Calamos Advisors LLC increased its stake in shares of Kroger Co. (NYSE:KR) by 0.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 135,129 shares of the company’s stock after buying an additional 50 shares during the period. Calamos Advisors LLC’s holdings in Kroger were worth $4,971,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in KR. North Star Investment Management Corp. boosted its stake in shares of Kroger by 0.3% in the second quarter. North Star Investment Management Corp. now owns 10,988 shares of the company’s stock valued at $404,000 after buying an additional 29 shares during the period. Integrated Investment Consultants LLC boosted its stake in shares of Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock valued at $137,000 after buying an additional 100 shares during the period. Capital Investment Advisors LLC boosted its stake in shares of Kroger by 1.2% in the second quarter. Capital Investment Advisors LLC now owns 8,305 shares of the company’s stock valued at $306,000 after buying an additional 100 shares during the period. Bessemer Group Inc. boosted its stake in shares of Kroger by 2.0% in the first quarter. Bessemer Group Inc. now owns 5,544 shares of the company’s stock valued at $212,000 after buying an additional 110 shares during the period. Finally, Hengehold Capital Management LLC boosted its stake in shares of Kroger by 1.0% in the second quarter. Hengehold Capital Management LLC now owns 15,898 shares of the company’s stock valued at $585,000 after buying an additional 153 shares during the period. 80.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kroger Co. (NYSE:KR) traded up 0.61% on Friday, hitting $29.68. The stock had a trading volume of 26,199,603 shares. Kroger Co. has a one year low of $29.49 and a one year high of $42.75. The stock has a market cap of $28.02 billion, a PE ratio of 14.07 and a beta of 0.72. The company’s 50 day moving average is $31.53 and its 200 day moving average is $34.92.
Kroger (NYSE:KR) last posted its quarterly earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm earned $26.60 billion during the quarter. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. Equities research analysts predict that Kroger Co. will post $2.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.62%. Kroger’s dividend payout ratio is currently 22.86%.
Several analysts have issued reports on the company. BMO Capital Markets set a $35.00 target price on Kroger and gave the company a “hold” rating in a research report on Sunday, September 11th. Telsey Advisory Group dropped their target price on Kroger from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, September 12th. Vetr raised Kroger from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 19th. Citigroup Inc. reissued a “buy” rating and issued a $44.00 price objective on shares of Kroger in a research report on Monday, June 20th. Finally, Zacks Investment Research raised Kroger from a “sell” rating to a “hold” rating in a research report on Monday, June 20th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $39.12.
In related news, VP Oflen Mary Elizabeth Van sold 12,000 shares of the stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $37.85, for a total transaction of $454,200.00. Following the completion of the transaction, the vice president now directly owns 82,349 shares of the company’s stock, valued at $3,116,909.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin M. Dougherty sold 31,000 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $31.05, for a total transaction of $962,550.00. Following the transaction, the insider now directly owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.
Kroger Company Profile
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.
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