Savant Capital LLC reduced its stake in Kroger Co. (NYSE:KR) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,137 shares of the company’s stock after selling 683 shares during the period. Savant Capital LLC’s holdings in Kroger were worth $410,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. First National Trust Co. boosted its position in shares of Kroger by 15.5% in the second quarter. First National Trust Co. now owns 61,388 shares of the company’s stock valued at $2,259,000 after buying an additional 8,242 shares in the last quarter. ING Groep NV purchased a new position in shares of Kroger during the second quarter valued at approximately $845,000. Chase Investment Counsel Corp boosted its position in shares of Kroger by 0.6% in the second quarter. Chase Investment Counsel Corp now owns 89,300 shares of the company’s stock valued at $3,285,000 after buying an additional 532 shares in the last quarter. First Midwest Bank Trust Division boosted its position in shares of Kroger by 5.9% in the second quarter. First Midwest Bank Trust Division now owns 165,805 shares of the company’s stock valued at $6,099,000 after buying an additional 9,200 shares in the last quarter. Finally, Bartlett & Co. LLC boosted its position in shares of Kroger by 1.2% in the second quarter. Bartlett & Co. LLC now owns 64,357 shares of the company’s stock valued at $2,368,000 after buying an additional 765 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.
Kroger Co. (NYSE:KR) traded down 0.55% during trading on Wednesday, reaching $28.84. 27,597,928 shares of the company’s stock traded hands. Kroger Co. has a one year low of $28.76 and a one year high of $42.75. The company has a 50 day moving average of $31.33 and a 200 day moving average of $34.74. The firm has a market cap of $27.23 billion, a price-to-earnings ratio of 13.67 and a beta of 0.70.
Kroger (NYSE:KR) last released its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The firm earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Equities research analysts predict that Kroger Co. will post $2.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.66%. Kroger’s payout ratio is currently 22.86%.
Several equities analysts recently commented on KR shares. Zacks Investment Research cut shares of Kroger from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $39.00 price target on shares of Kroger in a research note on Monday, June 13th. Wolfe Research cut shares of Kroger from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 15th. Piper Jaffray Cos. reissued an “underweight” rating and issued a $29.00 price target on shares of Kroger in a research note on Friday, June 17th. Finally, Deutsche Bank AG cut their price target on shares of Kroger from $48.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, June 17th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $38.92.
In related news, insider Kevin M. Dougherty sold 31,000 shares of Kroger stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $31.05, for a total value of $962,550.00. Following the completion of the sale, the insider now directly owns 130,857 shares in the company, valued at $4,063,109.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Oflen Mary Elizabeth Van sold 12,000 shares of Kroger stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $37.85, for a total value of $454,200.00. Following the completion of the sale, the vice president now owns 82,349 shares of the company’s stock, valued at $3,116,909.65. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.
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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