Symons Capital Management Inc. Purchases New Holdings in Kroger Co (NYSE:KR)

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Symons Capital Management Inc. purchased a new stake in shares of Kroger Co (NYSE:KR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 210,472 shares of the company’s stock, valued at approximately $5,426,000. Kroger accounts for about 2.5% of Symons Capital Management Inc.’s portfolio, making the stock its 19th biggest holding.

Other hedge funds also recently modified their holdings of the company. South Texas Money Management Ltd. lifted its holdings in shares of Kroger by 6.0% during the second quarter. South Texas Money Management Ltd. now owns 1,111,036 shares of the company’s stock valued at $24,121,000 after purchasing an additional 62,939 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in Kroger by 2.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 99,121 shares of the company’s stock worth $2,152,000 after acquiring an additional 2,328 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in Kroger in the 2nd quarter worth approximately $743,000. Naples Global Advisors LLC raised its holdings in Kroger by 6.9% in the 2nd quarter. Naples Global Advisors LLC now owns 37,205 shares of the company’s stock worth $808,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Kwmg LLC raised its holdings in Kroger by 5.3% in the 2nd quarter. Kwmg LLC now owns 96,785 shares of the company’s stock worth $2,101,000 after acquiring an additional 4,904 shares during the last quarter. Institutional investors and hedge funds own 80.35% of the company’s stock.

In other news, SVP Mary Ellen Adcock sold 15,400 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $28.00, for a total transaction of $431,200.00. Following the completion of the sale, the senior vice president now owns 121,085 shares of the company’s stock, valued at approximately $3,390,380. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $41,648.04. Following the sale, the chief operating officer now directly owns 324,209 shares of the company’s stock, valued at approximately $8,578,570.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,323 shares of company stock valued at $3,537,389. Insiders own 1.34% of the company’s stock.

NYSE:KR traded up $0.16 during trading hours on Friday, reaching $27.02. The company had a trading volume of 6,533,301 shares, compared to its average volume of 8,694,465. Kroger Co has a 52 week low of $20.70 and a 52 week high of $31.98. The firm’s 50 day moving average price is $25.12 and its 200-day moving average price is $23.89. The company has a current ratio of 0.76, a quick ratio of 0.27 and a debt-to-equity ratio of 2.15. The firm has a market cap of $22.31 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 2.00 and a beta of 0.56.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, September 12th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The firm had revenue of $28.17 billion during the quarter, compared to the consensus estimate of $28.34 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts forecast that Kroger Co will post 2.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, November 14th. Kroger’s payout ratio is 30.33%.

KR has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered shares of Kroger from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $29.00 to $26.00 in a report on Thursday, October 10th. Oppenheimer decreased their price objective on shares of Kroger from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, October 28th. Guggenheim set a $26.00 target price on shares of Kroger and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. lifted their target price on shares of Kroger from $24.00 to $27.00 in a research report on Thursday, October 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.00 target price (up previously from $24.00) on shares of Kroger in a research report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.37.

About Kroger

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.

Further Reading: Percentage Decliners

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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