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.
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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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