Kroger Co (KR) Position Lessened by Engineers Gate Manager LP
Engineers Gate Manager LP lessened its holdings in Kroger Co (NYSE:KR) by 3.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 186,294 shares of the company’s stock after selling 7,361 shares during the period. Engineers Gate Manager LP’s holdings in Kroger were worth $3,737,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Clear Perspective Advisors LLC bought a new position in shares of Kroger during the third quarter valued at about $160,000. Private Advisor Group LLC grew its stake in shares of Kroger by 24.0% during the third quarter. Private Advisor Group LLC now owns 38,517 shares of the company’s stock valued at $781,000 after buying an additional 7,467 shares during the last quarter. BB&T Investment Services Inc. grew its stake in shares of Kroger by 110.1% during the third quarter. BB&T Investment Services Inc. now owns 60,917 shares of the company’s stock valued at $1,215,000 after buying an additional 31,927 shares during the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new position in shares of Kroger during the third quarter valued at about $6,594,000. Finally, Mackenzie Financial Corp grew its stake in shares of Kroger by 28.8% during the third quarter. Mackenzie Financial Corp now owns 633,426 shares of the company’s stock valued at $12,707,000 after buying an additional 141,649 shares during the last quarter. Institutional investors own 79.10% of the company’s stock.
Kroger Co (NYSE KR) traded down $0.66 during mid-day trading on Wednesday, hitting $26.22. 11,321,500 shares of the stock traded hands, compared to its average volume of 12,367,680. Kroger Co has a 1 year low of $19.69 and a 1 year high of $36.44. The stock has a market capitalization of $23,910.36, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 3.55 and a beta of 0.92. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11.
Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. analysts forecast that Kroger Co will post 2.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. Kroger’s payout ratio is currently 29.76%.
In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of Kroger stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $26.98, for a total value of $269,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the sale, the vice president now directly owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.
Several analysts recently issued reports on KR shares. BidaskClub raised Kroger from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Vetr raised Kroger from a “buy” rating to a “strong-buy” rating and set a $27.01 target price on the stock in a research note on Wednesday, August 9th. Stephens started coverage on Kroger in a research note on Friday, August 11th. They issued an “underweight” rating and a $20.00 target price on the stock. Jefferies Group reissued a “hold” rating on shares of Kroger in a research note on Friday, August 25th. Finally, Royal Bank Of Canada set a $34.00 target price on Kroger and gave the stock a “buy” rating in a research note on Monday, August 28th. Eighteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Kroger has a consensus rating of “Hold” and an average price target of $29.16.
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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