Strs Ohio lessened its position in Kroger Co (NYSE:KR) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,175,181 shares of the company’s stock after selling 65,632 shares during the quarter. Strs Ohio’s holdings in Kroger were worth $25,513,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in Kroger by 1.8% during the 1st quarter. LSV Asset Management now owns 20,412,468 shares of the company’s stock valued at $502,146,000 after buying an additional 361,800 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Kroger by 13.5% during the 1st quarter. Janus Henderson Group PLC now owns 13,586,811 shares of the company’s stock valued at $334,238,000 after buying an additional 1,620,668 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Kroger by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 12,008,444 shares of the company’s stock valued at $329,733,000 after buying an additional 874,376 shares in the last quarter. Northern Trust Corp lifted its holdings in Kroger by 1.2% during the 1st quarter. Northern Trust Corp now owns 10,600,232 shares of the company’s stock valued at $260,766,000 after buying an additional 124,275 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Kroger by 28.1% during the 1st quarter. Victory Capital Management Inc. now owns 8,212,249 shares of the company’s stock valued at $202,022,000 after buying an additional 1,800,051 shares in the last quarter. Hedge funds and other institutional investors own 80.19% of the company’s stock.
A number of equities research analysts recently weighed in on KR shares. Bank of America cut their target price on shares of Kroger from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Guggenheim cut their target price on shares of Kroger from $31.00 to $26.00 in a research report on Monday, June 24th. ValuEngine downgraded shares of Kroger from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 27th. BMO Capital Markets cut their target price on shares of Kroger to $24.00 and set a “market perform” rating on the stock in a research report on Tuesday, June 18th. Finally, Zacks Investment Research raised shares of Kroger from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a research report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Kroger currently has a consensus rating of “Hold” and a consensus price target of $28.61.
In other Kroger news, Director Susan J. Kropf sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $21.64, for a total transaction of $281,320.00. Following the sale, the director now owns 101,171 shares of the company’s stock, valued at approximately $2,189,340.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen M. Mckinney sold 15,600 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $22.05, for a total transaction of $343,980.00. Following the sale, the insider now directly owns 168,070 shares in the company, valued at approximately $3,705,943.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,600 shares of company stock worth $955,450. Insiders own 1.34% of the company’s stock.
Shares of Kroger stock traded up $0.54 on Wednesday, reaching $22.82. The stock had a trading volume of 6,663,929 shares, compared to its average volume of 8,853,435. The firm’s 50 day moving average price is $21.82. The company has a quick ratio of 0.25, a current ratio of 0.75 and a debt-to-equity ratio of 2.16. Kroger Co has a 1 year low of $20.70 and a 1 year high of $32.74. The stock has a market cap of $17.77 billion, a PE ratio of 10.81, a P/E/G ratio of 1.57 and a beta of 0.62.
Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, June 20th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Kroger had a net margin of 1.54% and a return on equity of 21.79%. The firm had revenue of $37.25 billion for the quarter, compared to the consensus estimate of $37.27 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Kroger Co will post 2.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th will be given a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.81%. This is an increase from Kroger’s previous quarterly dividend of $0.14. Kroger’s payout ratio is presently 26.54%.
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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