Harvey Investment Co. LLC continued to hold its stake in Kroger Co. (NYSE:KR) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,600 shares of the company’s stock at the end of the second quarter. Harvey Investment Co. LLC’s holdings in Kroger were worth $942,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Euclid Advisors LLC raised its position in shares of Kroger by 40.3% in the first quarter. Euclid Advisors LLC now owns 739,729 shares of the company’s stock valued at $28,295,000 after buying an additional 212,459 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Kroger by 8.7% in the first quarter. Wellington Management Group LLP now owns 1,559,304 shares of the company’s stock valued at $59,643,000 after buying an additional 124,390 shares during the last quarter. CrestPoint Capital Management LLC raised its position in shares of Kroger by 4.6% in the second quarter. CrestPoint Capital Management LLC now owns 25,100 shares of the company’s stock valued at $923,000 after buying an additional 1,100 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of Kroger by 0.4% in the first quarter. Pictet Asset Management Ltd. now owns 540,392 shares of the company’s stock valued at $21,567,000 after buying an additional 2,100 shares during the last quarter. Finally, Eachwin Capital LP acquired a new position in shares of Kroger during the first quarter valued at $3,479,000. Institutional investors and hedge funds own 80.17% of the company’s stock.
Shares of Kroger Co. (NYSE:KR) traded up 1.924% during midday trading on Thursday, reaching $29.395. 13,397,035 shares of the company were exchanged. The company’s 50-day moving average price is $31.23 and its 200 day moving average price is $34.69. Kroger Co. has a 52-week low of $28.71 and a 52-week high of $42.75. The stock has a market capitalization of $27.75 billion, a price-to-earnings ratio of 13.938 and a beta of 0.70.
Kroger (NYSE:KR) last issued its earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $26.60 billion for the quarter. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. On average, equities analysts predict that Kroger Co. will post $2.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a $0.12 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.66%. Kroger’s dividend payout ratio (DPR) is presently 22.86%.
A number of research analysts have commented on KR shares. BMO Capital Markets set a $35.00 price target on Kroger and gave the stock a “hold” rating in a research note on Sunday, September 11th. Jefferies Group set a $32.00 price target on Kroger and gave the stock a “hold” rating in a research note on Saturday, October 1st. Telsey Advisory Group decreased their price target on Kroger from $46.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, September 12th. Vetr upgraded Kroger from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 19th. Finally, Citigroup Inc. restated a “buy” rating and set a $44.00 price target on shares of Kroger in a research note on Monday, June 20th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. The stock currently 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 the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the sale, the insider now owns 130,857 shares of the company’s stock, valued at approximately $4,063,109.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Oflen Mary Elizabeth Van sold 12,000 shares of the business’s 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 sale, the vice president now directly owns 82,349 shares of the company’s stock, valued at approximately $3,116,909.65. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.
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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