Sentinel Trust Co. LBA reduced its holdings in Kroger Co (NYSE:KR) by 49.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,145 shares of the company’s stock after selling 93,225 shares during the period. Sentinel Trust Co. LBA’s holdings in Kroger were worth $2,763,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Madison Investment Holdings Inc. boosted its holdings in shares of Kroger by 6.3% in the 2nd quarter. Madison Investment Holdings Inc. now owns 29,726 shares of the company’s stock valued at $846,000 after acquiring an additional 1,758 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Kroger by 4.6% during the second quarter. Pinnacle Associates Ltd. now owns 40,952 shares of the company’s stock worth $1,165,000 after buying an additional 1,800 shares in the last quarter. TIAA FSB boosted its holdings in Kroger by 9.7% during the second quarter. TIAA FSB now owns 20,549 shares of the company’s stock worth $585,000 after buying an additional 1,812 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Kroger by 2.0% during the second quarter. CIBC Asset Management Inc now owns 94,607 shares of the company’s stock worth $2,692,000 after buying an additional 1,837 shares in the last quarter. Finally, First Fiduciary Investment Counsel Inc. boosted its holdings in Kroger by 0.4% during the second quarter. First Fiduciary Investment Counsel Inc. now owns 448,830 shares of the company’s stock worth $12,769,000 after buying an additional 1,920 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the stock. Pivotal Research downgraded shares of Kroger from a “buy” rating to a “hold” rating and increased their price target for the stock from $30.00 to $31.00 in a report on Monday, June 25th. Morgan Stanley increased their price target on shares of Kroger from $26.50 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, June 22nd. Wells Fargo & Co increased their price target on shares of Kroger from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, September 10th. Northcoast Research reissued a “buy” rating and set a $36.00 price target on shares of Kroger in a report on Monday, July 23rd. Finally, Telsey Advisory Group reissued a “market perform” rating on shares of Kroger in a report on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company. Kroger has a consensus rating of “Hold” and an average target price of $30.20.
NYSE:KR opened at $27.80 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.76 and a debt-to-equity ratio of 1.74. The firm has a market cap of $25.28 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 2.23 and a beta of 0.94. Kroger Co has a fifty-two week low of $19.69 and a fifty-two week high of $32.74.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, September 13th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The company had revenue of $27.87 billion during the quarter, compared to analysts’ expectations of $27.95 billion. Kroger had a net margin of 2.93% and a return on equity of 29.59%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. equities research analysts predict that Kroger Co will post 2.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Friday, September 28th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Thursday, September 27th. This is a boost from Kroger’s previous quarterly dividend of $0.14. This represents a $1.82 dividend on an annualized basis and a yield of 6.55%. Kroger’s dividend payout ratio is currently 27.45%.
In other news, VP Carin L. Fike sold 4,000 shares of the stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $28.76, for a total value of $115,040.00. Following the completion of the sale, the vice president now directly owns 29,361 shares in the company, valued at $844,422.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan J. Kropf sold 13,000 shares of the stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $28.43, for a total transaction of $369,590.00. Following the completion of the sale, the director now owns 101,171 shares of the company’s stock, valued at $2,876,291.53. The disclosure for this sale can be found here. Corporate insiders own 1.07% of the company’s stock.
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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