Public Employees Retirement Association of Colorado decreased its stake in Kroger Co. (NYSE:KR) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,284 shares of the company’s stock after selling 11,204 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Kroger were worth $7,258,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Physicians Financial Services Inc. increased its stake in shares of Kroger by 7,500.0% in the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock valued at $112,000 after buying an additional 3,000 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Kroger by 32.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,246 shares of the company’s stock valued at $119,000 after buying an additional 800 shares during the last quarter. Integrated Investment Consultants LLC increased 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 last quarter. Barnett & Company Inc. bought a new stake in shares of Kroger during the first quarter valued at approximately $145,000. Finally, Ledyard National Bank increased its stake in shares of Kroger by 16.2% in the second quarter. Ledyard National Bank now owns 4,300 shares of the company’s stock valued at $158,000 after buying an additional 600 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.
Shares of Kroger Co. (NYSE:KR) traded down 1.41% during trading on Monday, reaching $30.83. 10,576,518 shares of the company’s stock traded hands. Kroger Co. has a 52-week low of $28.71 and a 52-week high of $42.75. The company has a market cap of $29.11 billion, a price-to-earnings ratio of 14.62 and a beta of 0.70. The company’s 50-day moving average is $30.70 and its 200 day moving average is $34.25.
Kroger (NYSE:KR) last issued its earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The company had revenue of $26.60 billion for the quarter. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts forecast that Kroger Co. will post $2.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s payout ratio is 22.86%.
Several analysts recently commented on KR shares. Zacks Investment Research raised shares of Kroger from a “sell” rating to a “hold” rating in a report on Monday, June 20th. Citigroup Inc. reaffirmed a “buy” rating and set a $44.00 target price on shares of Kroger in a report on Monday, June 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $39.00 target price on shares of Kroger in a report on Tuesday, June 21st. Hilliard Lyons raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $41.00 target price for the company in a report on Thursday, June 23rd. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $42.00 target price on shares of Kroger in a report on Friday, July 15th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. Kroger currently has a consensus rating of “Hold” and a consensus target price of $38.66.
In related news, insider Kevin M. Dougherty sold 31,000 shares of Kroger stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.85% of the stock is currently owned by corporate 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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