Kroger Co (KR) Stake Raised by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its holdings in Kroger Co (NYSE:KR) by 27.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,646,777 shares of the company’s stock after purchasing an additional 776,276 shares during the period. Dimensional Fund Advisors LP owned approximately 0.41% of Kroger worth $73,162,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in KR. Dupont Capital Management Corp bought a new stake in Kroger in the second quarter worth $105,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Kroger by 497.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after buying an additional 4,390 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Kroger by 166.9% during the second quarter. Robeco Institutional Asset Management B.V. now owns 32,272 shares of the company’s stock worth $753,000 after buying an additional 20,182 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Kroger by 2.4% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,894,778 shares of the company’s stock worth $44,186,000 after buying an additional 45,187 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Kroger by 3.3% during the second quarter. Pacer Advisors Inc. now owns 27,941 shares of the company’s stock worth $652,000 after buying an additional 882 shares during the period. Institutional investors own 79.59% of the company’s stock.
Shares of Kroger Co (NYSE KR) opened at $27.80 on Wednesday. The stock has a market cap of $24,898.47, a price-to-earnings ratio of 16.55, a PEG ratio of 3.76 and a beta of 0.92. Kroger Co has a one year low of $19.69 and a one year high of $35.27. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85.
Kroger (NYSE:KR) last issued its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. sell-side analysts predict that Kroger Co will post 2.01 EPS for the current fiscal year.
KR has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Kroger from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Jefferies Group reaffirmed a “hold” rating and set a $24.00 price objective (down from $25.00) on shares of Kroger in a research note on Thursday, August 31st. Deutsche Bank reaffirmed a “buy” rating and set a $26.00 price objective on shares of Kroger in a research note on Tuesday, September 5th. Oppenheimer reaffirmed a “buy” rating and set a $28.00 price objective on shares of Kroger in a research note on Tuesday, September 5th. Finally, UBS Group reaffirmed a “neutral” rating and set a $24.00 price objective on shares of Kroger in a research note on Wednesday, September 6th. Eighteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $29.11.
In related news, Director Jorge P. Montoya sold 10,000 shares of Kroger stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. Following the completion of the sale, the director now directly owns 108,910 shares in the company, valued at $2,938,391.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the sale, the vice president now owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. Insiders have sold 28,068 shares of company stock valued at $755,498 over the last three months. Insiders own 0.87% of the company’s stock.
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Kroger Company Profile
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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