Bbva Compass Bancshares Inc. lowered its position in Kroger Co. (NYSE:KR) by 36.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 39,432 shares of the company’s stock after selling 22,590 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Kroger were worth $1,450,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in shares of 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Kroger by 2.4% in the first quarter. Geode Capital Management LLC now owns 7,496,277 shares of the company’s stock worth $286,126,000 after buying an additional 177,130 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Kroger during the second quarter worth about $235,225,000. Nordea Investment Management AB boosted its position in shares of Kroger by 365.3% in the second quarter. Nordea Investment Management AB now owns 6,121,963 shares of the company’s stock worth $225,227,000 after buying an additional 4,806,246 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Kroger by 0.8% in the second quarter. American Century Companies Inc. now owns 3,523,917 shares of the company’s stock worth $129,645,000 after buying an additional 28,672 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.
Shares of Kroger Co. (NYSE:KR) traded down 0.75% during trading on Tuesday, hitting $30.60. The company had a trading volume of 5,721,905 shares. The firm’s 50 day moving average is $30.70 and its 200-day moving average is $34.25. Kroger Co. has a 52 week low of $28.71 and a 52 week high of $42.75. The stock has a market capitalization of $28.89 billion, a P/E ratio of 14.51 and a beta of 0.70.
Kroger (NYSE:KR) last issued its quarterly earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. Equities research analysts anticipate that Kroger Co. will post $2.14 EPS 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 paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, November 10th. Kroger’s dividend payout ratio (DPR) is 22.86%.
A number of brokerages recently issued reports on KR. BMO Capital Markets set a $35.00 target price on Kroger and gave the stock a “hold” rating in a report on Sunday, September 11th. Jefferies Group set a $32.00 price target on Kroger and gave the company a “hold” rating in a research report on Saturday, October 1st. Telsey Advisory Group lowered their price target on Kroger from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, September 12th. Citigroup Inc. lowered their price target on Kroger from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, September 13th. Finally, RBC Capital Markets reissued a “sector perform” rating and issued a $37.00 price target on shares of Kroger in a research report on Friday, September 16th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.66.
In other news, insider Kevin M. Dougherty sold 31,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $31.05, for a total value of $962,550.00. Following the completion of the transaction, the insider now owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.85% of the stock is owned by insiders.
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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