IFM Investors Pty Ltd Raises Stake in Kroger Co (NYSE:KR)

IFM Investors Pty Ltd raised its position in shares of Kroger Co (NYSE:KR) by 55.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,169 shares of the company’s stock after purchasing an additional 32,704 shares during the quarter. IFM Investors Pty Ltd’s holdings in Kroger were worth $2,376,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Sigma Planning Corp raised its position in shares of Kroger by 1.6% during the third quarter. Sigma Planning Corp now owns 40,483 shares of the company’s stock valued at $1,044,000 after buying an additional 641 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Kroger by 5.8% during the third quarter. Russell Investments Group Ltd. now owns 1,875,821 shares of the company’s stock valued at $48,334,000 after buying an additional 102,472 shares during the last quarter. Capital Investment Counsel Inc raised its position in shares of Kroger by 9.9% during the third quarter. Capital Investment Counsel Inc now owns 33,525 shares of the company’s stock valued at $864,000 after buying an additional 3,025 shares during the last quarter. Sciencast Management LP raised its position in shares of Kroger by 15.5% during the third quarter. Sciencast Management LP now owns 40,200 shares of the company’s stock valued at $975,000 after buying an additional 5,385 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Kroger by 21.6% during the third quarter. California Public Employees Retirement System now owns 2,066,142 shares of the company’s stock valued at $53,265,000 after buying an additional 367,392 shares during the last quarter. 80.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of KR opened at $26.86 on Friday. The company’s fifty day moving average is $25.10 and its 200 day moving average is $23.89. Kroger Co has a fifty-two week low of $20.70 and a fifty-two week high of $31.98. The stock has a market capitalization of $20.03 billion, a PE ratio of 12.73, a P/E/G ratio of 1.80 and a beta of 0.56. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.27 and a current ratio of 0.76.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The company had revenue of $28.17 billion for the quarter, compared to analysts’ expectations of $28.34 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. Kroger’s quarterly revenue was up .5% on a year-over-year basis. As a group, research analysts forecast that Kroger Co will post 2.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, November 14th. Kroger’s dividend payout ratio is presently 30.33%.

KR has been the topic of several recent analyst reports. Telsey Advisory Group lifted their price objective on shares of Kroger from $27.00 to $29.00 and gave the company a “market perform” rating in a research report on Wednesday. Bank of America set a $28.00 price objective on shares of Kroger and gave the company a “buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. lifted their price objective on shares of Kroger from $24.00 to $27.00 in a research report on Thursday, October 24th. Morgan Stanley set a $26.00 price objective on shares of Kroger and gave the company a “hold” rating in a research report on Friday, September 13th. Finally, BMO Capital Markets reiterated 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Kroger presently has a consensus rating of “Hold” and an average target price of $27.37.

In related news, COO Michael Joseph Donnelly sold 1,574 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $26.46, for a total value of $41,648.04. Following the sale, the chief operating officer now owns 324,209 shares in the company, valued at $8,578,570.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carin L. Fike sold 4,652 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $26.00, for a total transaction of $120,952.00. Following the completion of the sale, the vice president now owns 33,796 shares in the company, valued at approximately $878,696. The disclosure for this sale can be found here. Insiders sold 134,323 shares of company stock worth $3,537,389 in the last 90 days. 1.34% of the stock is currently owned by company insiders.

Kroger Profile

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.

See Also: How to Invest in Stocks with Increasing Dividends

Institutional Ownership by Quarter for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.