LMR Partners LLP Takes $882,000 Position in Kroger Co (KR)

Share on StockTwits

LMR Partners LLP purchased a new stake in Kroger Co (NYSE:KR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,071 shares of the company’s stock, valued at approximately $882,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in Kroger during the fourth quarter worth approximately $26,000. Doyle Wealth Management acquired a new stake in Kroger during the fourth quarter worth approximately $26,000. Lindbrook Capital LLC acquired a new stake in Kroger during the fourth quarter worth approximately $32,000. Financial Gravity Companies Inc. acquired a new stake in Kroger during the fourth quarter worth approximately $33,000. Finally, Synovus Financial Corp grew its stake in Kroger by 263.9% during the fourth quarter. Synovus Financial Corp now owns 1,379 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the period. 81.27% of the stock is owned by institutional investors and hedge funds.

In other news, Director Robert D. Beyer sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $27.39, for a total value of $1,369,500.00. Following the transaction, the director now owns 230,722 shares in the company, valued at $6,319,475.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider J Michael Schlotman sold 20,546 shares of the firm’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 value of $592,957.56. The disclosure for this sale can be found here. Insiders sold 115,188 shares of company stock worth $3,202,992 in the last 90 days. Corporate insiders own 1.07% of the company’s stock.

Shares of NYSE:KR opened at $24.75 on Friday. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 1.46 and a beta of 0.66. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.28 and a current ratio of 0.76. Kroger Co has a 52-week low of $23.05 and a 52-week high of $32.74.

Kroger (NYSE:KR) last announced 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 $0.51 by ($0.03). The firm had revenue of $28.09 billion during the quarter, compared to the consensus estimate of $28.38 billion. Kroger had a return on equity of 23.50% and a net margin of 2.57%. The firm’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. Equities research analysts anticipate that Kroger Co will post 2.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.26%. Kroger’s payout ratio is currently 26.54%.

KR has been the subject of several recent analyst reports. Bank of America reaffirmed a “buy” rating and set a $37.00 target price (up previously from $35.00) on shares of Kroger in a research note on Friday, December 7th. Credit Suisse Group raised their target price on Kroger from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, December 7th. Buckingham Research initiated coverage on Kroger in a research note on Thursday, February 7th. They set an “underperform” rating and a $28.18 target price for the company. Loop Capital set a $30.00 target price on Kroger and gave the stock a “hold” rating in a research note on Friday, December 7th. Finally, Stephens set a $30.00 target price on Kroger and gave the stock a “hold” rating in a research note on Friday, December 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.53.

ILLEGAL ACTIVITY NOTICE: “LMR Partners LLP Takes $882,000 Position in Kroger Co (KR)” was originally published by Highlight Press and is the sole property of of Highlight Press. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://highlightpress.com/2019/03/15/lmr-partners-llp-takes-882000-position-in-kroger-co-kr.html.

About Kroger

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.

Featured Story: What is Liquidity?

Institutional Ownership by Quarter for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply