Coldstream Capital Management Inc. acquired a new stake in shares of Kroger Co (NYSE:KR) in the first quarter, Holdings Channel reports. The fund acquired 7,675 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Verus Capital Partners LLC boosted its stake in Kroger by 8.2% during the 1st quarter. Verus Capital Partners LLC now owns 12,073 shares of the company’s stock valued at $364,000 after purchasing an additional 912 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Kroger by 12.0% during the first quarter. The Manufacturers Life Insurance Company now owns 862,842 shares of the company’s stock valued at $25,989,000 after buying an additional 92,774 shares during the last quarter. Capital Advisors Inc. OK raised its holdings in shares of Kroger by 66.7% during the first quarter. Capital Advisors Inc. OK now owns 707,614 shares of the company’s stock valued at $21,313,000 after buying an additional 283,013 shares during the last quarter. Fred Alger Management LLC boosted its position in shares of Kroger by 18.2% during the first quarter. Fred Alger Management LLC now owns 11,878 shares of the company’s stock worth $358,000 after buying an additional 1,828 shares during the period. Finally, Perennial Advisors LLC bought a new position in Kroger in the 1st quarter worth approximately $976,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Shares of NYSE:KR traded up $0.27 during midday trading on Friday, reaching $33.05. The company had a trading volume of 2,663,314 shares, compared to its average volume of 13,502,958. The company has a fifty day simple moving average of $32.59 and a two-hundred day simple moving average of $30.46. The firm has a market cap of $25.80 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 2.20 and a beta of 0.37. Kroger Co has a 1-year low of $20.70 and a 1-year high of $36.84. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.40 and a current ratio of 0.83.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, June 18th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $41.55 billion during the quarter, compared to analyst estimates of $40.92 billion. Kroger had a net margin of 1.66% and a return on equity of 24.62%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. Analysts expect that Kroger Co will post 2.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.72 dividend. This is a positive change from Kroger’s previous quarterly dividend of $0.16. This represents a $2.88 dividend on an annualized basis and a yield of 8.72%. Kroger’s dividend payout ratio (DPR) is currently 29.09%.

A number of research analysts have issued reports on the company. CSFB boosted their price target on Kroger from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Morgan Stanley upped their price objective on shares of Kroger from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday. Exane BNP Paribas assumed coverage on shares of Kroger in a research report on Thursday, March 26th. They issued an “underperform” rating and a $28.00 target price for the company. ValuEngine downgraded shares of Kroger from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Finally, Sanford C. Bernstein reiterated a “buy” rating and issued a $37.00 price objective on shares of Kroger in a report on Friday, March 6th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.77.

In other news, CEO W Rodney Mcmullen sold 85,381 shares of Kroger stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $31.97, for a total transaction of $2,729,630.57. Following the transaction, the chief executive officer now owns 3,097,481 shares in the company, valued at $99,026,467.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.34% of the company’s stock.

Kroger Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

Further Reading: Options Trading

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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