Prudential PLC grew its holdings in Kroger Co (NYSE:KR) by 41.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 853,052 shares of the company’s stock after buying an additional 251,066 shares during the quarter. Prudential PLC’s holdings in Kroger were worth $18,763,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in KR. Victory Capital Management Inc. increased its stake in shares of Kroger by 30.2% in the second quarter. Victory Capital Management Inc. now owns 10,689,834 shares of the company’s stock valued at $232,077,000 after buying an additional 2,477,585 shares in the last quarter. Nuveen Asset Management LLC increased its position in Kroger by 170.2% in the second quarter. Nuveen Asset Management LLC now owns 3,450,595 shares of the company’s stock worth $74,912,000 after purchasing an additional 2,173,370 shares during the period. Nordea Investment Management AB increased its position in Kroger by 87.5% in the first quarter. Nordea Investment Management AB now owns 3,514,384 shares of the company’s stock worth $86,454,000 after purchasing an additional 1,639,961 shares during the period. Renaissance Technologies LLC acquired a new stake in Kroger in the second quarter worth about $35,064,000. Finally, Coho Partners Ltd. increased its position in Kroger by 31.1% in the second quarter. Coho Partners Ltd. now owns 6,451,743 shares of the company’s stock worth $140,067,000 after purchasing an additional 1,530,258 shares during the period. Institutional investors own 80.51% of the company’s stock.
In other news, COO Michael Joseph Donnelly sold 1,574 shares of Kroger stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $26.46, for a total transaction of $41,648.04. Following the transaction, the chief operating officer now owns 324,209 shares in the company, valued at approximately $8,578,570.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carin L. Fike sold 4,652 shares of Kroger stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $26.00, for a total value of $120,952.00. Following the transaction, the vice president now owns 33,796 shares in the company, valued at approximately $878,696. The disclosure for this sale can be found here. Insiders have sold a total of 162,523 shares of company stock worth $4,061,639 in the last quarter. 1.34% of the stock is currently owned by company insiders.
KR traded up $0.02 during midday trading on Monday, reaching $25.76. 1,759,091 shares of the company were exchanged, compared to its average volume of 9,674,497. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.27 and a current ratio of 0.76. Kroger Co has a one year low of $20.70 and a one year high of $31.98. The stock has a market capitalization of $20.77 billion, a P/E ratio of 12.21, a PEG ratio of 1.86 and a beta of 0.56. The stock’s 50-day simple moving average is $24.29 and its 200 day simple moving average is $23.82.
Kroger (NYSE:KR) last issued its earnings results on Thursday, September 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Kroger had a return on equity of 21.17% and a net margin of 1.36%. The firm had revenue of $28.17 billion for the quarter, compared to analysts’ expectations of $28.34 billion. During the same quarter last year, the business earned $0.41 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. On average, research analysts anticipate that Kroger Co will post 2.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 30.33%.
A number of analysts recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 price objective (down from $29.00) on shares of Kroger in a research report on Friday, June 21st. BMO Capital Markets reiterated a “market perform” rating and issued a $26.00 price objective (up from $24.00) on shares of Kroger in a research report on Wednesday, September 4th. Bank of America set a $28.00 price objective on Kroger and gave the stock a “buy” rating in a research report on Friday, September 13th. Oppenheimer set a $28.00 price objective on Kroger and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Citigroup lowered their price objective on Kroger from $30.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. Kroger presently has a consensus rating of “Hold” and an average target price of $27.68.
Kroger Company Profile
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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