Atalanta Sosnoff Capital LLC purchased a new stake in shares of Kroger Co. (NYSE:KR) during the second quarter, Holdings Channel reports. The fund purchased 11,175 shares of the company’s stock, valued at approximately $411,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KR. State Street Corp boosted its stake in Kroger by 2.5% in the first quarter. State Street Corp now owns 40,607,212 shares of the company’s stock worth $1,553,228,000 after buying an additional 1,002,625 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Kroger by 3.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 27,217,290 shares of the company’s stock worth $1,041,061,000 after buying an additional 938,309 shares during the period. JPMorgan Chase & Co. boosted its stake in Kroger by 1.6% in the first quarter. JPMorgan Chase & Co. now owns 20,230,988 shares of the company’s stock worth $773,835,000 after buying an additional 321,824 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Kroger by 11.1% in the first quarter. TIAA CREF Investment Management LLC now owns 9,988,650 shares of the company’s stock worth $382,066,000 after buying an additional 996,620 shares during the period. Finally, BlackRock Group LTD boosted its stake in Kroger by 8.0% in the first quarter. BlackRock Group LTD now owns 8,107,311 shares of the company’s stock worth $310,105,000 after buying an additional 603,276 shares during the period. Institutional investors own 80.18% of the company’s stock.
Kroger Co. (NYSE:KR) traded down 0.80% on Wednesday, hitting $30.84. The stock had a trading volume of 12,447,064 shares. Kroger Co. has a one year low of $30.45 and a one year high of $42.75. The stock has a market cap of $29.11 billion, a P/E ratio of 14.62 and a beta of 0.72. The company’s 50-day moving average is $32.03 and its 200-day moving average is $35.29.
Kroger (NYSE:KR) last posted its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The business had revenue of $26.60 billion for the quarter. During the same quarter last year, the business earned $0.44 EPS. Kroger’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts anticipate that Kroger Co. will post $2.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s dividend payout ratio (DPR) is 22.86%.
A number of research firms have recently commented on KR. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $42.00 price objective on shares of Kroger in a research report on Friday, July 15th. Royal Bank Of Canada restated a “sector perform” rating and issued a $39.00 price objective on shares of Kroger in a research report on Monday, June 13th. Vetr upgraded Kroger from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 19th. Zacks Investment Research cut Kroger from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. raised Kroger from a “neutral” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, July 26th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Kroger currently has an average rating of “Buy” and an average price target of $39.38.
In related news, insider Kevin M. Dougherty sold 31,000 shares of Kroger stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total value of $962,550.00. Following the transaction, the insider now owns 130,857 shares in the company, valued at $4,063,109.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Oflen Mary Elizabeth Van sold 12,000 shares of Kroger stock in a transaction on Friday, July 8th. The shares were sold at an average price of $37.85, for a total value of $454,200.00. Following the completion of the transaction, the vice president now owns 82,349 shares in the company, valued at approximately $3,116,909.65. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.
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