National Pension Service increased its holdings in shares of Kroger Co (NYSE:KR) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 977,602 shares of the company’s stock after purchasing an additional 134,291 shares during the quarter. National Pension Service owned approximately 0.11% of Kroger worth $26,835,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in KR. Peapack Gladstone Financial Corp boosted its stake in Kroger by 1.4% during the second quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock valued at $265,000 after buying an additional 154 shares during the last quarter. Pettyjohn Wood & White Inc. boosted its stake in Kroger by 0.4% during the second quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock valued at $1,217,000 after buying an additional 191 shares during the last quarter. Bank of Hawaii boosted its stake in Kroger by 2.5% during the second quarter. Bank of Hawaii now owns 20,872 shares of the company’s stock valued at $487,000 after buying an additional 509 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its stake in Kroger by 0.4% during the second quarter. Zurich Insurance Group Ltd FI now owns 152,259 shares of the company’s stock valued at $3,551,000 after buying an additional 645 shares during the last quarter. Finally, Zacks Investment Management boosted its stake in Kroger by 0.9% during the second quarter. Zacks Investment Management now owns 104,031 shares of the company’s stock valued at $2,426,000 after buying an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 79.59% of the company’s stock.
In other news, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the transaction, the vice president now directly 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 available at this hyperlink. Also, Director Jorge P. Montoya sold 10,000 shares of Kroger stock in a transaction on Monday, December 4th. The shares were sold at an average price of $26.98, for a total value of $269,800.00. Following the completion of 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. Insiders have sold a total of 117,868 shares of company stock worth $3,403,416 over the last 90 days. 0.85% of the stock is currently owned by company insiders.
Several research firms have recently issued reports on KR. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of Kroger in a research note on Friday, November 3rd. Zacks Investment Research lowered Kroger from a “hold” rating to a “strong sell” rating in a research note on Monday, October 16th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of Kroger in a research note on Tuesday, November 14th. BMO Capital Markets set a $29.00 price objective on Kroger and gave the company a “hold” rating in a research note on Friday, December 1st. Finally, Moffett Nathanson began coverage on Kroger in a research note on Monday, December 4th. They issued a “buy” rating for the company. Seventeen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Kroger currently has a consensus rating of “Hold” and an average target price of $29.52.
Kroger Co (KR) traded up $0.09 on Friday, reaching $27.66. The company’s stock had a trading volume of 10,252,662 shares, compared to its average volume of 10,150,000. The stock has a market cap of $24,380.00, a P/E ratio of 16.46, a P/E/G ratio of 4.53 and a beta of 0.96. Kroger Co has a one year low of $19.69 and a one year high of $34.75. 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 (NYSE:KR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. Kroger’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. equities analysts anticipate 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. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.50 annualized dividend and a yield of 1.81%. Kroger’s payout ratio is currently 29.76%.
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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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