Old Mutual Global Investors UK Ltd. decreased its holdings in Kroger Co (NYSE:KR) by 51.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 246,441 shares of the company’s stock after selling 262,518 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Kroger were worth $6,764,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Shelton Capital Management acquired a new stake in Kroger during the 2nd quarter worth $214,000. Intl Fcstone Inc. acquired a new stake in Kroger during the 2nd quarter worth $645,000. Frontier Investment Mgmt Co. raised its stake in Kroger by 107.2% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock worth $1,169,000 after acquiring an additional 25,940 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Kroger by 43.5% in the third quarter. Eqis Capital Management Inc. now owns 12,883 shares of the company’s stock valued at $258,000 after purchasing an additional 3,906 shares during the period. Finally, Howe & Rusling Inc. acquired a new position in Kroger in the third quarter valued at $103,000. Institutional investors and hedge funds own 79.05% of the company’s stock.
A number of analysts recently commented on KR shares. Morgan Stanley boosted their price objective on shares of Kroger from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Pivotal Research set a $30.00 price target on shares of Kroger and gave the company a “buy” rating in a report on Saturday, December 2nd. Telsey Advisory Group boosted their price objective on shares of Kroger from $24.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, December 1st. Stephens set a $29.00 price objective on shares of Kroger and gave the company a “hold” rating in a research report on Tuesday, January 16th. Finally, BMO Capital Markets set a $29.00 price target on shares of Kroger and gave the stock a “hold” rating in a research report on Friday, December 1st. Seventeen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $29.52.
Kroger Co (NYSE KR) traded up $0.12 during trading hours on Friday, hitting $27.34. 2,501,468 shares of the stock traded hands, compared to its average volume of 10,090,000. Kroger Co has a one year low of $19.69 and a one year high of $33.39. The company has a market cap of $24,110.00, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 4.46 and a beta of 0.96. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85.
Kroger (NYSE:KR) last announced its earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the consensus estimate 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 period last year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. equities analysts forecast that Kroger Co will post 2.04 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s payout ratio is 29.76%.
In related news, insider Robert W. Clark sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $29.57, for a total transaction of $325,270.00. Following the completion of the sale, the insider now directly owns 130,780 shares in the company, valued at $3,867,164.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,868 shares of company stock valued at $3,403,416. 0.85% of the stock is currently owned by corporate insiders.
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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