MU Investments Co. Ltd. decreased its position in Kroger Co. (NYSE:KR) by 34.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,800 shares of the company’s stock after selling 3,100 shares during the period. MU Investments Co. Ltd.’s holdings in Kroger were worth $211,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. 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 valued at $112,000 after buying an additional 3,000 shares during the period. 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 valued at $119,000 after buying an additional 800 shares during the period. 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 valued at $137,000 after buying an additional 100 shares during the period. Barnett & Company Inc. purchased a new stake in shares of Kroger during the first quarter valued at 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 valued at $158,000 after buying an additional 600 shares during the period. Institutional investors own 80.18% of the company’s stock.
Kroger Co. (NYSE:KR) traded down 0.60% during midday trading on Tuesday, reaching $29.90. 9,876,974 shares of the company’s stock traded hands. Kroger Co. has a 52-week low of $29.84 and a 52-week high of $42.75. The stock has a market cap of $28.23 billion, a P/E ratio of 14.18 and a beta of 0.72. The company’s 50-day moving average price is $31.83 and its 200-day moving average price is $35.12.
Kroger (NYSE:KR) last issued its quarterly earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The firm had revenue of $26.60 billion for the quarter. Kroger had a net margin of 1.82% and a return on equity of 32.52%. Kroger’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. On average, equities analysts predict that Kroger Co. will post $2.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s payout ratio is 22.86%.
KR has been the topic of several research analyst reports. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $42.00 price target on shares of Kroger in a report on Friday, July 15th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $39.00 price target on shares of Kroger in a report on Monday, June 13th. Vetr raised shares of Kroger from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 19th. Zacks Investment Research cut shares of Kroger from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, July 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Kroger currently has a consensus rating of “Buy” and an average price target of $39.12.
In other news, VP Oflen Mary Elizabeth Van sold 12,000 shares of the company’s 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 sale, the vice president now owns 82,349 shares of the company’s stock, valued at approximately $3,116,909.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider now directly owns 130,857 shares of the company’s stock, valued at approximately $4,063,109.85. The disclosure for this sale can be found here. 0.85% of the stock is currently 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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