Horrell Capital Management Inc. held its stake in shares of Kroger Co. (NYSE:KR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,000 shares of the company’s stock at the end of the second quarter. Horrell Capital Management Inc.’s holdings in Kroger were worth $2,066,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Virginia Retirement System purchased a new stake in Kroger during the first quarter worth approximately $36,460,000. Nisa Investment Advisors L.L.C. boosted its stake in shares of Kroger by 2.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 304,314 shares of the company’s stock valued at $11,640,000 after buying an additional 7,900 shares in the last quarter. Thomas White International Ltd. boosted its stake in shares of Kroger by 26.6% in the first quarter. Thomas White International Ltd. now owns 42,817 shares of the company’s stock valued at $1,638,000 after buying an additional 8,987 shares in the last quarter. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Kroger during the first quarter valued at about $775,000. Finally, Aperio Group LLC boosted its stake in shares of Kroger by 5.7% in the first quarter. Aperio Group LLC now owns 418,081 shares of the company’s stock valued at $15,992,000 after buying an additional 22,712 shares in the last quarter. Institutional investors and hedge funds own 80.18% of the company’s stock.
Shares of Kroger Co. (NYSE:KR) traded down 0.98% during midday trading on Friday, reaching $30.45. 8,581,923 shares of the company were exchanged. The firm has a 50-day moving average of $31.96 and a 200 day moving average of $35.26. The firm has a market capitalization of $28.75 billion, a P/E ratio of 14.44 and a beta of 0.72. Kroger Co. has a 52 week low of $30.44 and a 52 week high of $42.75.
Kroger (NYSE:KR) last posted its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The company earned $26.60 billion during the quarter. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, equities research analysts expect that Kroger Co. will post $2.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s dividend payout ratio is presently 22.86%.
Several equities research analysts recently issued reports on the stock. Barclays PLC assumed coverage on shares of Kroger in a report on Friday. They issued an “equal weight” rating and a $33.00 target price on the stock. RBC Capital Markets restated a “sector perform” rating and issued a $37.00 target price on shares of Kroger in a report on Friday, September 16th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $39.00 target price (down previously from $40.00) on shares of Kroger in a report on Wednesday, September 14th. Citigroup Inc. dropped their target price on shares of Kroger from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, September 13th. Finally, BMO Capital Markets set a $35.00 target price on shares of Kroger and gave the stock a “hold” rating in a report on Sunday, September 11th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $39.12.
In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the transaction, the insider now directly owns 130,857 shares in the company, valued at $4,063,109.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Oflen Mary Elizabeth Van sold 12,000 shares of the company’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $37.85, for a total transaction of $454,200.00. Following the transaction, the vice president now owns 82,349 shares of the company’s stock, valued at $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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