Retireful LLC Sells 4,877 Shares of The Kroger Co. (NYSE:KR)
Retireful LLC has reduced its stake in The Kroger Co. (NYSE:KR) by 42.1%, selling 4,877 shares during the first quarter, leaving it with 6,698 shares valued at $447,000. Other institutional investors have also adjusted their positions in Kroger. Analysts have given Kroger a consensus rating of "Moderate Buy" with a target price of $68.06. Kroger's stock opened at $66.24, with a market cap of $43.78 billion. The company recently announced a quarterly dividend of $0.32, yielding 1.93%.
Retireful LLC reduced its stake in The Kroger Co. (NYSE:KR - Free Report) by 42.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,698 shares of the company's stock after selling 4,877 shares during the period. Retireful LLC's holdings in Kroger were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.
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Several other hedge funds and other institutional investors also recently made changes to their positions in KR. JPMorgan Chase & Co. increased its holdings in shares of Kroger by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 6,164,855 shares of the company's stock valued at $353,246,000 after acquiring an additional 37,222 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Kroger by 17.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,644 shares of the company's stock worth $5,856,000 after purchasing an additional 14,078 shares in the last quarter. Sovereign Investment Advisors LLC bought a new position in shares of Kroger in the fourth quarter valued at approximately $351,000. Proficio Capital Partners LLC purchased a new position in shares of Kroger during the fourth quarter valued at approximately $223,000. Finally, Coordinated Financial Services Inc. purchased a new position in shares of Kroger during the fourth quarter valued at approximately $282,000. 80.93% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have commented on KR. Guggenheim lifted their target price on shares of Kroger from $71.00 to $73.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Telsey Advisory Group reiterated an "outperform" rating and set a $73.00 target price on shares of Kroger in a research note on Monday, March 3rd. Melius Research raised shares of Kroger from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. increased their target price on shares of Kroger from $72.00 to $82.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley lifted their price target on shares of Kroger from $65.00 to $71.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kroger has a consensus rating of "Moderate Buy" and a consensus price target of $68.06.
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Get Our Latest Stock Report on KR
Kroger Trading Down 1.3%
Shares of Kroger stock opened at $66.24 on Thursday. The stock has a market cap of $43.78 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.85 and a beta of 0.58. The firm has a fifty day moving average price of $69.18 and a 200 day moving average price of $64.66. The Kroger Co. has a 1 year low of $49.04 and a 1 year high of $73.63. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.07.
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Kroger (NYSE:KR - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. Kroger had a net margin of 1.85% and a return on equity of 27.73%. The company had revenue of $34.31 billion for the quarter, compared to analyst estimates of $34.96 billion. Equities research analysts predict that The Kroger Co. will post 4.44 earnings per share for the current year.
Kroger Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.28 annualized dividend and a yield of 1.93%. Kroger's payout ratio is 34.88%.
Insider Transactions at Kroger
In other news, CFO Todd A. Foley sold 28,105 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $66.62, for a total transaction of $1,872,355.10. Following the sale, the chief financial officer now owns 52,861 shares of the company's stock, valued at approximately $3,521,599.82. This represents a 34.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christine S. Wheatley sold 30,000 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $72.07, for a total value of $2,162,100.00. Following the transaction, the executive vice president now directly owns 97,737 shares in the company, valued at approximately $7,043,905.59. The trade was a 23.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 334,923 shares of company stock worth $22,867,124 over the last ninety days. Company insiders own 0.44% of the company's stock.
Kroger Company Profile
(Free Report)The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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.
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