Kroger Co (KR) Shares Sold by Valeo Financial Advisors LLC
Valeo Financial Advisors LLC lessened its stake in Kroger Co (NYSE:KR) by 53.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,135 shares of the company’s stock after selling 17,242 shares during the period. Valeo Financial Advisors LLC’s holdings in Kroger were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wetherby Asset Management Inc. boosted its stake in Kroger by 18.2% in the fourth quarter. Wetherby Asset Management Inc. now owns 16,744 shares of the company’s stock valued at $460,000 after acquiring an additional 2,576 shares in the last quarter. Systematic Financial Management LP acquired a new position in Kroger in the fourth quarter valued at $1,318,000. Clifford Swan Investment Counsel LLC acquired a new position in Kroger in the fourth quarter valued at $253,000. Afam Capital Inc. boosted its stake in Kroger by 15.1% in the fourth quarter. Afam Capital Inc. now owns 73,955 shares of the company’s stock valued at $2,030,000 after acquiring an additional 9,714 shares in the last quarter. Finally, Uncommon Cents Investing LLC acquired a new position in Kroger in the fourth quarter valued at $6,841,000. Institutional investors own 79.05% of the company’s stock.
In other Kroger news, VP Michael Joseph Donnelly sold 40,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.64, for a total value of $1,225,600.00. Following the completion of the transaction, the vice president now directly owns 319,124 shares of the company’s stock, valued at $9,777,959.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Carin L. Fike sold 1,538 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,868 shares of company stock valued at $3,403,416. 0.87% of the stock is owned by insiders.
Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, November 30th. The company reported $0.44 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 the consensus estimate of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. equities analysts forecast that Kroger Co will post 2.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a $0.125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.80%. Kroger’s payout ratio is currently 29.76%.
Several equities analysts have issued reports on the stock. ValuEngine downgraded shares of Kroger from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BMO Capital Markets set a $31.00 price objective on shares of Kroger and gave the company a “hold” rating in a research note on Wednesday, January 24th. Morgan Stanley increased their target price on shares of Kroger from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Citigroup increased their target price on shares of Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Finally, Stephens set a $29.00 target price on shares of Kroger and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Seventeen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.52.
COPYRIGHT VIOLATION WARNING: “Kroger Co (KR) Shares Sold by Valeo Financial Advisors LLC” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://theolympiareport.com/2018/02/20/kroger-co-kr-shares-sold-by-valeo-financial-advisors-llc.html.
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.
Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Co (NYSE:KR).
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.