LS Investment Advisors LLC decreased its position in shares of Kroger Co (NYSE:KR) by 10.0% during the 4th quarter, HoldingsChannel reports. The fund owned 38,695 shares of the company’s stock after selling 4,280 shares during the period. LS Investment Advisors LLC’s holdings in Kroger were worth $1,064,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC raised its position in shares of Kroger by 45.6% in the 3rd quarter. Chicago Equity Partners LLC now owns 283,365 shares of the company’s stock worth $8,249,000 after acquiring an additional 88,700 shares in the last quarter. Poplar Forest Capital LLC raised its position in shares of Kroger by 44.3% in the 3rd quarter. Poplar Forest Capital LLC now owns 757,374 shares of the company’s stock worth $22,047,000 after acquiring an additional 232,431 shares in the last quarter. Pendal Group Ltd raised its position in shares of Kroger by 45.0% in the 4th quarter. Pendal Group Ltd now owns 296,833 shares of the company’s stock worth $8,163,000 after acquiring an additional 92,090 shares in the last quarter. Strs Ohio raised its position in shares of Kroger by 1,785.1% in the 4th quarter. Strs Ohio now owns 1,240,726 shares of the company’s stock worth $34,119,000 after acquiring an additional 1,174,908 shares in the last quarter. Finally, Wealthquest Corp bought a new position in shares of Kroger in the 4th quarter worth about $237,000. 79.70% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on the company. Credit Suisse Group reissued a “hold” rating and issued a $32.00 price objective on shares of Kroger in a research report on Tuesday, December 4th. UBS Group lifted their price objective on Kroger from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 31st. Telsey Advisory Group lifted their price objective on Kroger from $29.00 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 31st. Pivotal Research reaffirmed a “hold” rating and issued a $31.00 target price on shares of Kroger in a research report on Tuesday, December 4th. Finally, Bank of America reaffirmed a “buy” rating and issued a $37.00 target price (up from $35.00) on shares of Kroger in a research report on Friday, December 7th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.27.
Shares of Kroger stock opened at $27.83 on Friday. Kroger Co has a one year low of $22.85 and a one year high of $32.74. The stock has a market capitalization of $22.48 billion, a P/E ratio of 13.64, a PEG ratio of 1.84 and a beta of 0.73. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.73 and a quick ratio of 0.25.
Kroger (NYSE:KR) last issued its earnings results on Thursday, December 6th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $27.67 billion during the quarter, compared to analyst estimates of $27.64 billion. Kroger had a return on equity of 26.64% and a net margin of 2.99%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. Analysts expect that Kroger Co will post 2.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, February 14th. This represents a $0.56 dividend on an annualized basis and a yield of 2.01%. Kroger’s dividend payout ratio (DPR) is currently 27.45%.
In other Kroger news, Director Robert D. Beyer sold 50,000 shares of Kroger stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $27.39, for a total transaction of $1,369,500.00. Following the completion of the transaction, the director now owns 230,722 shares in the company, valued at approximately $6,319,475.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert D. Beyer sold 26,078 shares of Kroger stock in a transaction dated Monday, December 31st. The shares were sold at an average price of $27.46, for a total value of $716,101.88. Following the transaction, the director now owns 230,722 shares of the company’s stock, valued at approximately $6,335,626.12. The disclosure for this sale can be found here. Insiders have sold a total of 164,698 shares of company stock valued at $4,663,637 in the last quarter. Company insiders own 1.07% of the company’s stock.
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The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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