Guggenheim Capital LLC reduced its position in Kroger Co (NYSE:KR) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,605,386 shares of the company’s stock after selling 203,837 shares during the quarter. Guggenheim Capital LLC’s holdings in Kroger were worth $71,517,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC grew its stake in shares of Kroger by 297.2% during the 4th quarter. Advisory Services Network LLC now owns 3,773 shares of the company’s stock worth $104,000 after purchasing an additional 2,823 shares during the period. Bessemer Group Inc. grew its stake in shares of Kroger by 97.2% during the 4th quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock worth $136,000 after purchasing an additional 2,455 shares during the period. Gradient Investments LLC acquired a new position in shares of Kroger during the 4th quarter worth $152,000. Clear Perspective Advisors LLC acquired a new position in shares of Kroger during the 3rd quarter worth $160,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Kroger during the 4th quarter worth $162,000. 75.78% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on KR. Sanford C. Bernstein began coverage on shares of Kroger in a research note on Friday. They set a “market perform” rating and a $27.00 price target on the stock. Pivotal Research reaffirmed a “buy” rating and set a $28.00 price target (down from $32.00) on shares of Kroger in a research note on Tuesday, March 6th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $22.00 price target on shares of Kroger in a research note on Tuesday, November 14th. BMO Capital Markets set a $29.00 price target on shares of Kroger and gave the stock a “hold” rating in a research note on Friday, December 1st. Finally, Moffett Nathanson began coverage on shares of Kroger in a research note on Monday, December 4th. They set a “buy” rating on the stock. Sixteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.52.
Kroger Co (NYSE KR) opened at $24.08 on Monday. The stock has a market cap of $21,223.19, a PE ratio of 11.80, a price-to-earnings-growth ratio of 3.90 and a beta of 1.02. The company has a quick ratio of 0.32, a current ratio of 0.78 and a debt-to-equity ratio of 1.74. Kroger Co has a 1-year low of $19.69 and a 1-year high of $31.45.
Kroger (NYSE:KR) last released its earnings results on Thursday, March 8th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.63. The company had revenue of $31.03 billion for the quarter, compared to analyst estimates of $30.81 billion. Kroger had a net margin of 1.55% and a return on equity of 29.27%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. equities research analysts predict that Kroger Co will post 2.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.08%. Kroger’s dividend payout ratio (DPR) is 23.70%.
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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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