Forsta AP Fonden Reduces Position in The Kroger Co. (NYSE:KR)

Forsta AP Fonden decreased its stake in shares of The Kroger Co. (NYSE:KRGet Rating) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,500 shares of the company’s stock after selling 32,300 shares during the quarter. Forsta AP Fonden’s holdings in Kroger were worth $12,306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors lifted its holdings in Kroger by 24.8% during the 4th quarter. Capital World Investors now owns 15,666,470 shares of the company’s stock valued at $709,064,000 after buying an additional 3,112,175 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Kroger by 0.5% in the 4th quarter. Parametric Portfolio Associates LLC now owns 6,564,640 shares of the company’s stock valued at $297,116,000 after purchasing an additional 33,929 shares in the last quarter. Norges Bank bought a new stake in shares of Kroger in the 4th quarter valued at about $236,958,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Kroger by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,318,317 shares of the company’s stock valued at $195,448,000 after purchasing an additional 132,555 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Kroger by 3.7% in the 4th quarter. Schroder Investment Management Group now owns 3,076,987 shares of the company’s stock valued at $139,265,000 after purchasing an additional 108,688 shares in the last quarter. Institutional investors own 81.52% of the company’s stock.

Kroger Stock Performance

KR opened at $47.25 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.76 and a quick ratio of 0.30. The firm has a fifty day moving average price of $48.47 and a 200 day moving average price of $50.99. The Kroger Co. has a 1 year low of $38.22 and a 1 year high of $62.78. The stock has a market cap of $33.81 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.06 and a beta of 0.49.

Kroger (NYSE:KRGet Rating) last posted its quarterly earnings data on Thursday, June 16th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. The company had revenue of $44.60 billion during the quarter, compared to analysts’ expectations of $44.23 billion. Kroger had a net margin of 1.54% and a return on equity of 31.50%. During the same period in the prior year, the business posted $1.19 earnings per share. Equities research analysts anticipate that The Kroger Co. will post 3.92 earnings per share for the current year.

Kroger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, August 12th. This is a boost from Kroger’s previous quarterly dividend of $0.21. This represents a $1.04 dividend on an annualized basis and a yield of 2.20%. Kroger’s dividend payout ratio is currently 28.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Guggenheim restated a “buy” rating and issued a $57.00 price target on shares of Kroger in a report on Friday, June 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kroger from $50.00 to $53.00 in a research report on Friday, June 17th. Bank of America raised shares of Kroger from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $61.00 to $75.00 in a research report on Friday, April 8th. MKM Partners lifted their price objective on shares of Kroger from $48.00 to $55.00 in a research report on Tuesday, June 21st. Finally, BNP Paribas raised shares of Kroger from an “underperform” rating to a “neutral” rating and set a $60.00 price objective on the stock in a research report on Friday, April 22nd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Kroger has a consensus rating of “Hold” and a consensus target price of $52.22.

About Kroger

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The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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