The Kroger Co. (NYSE:KR) Position Decreased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC decreased its position in The Kroger Co. (NYSE:KRGet Rating) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,439 shares of the company’s stock after selling 1,329 shares during the period. Kroger comprises 3.7% of Uncommon Cents Investing LLC’s portfolio, making the stock its largest holding. Uncommon Cents Investing LLC’s holdings in Kroger were worth $9,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. People s United Financial Inc. lifted its stake in shares of Kroger by 101.0% in the fourth quarter. People s United Financial Inc. now owns 34,307 shares of the company’s stock valued at $1,553,000 after purchasing an additional 17,235 shares during the period. Hilltop Holdings Inc. acquired a new stake in shares of Kroger in the fourth quarter valued at about $222,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Kroger by 1.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 90,050 shares of the company’s stock valued at $4,076,000 after purchasing an additional 990 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Kroger by 31.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 16,282 shares of the company’s stock valued at $736,000 after purchasing an additional 3,864 shares during the period. Finally, Mutual Advisors LLC lifted its stake in shares of Kroger by 14.7% in the fourth quarter. Mutual Advisors LLC now owns 7,025 shares of the company’s stock valued at $318,000 after purchasing an additional 902 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Kroger Stock Performance

Shares of NYSE:KR traded down $1.00 on Friday, reaching $44.50. 140,487 shares of the company’s stock were exchanged, compared to its average volume of 6,295,270. The firm has a market capitalization of $31.85 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.96 and a beta of 0.47. The Kroger Co. has a fifty-two week low of $38.22 and a fifty-two week high of $62.78. The business’s 50-day moving average is $47.81 and its two-hundred day moving average is $51.38. The company has a quick ratio of 0.28, a current ratio of 0.72 and a debt-to-equity ratio of 1.30.

Kroger (NYSE:KRGet Rating) last issued its earnings results on Friday, September 9th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $34.64 billion for the quarter, compared to analysts’ expectations of $34.44 billion. Kroger had a net margin of 1.70% and a return on equity of 31.72%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. As a group, equities research analysts forecast that The Kroger Co. will post 4.06 EPS for the current year.

Kroger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.34%. Kroger’s dividend payout ratio (DPR) is 31.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of Kroger from $51.00 to $54.00 and gave the stock an “in-line” rating in a research report on Monday, September 12th. Guggenheim restated a “buy” rating and set a $57.00 target price on shares of Kroger in a research report on Friday, June 17th. Credit Suisse Group cut their target price on shares of Kroger from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, September 8th. Morgan Stanley lifted their target price on shares of Kroger from $41.00 to $43.00 and gave the stock an “underweight” rating in a research report on Monday, September 12th. Finally, UBS Group lifted their target price on shares of Kroger to $57.00 in a research report on Tuesday, September 13th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $52.89.

Kroger Company Profile

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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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