Citizens Financial Group Inc RI grew its stake in Kroger Co (NYSE:KR) by 21.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,323 shares of the company’s stock after buying an additional 413 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Kroger were worth $60,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in KR. TRUE Private Wealth Advisors acquired a new position in shares of Kroger during the 2nd quarter worth about $26,000. Sageworth Trust Co acquired a new position in shares of Kroger during the 2nd quarter worth about $33,000. Capital Investment Advisory Services LLC lifted its position in shares of Kroger by 57.2% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 1,787 shares of the company’s stock worth $37,000 after purchasing an additional 650 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Kroger during the 3rd quarter worth about $40,000. Finally, Enterprise Financial Services Corp lifted its position in shares of Kroger by 151.6% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,935 shares of the company’s stock worth $41,000 after purchasing an additional 1,166 shares during the last quarter. 80.35% of the stock is owned by institutional investors.
In other Kroger news, SVP Mary Ellen Adcock sold 15,400 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $28.00, for a total value of $431,200.00. Following the completion of the transaction, the senior vice president now owns 121,085 shares of the company’s stock, valued at approximately $3,390,380. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Carin L. Fike sold 4,652 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $26.00, for a total value of $120,952.00. Following the completion of the sale, the vice president now owns 33,796 shares in the company, valued at $878,696. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,323 shares of company stock valued at $3,537,389. Insiders own 1.34% of the company’s stock.
KR has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Kroger from $24.00 to $27.00 in a research report on Thursday, October 24th. UBS Group boosted their price objective on Kroger from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Jefferies Financial Group cut Kroger from a “buy” rating to a “hold” rating and cut their price objective for the stock from $29.00 to $26.00 in a research report on Thursday, October 10th. Pivotal Research reissued a “buy” rating and set a $30.00 price objective (up previously from $26.00) on shares of Kroger in a research report on Wednesday, September 11th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $26.00 price objective (up previously from $24.00) on shares of Kroger in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. Kroger presently has a consensus rating of “Hold” and a consensus target price of $27.37.
Kroger stock opened at $27.00 on Thursday. The business has a 50 day moving average price of $25.06 and a two-hundred day moving average price of $23.88. The company has a quick ratio of 0.27, a current ratio of 0.76 and a debt-to-equity ratio of 2.15. The stock has a market cap of $20.03 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.80 and a beta of 0.56. Kroger Co has a 12 month low of $20.70 and a 12 month high of $31.98.
Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $28.17 billion during the quarter, compared to analysts’ expectations of $28.34 billion. Kroger had a return on equity of 21.17% and a net margin of 1.36%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, analysts expect that Kroger Co will post 2.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.64 annualized dividend and a yield of 2.37%. Kroger’s dividend payout ratio (DPR) is 30.33%.
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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