Trustmark National Bank Trust Department raised its position in shares of Kroger Co (NYSE:KR) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,528 shares of the company’s stock after purchasing an additional 2,588 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Kroger were worth $773,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. Savant Capital LLC lifted its holdings in shares of Kroger by 0.9% in the second quarter. Savant Capital LLC now owns 10,617 shares of the company’s stock worth $248,000 after buying an additional 90 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings in shares of Kroger by 1.4% in the second quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock worth $265,000 after buying an additional 154 shares in the last quarter. Pettyjohn Wood & White Inc. lifted its holdings in shares of Kroger by 0.4% in the second quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock worth $1,217,000 after buying an additional 191 shares in the last quarter. Citizens Financial Group Inc RI lifted its holdings in shares of Kroger by 4.3% in the second quarter. Citizens Financial Group Inc RI now owns 6,165 shares of the company’s stock worth $144,000 after buying an additional 255 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its holdings in shares of Kroger by 0.8% in the second quarter. Calamos Wealth Management LLC now owns 35,067 shares of the company’s stock worth $818,000 after buying an additional 275 shares in the last quarter. 75.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kroger Co (KR) opened at $22.98 on Friday. The stock has a market cap of $20,441.21, a price-to-earnings ratio of 12.03, a P/E/G ratio of 2.88 and a beta of 0.82. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.33 and a current ratio of 0.87. Kroger Co has a 12 month low of $19.69 and a 12 month high of $36.44.
Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. Kroger had a net margin of 1.32% and a return on equity of 28.04%. The company had revenue of $27.60 billion for the quarter, compared to the consensus estimate of $27.48 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Kroger’s revenue was up 3.9% on a year-over-year basis. equities analysts forecast that Kroger Co will post 1.99 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger’s dividend payout ratio (DPR) is 30.30%.
Several equities analysts have recently commented on the stock. Jefferies Group LLC lowered their target price on shares of Kroger from $24.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, September 11th. BidaskClub raised shares of Kroger from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Vetr raised shares of Kroger from a “buy” rating to a “strong-buy” rating and set a $27.01 target price on the stock in a report on Wednesday, August 9th. UBS AG downgraded shares of Kroger from an “outperform” rating to a “market perform” rating in a report on Friday, September 8th. Finally, Hilliard Lyons reissued a “buy” rating and issued a $30.00 target price on shares of Kroger in a report on Tuesday, September 12th. Nineteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Kroger has a consensus rating of “Hold” and a consensus target price of $29.10.
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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