” rating and set a $54.00 price target on shares of Kroger in a research note on Friday, June 17th. Finally, Guggenheim reiterated a “buy” rating and set a $57.00 price target on shares of Kroger in a research note on Friday, June 17th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $52.22.

Kroger Price Performance

Kroger stock opened at $47.25 on Friday. The Kroger Co. has a 12 month low of $38.22 and a 12 month high of $62.78. The company has a current ratio of 0.76, a quick ratio of 0.30 and a debt-to-equity ratio of 1.39. The business’s 50 day simple moving average is $48.47 and its 200 day simple moving average is $50.99. The company has a market cap of $33.81 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.06 and a beta of 0.49.

Kroger (NYSE:KRGet Rating) last issued its earnings results on Thursday, June 16th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.17. Kroger had a net margin of 1.54% and a return on equity of 31.50%. The business had revenue of $44.60 billion for the quarter, compared to analysts’ expectations of $44.23 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. Sell-side analysts forecast that The Kroger Co. will post 3.92 EPS for the current year.

Kroger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be issued a dividend of $0.26 per share. This is a boost from Kroger’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, August 12th. This represents a $1.04 dividend on an annualized basis and a yield of 2.20%. Kroger’s payout ratio is presently 28.97%.

About Kroger

(Get Rating)

The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

Featured Articles

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kroger Co. (NYSE:KRGet Rating).

Institutional Ownership by Quarter for Kroger (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.