Louisiana State Employees Retirement System trimmed its position in Kroger Co (NYSE:KR) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,900 shares of the company’s stock after selling 4,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Kroger were worth $1,152,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KR. Lee Financial Co acquired a new stake in Kroger during the 3rd quarter valued at $101,000. Central Bank & Trust Co. raised its stake in Kroger by 290.6% during the 3rd quarter. Central Bank & Trust Co. now owns 4,234 shares of the company’s stock valued at $123,000 after purchasing an additional 3,150 shares during the period. Zions Bancorporation acquired a new stake in Kroger during the 3rd quarter valued at $128,000. First Mercantile Trust Co. raised its stake in Kroger by 50.6% during the 3rd quarter. First Mercantile Trust Co. now owns 4,925 shares of the company’s stock valued at $143,000 after purchasing an additional 1,655 shares during the period. Finally, First Hawaiian Bank acquired a new stake in Kroger during the 3rd quarter valued at $148,000. Hedge funds and other institutional investors own 81.46% of the company’s stock.
Shares of NYSE KR traded down $0.28 during mid-day trading on Monday, reaching $27.55. The company had a trading volume of 5,061,900 shares, compared to its average volume of 5,940,189. Kroger Co has a twelve month low of $22.85 and a twelve month high of $32.74. The company has a current ratio of 0.73, a quick ratio of 0.25 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $22.20 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 1.82 and a beta of 0.73.
Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, December 6th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. The business had revenue of $27.67 billion for the quarter, compared to the consensus estimate of $27.64 billion. Kroger had a net margin of 2.99% and a return on equity of 26.64%. Kroger’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. As a group, analysts predict that Kroger Co will post 2.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, February 14th. Kroger’s payout ratio is 27.45%.
In other Kroger news, Director Robert D. Beyer sold 50,000 shares of the stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $27.39, for a total transaction of $1,369,500.00. Following the transaction, the director now directly owns 230,722 shares of the company’s stock, valued at $6,319,475.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert D. Beyer sold 5,760 shares of the stock in a transaction on Friday, December 7th. The stock was sold at an average price of $29.60, for a total transaction of $170,496.00. Following the transaction, the director now directly owns 262,560 shares in the company, valued at $7,771,776. The disclosure for this sale can be found here. Insiders have sold 162,848 shares of company stock worth $4,605,898 over the last three months. Company insiders own 1.07% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Tuesday, February 5th. Buckingham Research assumed coverage on shares of Kroger in a research note on Thursday. They set an “underperform” rating and a $28.18 target price on the stock. Pivotal Research reissued a “hold” rating and set a $31.00 target price on shares of Kroger in a research note on Tuesday, December 4th. Telsey Advisory Group boosted their target price on shares of Kroger from $29.00 to $31.00 and gave the company a “market perform” rating in a research note on Wednesday, October 31st. Finally, Stephens set a $30.00 target price on shares of Kroger and gave the company a “hold” rating in a research note on Friday, December 7th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $31.27.
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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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