NumerixS Investment Technologies Inc cut its holdings in shares of Kroger Co (NYSE:KR) by 68.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,352 shares of the company’s stock after selling 49,562 shares during the period. NumerixS Investment Technologies Inc’s holdings in Kroger were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Kroger by 1.0% in the third quarter. Vanguard Group Inc. now owns 65,890,150 shares of the company’s stock valued at $1,918,063,000 after acquiring an additional 660,052 shares during the last quarter. Vanguard Group Inc increased its position in shares of Kroger by 1.0% in the third quarter. Vanguard Group Inc now owns 65,890,150 shares of the company’s stock valued at $1,918,063,000 after acquiring an additional 660,052 shares during the last quarter. BlackRock Inc. increased its position in shares of Kroger by 4.7% in the fourth quarter. BlackRock Inc. now owns 57,852,610 shares of the company’s stock valued at $1,590,947,000 after acquiring an additional 2,587,501 shares during the last quarter. LSV Asset Management increased its position in shares of Kroger by 1.9% in the fourth quarter. LSV Asset Management now owns 20,050,668 shares of the company’s stock valued at $551,393,000 after acquiring an additional 381,847 shares during the last quarter. Finally, FMR LLC increased its position in shares of Kroger by 64.3% in the third quarter. FMR LLC now owns 18,848,786 shares of the company’s stock valued at $548,688,000 after acquiring an additional 7,375,253 shares during the last quarter. Hedge funds and other institutional investors own 80.27% of the company’s stock.
In other Kroger news, insider Christopher T. Hjelm sold 18,564 shares of the business’s stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $28.25, for a total transaction of $524,433.00. Following the completion of the transaction, the insider now directly owns 262,727 shares in the company, valued at $7,422,037.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider J Michael Schlotman sold 20,546 shares of the business’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $28.86, for a total transaction of $592,957.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,848 shares of company stock valued at $4,605,898. 1.07% of the stock is currently owned by corporate insiders.
A number of research firms recently issued reports on KR. Credit Suisse Group reaffirmed a “hold” rating and issued a $32.00 target price on shares of Kroger in a research report on Tuesday, December 4th. Pivotal Research reiterated a “hold” rating and set a $31.00 price target on shares of Kroger in a report on Tuesday, December 4th. Zacks Investment Research cut Kroger from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Bank of America restated a “buy” rating and set a $37.00 price objective (up previously from $35.00) on shares of Kroger in a report on Friday, December 7th. Finally, Loop Capital set a $30.00 price objective on Kroger and gave the stock a “hold” rating in a report on Friday, December 7th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. Kroger has an average rating of “Hold” and a consensus target price of $31.27.
Shares of KR stock opened at $24.94 on Thursday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.73 and a quick ratio of 0.25. The company has a market capitalization of $22.96 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.85 and a beta of 0.73. Kroger Co has a 1 year low of $22.85 and a 1 year high of $32.74.
Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.04). The company had revenue of $28.09 billion during the quarter, compared to the consensus estimate of $28.38 billion. Kroger had a net margin of 2.99% and a return on equity of 26.64%. The company’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share. As a group, analysts predict that Kroger Co will post 2.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Thursday, February 14th. Kroger’s dividend payout ratio (DPR) is currently 27.45%.
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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