Nisa Investment Advisors LLC Boosts Position in Kroger Co (KR)

Nisa Investment Advisors LLC boosted its stake in Kroger Co (NYSE:KR) by 12.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 262,078 shares of the company’s stock after purchasing an additional 29,975 shares during the period. Nisa Investment Advisors LLC’s holdings in Kroger were worth $7,194,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Howe & Rusling Inc. acquired a new position in shares of Kroger in the third quarter worth $103,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Kroger in the second quarter worth $128,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Kroger by 85.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after acquiring an additional 2,708 shares in the last quarter. Archford Capital Strategies LLC grew its stake in shares of Kroger by 38,135.3% in the second quarter. Archford Capital Strategies LLC now owns 13,000 shares of the company’s stock worth $139,000 after acquiring an additional 12,966 shares in the last quarter. Finally, Balentine LLC grew its stake in shares of Kroger by 1,263.2% in the second quarter. Balentine LLC now owns 6,380 shares of the company’s stock worth $149,000 after acquiring an additional 5,912 shares in the last quarter. Hedge funds and other institutional investors own 79.59% of the company’s stock.

In related news, VP Michael Joseph Donnelly sold 15,400 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $27.66, for a total value of $425,964.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the sale, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,868 shares of company stock valued at $1,607,426. 0.87% of the stock is owned by corporate insiders.

Several equities analysts have commented on KR shares. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Goldman Sachs Group restated a “neutral” rating and issued a $22.00 price target on shares of Kroger in a research note on Tuesday, November 14th. Wells Fargo & Co restated an “outperform” rating and issued a $26.00 price target on shares of Kroger in a research note on Friday, November 3rd. Citigroup boosted their price target on shares of Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Finally, Northcoast Research upgraded shares of Kroger from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Seventeen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Kroger currently has a consensus rating of “Hold” and an average price target of $29.80.

Kroger Co (NYSE:KR) opened at $28.14 on Tuesday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. The company has a market cap of $24,800.00, a price-to-earnings ratio of 16.75, a P/E/G ratio of 3.70 and a beta of 0.93. Kroger Co has a 12 month low of $19.69 and a 12 month high of $34.99.

Kroger (NYSE:KR) last issued its earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. analysts expect that Kroger Co will post 2.04 EPS for the current year.

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About Kroger

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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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