Independent Advisor Alliance Reduces Holdings in Kroger Co (KR)

Independent Advisor Alliance trimmed its holdings in shares of Kroger Co (NYSE:KR) by 33.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,359 shares of the company’s stock after selling 6,726 shares during the quarter. Independent Advisor Alliance’s holdings in Kroger were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Howe & Rusling Inc. bought a new position in Kroger in the 3rd quarter worth about $103,000. Dupont Capital Management Corp bought a new position in Kroger in the 2nd quarter worth about $105,000. Mountain Capital Investment Advisors Inc bought a new position in Kroger in the 2nd quarter worth about $128,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Kroger by 497.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after acquiring an additional 4,390 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Kroger by 85.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after acquiring an additional 2,708 shares in the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Telsey Advisory Group increased their price objective on shares of Kroger from $24.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, December 1st. BMO Capital Markets set a $29.00 price objective on shares of Kroger and gave the company a “hold” rating in a research note on Friday, December 1st. Pivotal Research set a $30.00 price objective on shares of Kroger and gave the company a “buy” rating in a research note on Saturday, December 2nd. Moffett Nathanson assumed coverage on shares of Kroger in a research note on Monday, December 4th. They set a “buy” rating on the stock. Finally, Oppenheimer reiterated a “hold” rating and set a $26.00 price objective on shares of Kroger in a research note on Monday, December 4th. Seventeen analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.93.

In other news, 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 sale, the vice president now owns 25,956 shares in the company, valued at $664,733.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jorge P. Montoya sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.98, for a total transaction of $269,800.00. Following the transaction, the director now owns 108,910 shares in the company, valued at $2,938,391.80. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

Shares of Kroger Co (NYSE KR) traded up $0.42 during trading on Friday, hitting $26.32. 5,590,172 shares of the company traded hands, compared to its average volume of 12,253,184. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. Kroger Co has a 12-month low of $19.69 and a 12-month high of $36.44. The stock has a market capitalization of $23,523.55, a PE ratio of 13.76, a PEG ratio of 3.53 and a beta of 0.92.

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 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 analysts’ expectations of $27.48 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. analysts predict that Kroger Co will post 2.02 earnings per share for the current fiscal year.

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Kroger 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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