Balter Liquid Alternatives LLC purchased a new stake in Kroger Co (NYSE:KR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,954 shares of the company’s stock, valued at approximately $575,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. AHL Partners LLP boosted its position in Kroger by 396.8% during the 2nd quarter. AHL Partners LLP now owns 39,901 shares of the company’s stock worth $931,000 after buying an additional 31,869 shares during the period. Shelton Capital Management acquired a new stake in Kroger during the 2nd quarter worth approximately $214,000. Covington Capital Management boosted its position in Kroger by 15.8% during the 2nd quarter. Covington Capital Management now owns 10,975 shares of the company’s stock worth $256,000 after buying an additional 1,500 shares during the period. Wasatch Advisors Inc. acquired a new stake in Kroger during the 2nd quarter worth approximately $3,332,000. Finally, Afam Capital Inc. acquired a new stake in Kroger during the 2nd quarter worth approximately $885,000. Institutional investors own 79.59% of the company’s stock.

Shares of Kroger Co (NYSE:KR) opened at $27.66 on Monday. The firm has a market cap of $24,380.00, a price-to-earnings ratio of 16.46, a PEG ratio of 4.53 and a beta of 0.96. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. Kroger Co has a one year low of $19.69 and a one year high of $34.75.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The company 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%. Kroger’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. analysts expect that Kroger Co will post 2.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.81%. Kroger’s dividend payout ratio is currently 29.76%.

KR has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Kroger from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Wells Fargo & Co reiterated an “outperform” rating and set a $26.00 target price on shares of Kroger in a research report on Friday, November 3rd. Northcoast Research upgraded shares of Kroger from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Goldman Sachs Group restated a “neutral” rating and issued a $22.00 price target on shares of Kroger in a research report on Tuesday, November 14th. Finally, Telsey Advisory Group boosted their price target on shares of Kroger from $24.00 to $28.00 and gave the stock a “market perform” rating in a research report on Friday, December 1st. Seventeen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Kroger currently has a consensus rating of “Hold” and a consensus target price of $29.52.

In other Kroger news, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction on Friday, December 1st. The shares were 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 owns 25,956 shares in the company, valued at approximately $664,733.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael Joseph Donnelly sold 40,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $30.64, for a total transaction of $1,225,600.00. Following the sale, the vice president now owns 319,124 shares of the company’s stock, valued at approximately $9,777,959.36. The disclosure for this sale can be found here. Insiders sold a total of 117,868 shares of company stock valued at $3,403,416 in the last quarter. 0.85% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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