Crossvault Capital Management LLC lowered its stake in Kroger Co. (NYSE:KR) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 87,850 shares of the company’s stock after selling 1,050 shares during the period. Kroger comprises about 2.3% of Crossvault Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Crossvault Capital Management LLC’s holdings in Kroger were worth $3,232,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of KR. Physicians Financial Services Inc. increased its stake in shares of Kroger by 7,500.0% in the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock worth $112,000 after buying an additional 3,000 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Kroger by 32.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,246 shares of the company’s stock worth $119,000 after buying an additional 800 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock worth $137,000 after buying an additional 100 shares during the last quarter. Barnett & Company Inc. acquired a new stake in shares of Kroger during the first quarter worth about $145,000. Finally, Ledyard National Bank increased its stake in shares of Kroger by 16.2% in the second quarter. Ledyard National Bank now owns 4,300 shares of the company’s stock worth $158,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 80.18% of the company’s stock.
Shares of Kroger Co. (NYSE:KR) traded up 0.61% on Friday, reaching $29.68. The company had a trading volume of 26,196,303 shares. The stock has a 50 day moving average price of $31.60 and a 200-day moving average price of $34.98. Kroger Co. has a 12 month low of $29.49 and a 12 month high of $42.75. The company has a market capitalization of $28.02 billion, a price-to-earnings ratio of 14.07 and a beta of 0.72.
Kroger (NYSE:KR) last released its 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. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The company had revenue of $26.60 billion for the quarter. During the same period in the prior year, the business earned $0.44 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts forecast that Kroger Co. will post $2.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Thursday, November 10th. Kroger’s dividend payout ratio is presently 22.86%.
A number of brokerages recently issued reports on KR. BMO Capital Markets set a $35.00 price objective on Kroger and gave the stock a “hold” rating in a research report on Sunday, September 11th. Telsey Advisory Group dropped their target price 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. dropped their target price on Kroger from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, September 13th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $37.00 target price on shares of Kroger in a research report on Friday, September 16th. Finally, Wolfe Research downgraded Kroger from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 15th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Kroger presently has a consensus rating of “Buy” and a consensus target price of $39.12.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 130,857 shares of the company’s stock, valued at approximately $4,063,109.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Oflen Mary Elizabeth Van sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $37.85, for a total value of $454,200.00. Following the completion of the sale, the vice president now directly owns 82,349 shares in the company, valued at approximately $3,116,909.65. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.
Kroger Company Profile
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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