Caisse DE Depot ET Placement DU Quebec Boosts Stake in Kroger Co (KR)

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.

Shares of Kroger Co (NYSE KR) traded up $0.19 on Thursday, hitting $26.41. 8,174,200 shares of the stock were exchanged, compared to its average volume of 12,349,835. The company has a market cap of $23,323.27, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 3.46 and a beta of 0.92. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. Kroger Co has a 52-week low of $19.69 and a 52-week high of $36.44.

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.

ILLEGAL ACTIVITY WARNING: “Caisse DE Depot ET Placement DU Quebec Boosts Stake in Kroger Co (KR)” was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3079983/caisse-de-depot-et-placement-du-quebec-boosts-stake-in-kroger-co-kr.html.

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.

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Co (NYSE:KR).

Institutional Ownership by Quarter for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.