Kroger Co (KR) Position Reduced by Frontier Investment Mgmt Co.

Frontier Investment Mgmt Co. lessened its holdings in Kroger Co (NYSE:KR) by 53.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,342 shares of the company’s stock after selling 14,000 shares during the quarter. Frontier Investment Mgmt Co.’s holdings in Kroger were worth $339,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Kroger by 22.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,618 shares of the company’s stock valued at $264,000 after acquiring an additional 1,748 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Kroger by 41.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,121 shares of the company’s stock valued at $168,000 after acquiring an additional 1,780 shares in the last quarter. Dowling & Yahnke LLC boosted its stake in Kroger by 5.8% in the fourth quarter. Dowling & Yahnke LLC now owns 33,174 shares of the company’s stock valued at $911,000 after acquiring an additional 1,805 shares in the last quarter. Benedict Financial Advisors Inc. boosted its stake in Kroger by 9.4% in the fourth quarter. Benedict Financial Advisors Inc. now owns 21,501 shares of the company’s stock valued at $590,000 after acquiring an additional 1,845 shares in the last quarter. Finally, Baker Ellis Asset Management LLC boosted its stake in Kroger by 0.7% in the fourth quarter. Baker Ellis Asset Management LLC now owns 252,161 shares of the company’s stock valued at $6,922,000 after acquiring an additional 1,875 shares in the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kroger Co (KR) opened at $28.69 on Tuesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. The company has a market cap of $25,286.27, a PE ratio of 14.79, a P/E/G ratio of 4.67 and a beta of 0.95. Kroger Co has a 12-month low of $19.69 and a 12-month high of $34.75.

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 1.74%. Kroger’s payout ratio is currently 29.76%.

Several equities analysts have issued reports on the stock. 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. Goldman Sachs Group restated a “neutral” rating and issued a $22.00 price objective on shares of Kroger in a research note on Tuesday, November 14th. Oppenheimer restated a “hold” rating and issued a $26.00 price objective on shares of Kroger in a research note on Monday, December 4th. ValuEngine downgraded shares of Kroger from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley upped their price objective on shares of Kroger from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Seventeen 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. The company has an average rating of “Hold” and a consensus target price of $29.52.

In related news, VP Carin L. Fike sold 1,538 shares of the firm’s 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 completion of the sale, the vice president now owns 25,956 shares in the company, valued at $664,733.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Michael Joseph Donnelly sold 40,000 shares of the firm’s stock in a transaction dated 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 completion of 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. 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.

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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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