Bank of Hawaii raised its position in Kroger Co (NYSE:KR) by 20.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,592 shares of the company’s stock after buying an additional 5,005 shares during the quarter. Bank of Hawaii’s holdings in Kroger were worth $812,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in KR. LSV Asset Management boosted its position in Kroger by 11.5% during the 4th quarter. LSV Asset Management now owns 14,112,947 shares of the company’s stock worth $387,400,000 after buying an additional 1,459,907 shares during the period. Sanders Capital LLC bought a new stake in shares of Kroger in the 4th quarter valued at $293,538,000. UBS Asset Management Americas Inc. increased its stake in shares of Kroger by 12.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 8,532,598 shares of the company’s stock valued at $234,220,000 after acquiring an additional 958,722 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Kroger by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 8,281,641 shares of the company’s stock valued at $166,129,000 after acquiring an additional 21,381 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Kroger by 2.0% in the 3rd quarter. Nordea Investment Management AB now owns 7,404,636 shares of the company’s stock valued at $148,537,000 after acquiring an additional 145,491 shares in the last quarter. 74.75% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. Bank of America cut their price objective on shares of Kroger from $33.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank of Canada set a $36.00 price objective on shares of Kroger and gave the company a “buy” rating in a report on Friday. Stephens set a $22.00 price target on Kroger and gave the company a “hold” rating in a research report on Friday. Sanford C. Bernstein began coverage on shares of Kroger in a research report on Friday. They issued a “market perform” rating and a $27.00 price objective on the stock. Finally, Loop Capital set a $28.00 price objective on shares of Kroger and gave the stock a “hold” rating in a research report on Wednesday, March 7th. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Kroger presently has an average rating of “Hold” and a consensus price target of $27.52.
Kroger Co (NYSE KR) opened at $24.08 on Monday. Kroger Co has a 12-month low of $19.69 and a 12-month high of $31.45. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.31 and a current ratio of 0.78. The firm has a market capitalization of $21,220.00, a PE ratio of 14.33, a PEG ratio of 3.87 and a beta of 1.04.
Kroger (NYSE:KR) last issued its earnings results on Thursday, March 8th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $31.03 billion for the quarter, compared to the consensus estimate of $30.81 billion. Kroger had a return on equity of 29.27% and a net margin of 1.55%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. sell-side analysts predict that Kroger Co will post 2.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, February 14th. Kroger’s payout ratio is 29.76%.
In other news, VP Todd A. Foley sold 3,800 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $24.43, for a total transaction of $92,834.00. Following the transaction, the vice president now owns 31,273 shares of the company’s stock, valued at approximately $763,999.39. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Michael Joseph Donnelly sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $30.64, for a total value of $1,225,600.00. Following the transaction, the vice president now directly owns 319,124 shares in the company, valued at approximately $9,777,959.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,130 shares of company stock worth $3,187,062. Corporate insiders own 0.85% of the company’s stock.
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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