Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Kroger Co (NYSE:KR) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 638,860 shares of the company’s stock after buying an additional 49,660 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.07% of Kroger worth $12,869,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Clear Perspective Advisors LLC purchased a new position in Kroger in the 3rd quarter worth $160,000. Private Advisor Group LLC raised its position in Kroger by 24.0% in the 3rd quarter. Private Advisor Group LLC now owns 38,517 shares of the company’s stock worth $781,000 after purchasing an additional 7,467 shares during the period. BB&T Investment Services Inc. raised its position in Kroger by 110.1% in the 3rd quarter. BB&T Investment Services Inc. now owns 60,917 shares of the company’s stock worth $1,215,000 after purchasing an additional 31,927 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new position in Kroger in the 3rd quarter worth $6,594,000. Finally, Mackenzie Financial Corp raised its position in Kroger by 28.8% in the 3rd quarter. Mackenzie Financial Corp now owns 633,426 shares of the company’s stock worth $12,707,000 after purchasing an additional 141,649 shares during the period. Hedge funds and other institutional investors own 79.10% of the company’s stock.
In related news, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now owns 25,956 shares of the company’s stock, valued at $664,733.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jorge P. Montoya sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.98, for a total transaction of $269,800.00. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.
Kroger (NYSE:KR) last announced its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. sell-side analysts expect that Kroger Co will post 2.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Tuesday, November 14th. Kroger’s payout ratio is 29.76%.
A number of equities research analysts have issued reports on KR shares. BidaskClub raised shares of Kroger from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Oppenheimer reissued a “buy” rating and issued a $28.00 price target on shares of Kroger in a report on Tuesday, September 5th. Deutsche Bank reissued a “buy” rating and issued a $26.00 price target on shares of Kroger in a report on Tuesday, September 5th. Royal Bank Of Canada set a $34.00 price target on shares of Kroger and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, Hilliard Lyons reissued a “buy” rating and issued a $30.00 price target on shares of Kroger in a report on Tuesday, September 12th. Eighteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.16.
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Kroger Company Profile
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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