Verition Fund Management LLC cut its position in Kroger Co (NYSE:KR) by 89.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,996 shares of the company’s stock after selling 180,873 shares during the quarter. Verition Fund Management LLC’s holdings in Kroger were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the company. Zeke Capital Advisors LLC raised its position in shares of Kroger by 168.2% during the 4th quarter. Zeke Capital Advisors LLC now owns 42,032 shares of the company’s stock valued at $1,154,000 after buying an additional 26,363 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Kroger by 2.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 240,319 shares of the company’s stock valued at $6,600,000 after buying an additional 5,419 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Kroger by 24.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 4,591,684 shares of the company’s stock valued at $126,042,000 after purchasing an additional 895,946 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Kroger by 6.1% during the 4th quarter. Teachers Advisors LLC now owns 1,336,503 shares of the company’s stock valued at $36,687,000 after purchasing an additional 76,546 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Kroger by 3.4% during the 4th quarter. Raymond James & Associates now owns 851,205 shares of the company’s stock valued at $23,366,000 after purchasing an additional 27,667 shares during the last quarter. Hedge funds and other institutional investors own 75.68% of the company’s stock.
In other news, VP Michael Joseph Donnelly sold 15,400 shares of Kroger stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $27.66, for a total transaction of $425,964.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert W. Clark sold 11,000 shares of Kroger stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $29.57, for a total transaction of $325,270.00. Following the sale, the insider now directly owns 130,780 shares in the company, valued at approximately $3,867,164.60. The disclosure for this sale can be found here. Insiders have sold a total of 93,600 shares of company stock worth $2,740,752 in the last ninety days. Insiders own 0.87% of the company’s stock.
Several research firms recently commented on KR. Sanford C. Bernstein began coverage on shares of Kroger in a report on Friday, March 9th. They set a “market perform” rating and a $27.00 target price on the stock. BMO Capital Markets set a $27.00 target price on shares of Kroger and gave the company a “hold” rating in a report on Monday, March 12th. Zacks Investment Research lowered shares of Kroger from a “buy” rating to a “hold” rating in a report on Tuesday. Pivotal Research reaffirmed a “buy” rating and set a $28.00 target price (down previously from $32.00) on shares of Kroger in a report on Tuesday, March 6th. Finally, Moffett Nathanson began coverage on shares of Kroger in a report on Monday, December 4th. They set a “buy” rating on the stock. Seventeen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Kroger presently has a consensus rating of “Hold” and an average target price of $27.27.
Shares of Kroger stock opened at $23.45 on Thursday. The firm has a market cap of $20,632.68, a PE ratio of 11.11, a PEG ratio of 1.94 and a beta of 1.02. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.32 and a current ratio of 0.78. Kroger Co has a 52 week low of $19.69 and a 52 week high of $31.45.
Kroger (NYSE:KR) last announced its earnings results on Thursday, March 8th. The company reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. The firm had revenue of $31.03 billion for the quarter, compared to analyst estimates of $30.81 billion. Kroger had a net margin of 1.55% and a return on equity of 29.27%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. sell-side analysts forecast that Kroger Co will post 2.06 earnings per share for the current fiscal year.
Kroger declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Monday, May 14th. Kroger’s payout ratio is 23.70%.
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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