Gateway Investment Advisers LLC lessened its stake in Kroger Co (NYSE:KR) by 19.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,654 shares of the company’s stock after selling 25,280 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Kroger were worth $2,750,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. TRUE Private Wealth Advisors acquired a new position in Kroger during the second quarter valued at approximately $26,000. Sageworth Trust Co acquired a new position in Kroger during the second quarter valued at approximately $33,000. Capital Investment Advisory Services LLC lifted its position in Kroger by 57.2% during the second quarter. Capital Investment Advisory Services LLC now owns 1,787 shares of the company’s stock valued at $37,000 after buying an additional 650 shares in the last quarter. Enterprise Financial Services Corp lifted its position in Kroger by 151.6% during the second quarter. Enterprise Financial Services Corp now owns 1,935 shares of the company’s stock valued at $41,000 after buying an additional 1,166 shares in the last quarter. Finally, Citizens Financial Group Inc RI raised its stake in shares of Kroger by 141.8% during the second quarter. Citizens Financial Group Inc RI now owns 1,910 shares of the company’s stock valued at $41,000 after purchasing an additional 1,120 shares during the period. Hedge funds and other institutional investors own 80.35% of the company’s stock.
NYSE KR traded up $0.16 on Friday, reaching $27.02. The company’s stock had a trading volume of 6,533,301 shares, compared to its average volume of 8,694,465. The firm’s 50 day moving average is $25.12 and its two-hundred day moving average is $23.89. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.27 and a current ratio of 0.76. The stock has a market cap of $22.31 billion, a PE ratio of 12.81, a PEG ratio of 2.00 and a beta of 0.56. Kroger Co has a twelve month low of $20.70 and a twelve month high of $31.98.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, September 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $28.17 billion for the quarter, compared to the consensus estimate of $28.34 billion. Kroger had a return on equity of 21.17% and a net margin of 1.36%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. Equities research analysts anticipate that Kroger Co will post 2.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a $0.16 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.37%. Kroger’s dividend payout ratio is 30.33%.
In other Kroger news, VP Carin L. Fike sold 4,652 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $26.00, for a total transaction of $120,952.00. Following the completion of the sale, the vice president now owns 33,796 shares of the company’s stock, valued at $878,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J Michael Schlotman sold 68,187 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $26.02, for a total value of $1,774,225.74. Following the sale, the executive vice president now directly owns 295,160 shares of the company’s stock, valued at approximately $7,680,063.20. The disclosure for this sale can be found here. In the last three months, insiders sold 134,323 shares of company stock valued at $3,537,389. 1.34% of the stock is currently owned by company insiders.
A number of research firms have recently issued reports on KR. Pivotal Research reiterated a “buy” rating and set a $30.00 price objective (up previously from $26.00) on shares of Kroger in a research note on Wednesday, September 11th. Bank of America set a $28.00 price objective on shares of Kroger and gave the company a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. lifted their price objective on shares of Kroger from $24.00 to $27.00 in a research note on Thursday, October 24th. Guggenheim set a $26.00 price objective on shares of Kroger and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $26.00 price target (up previously from $24.00) on shares of Kroger in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Kroger presently has a consensus rating of “Hold” and an average target price of $27.37.
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.
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.