Dupont Capital Management Corp Acquires 159,100 Shares of Kroger Co (KR)

Dupont Capital Management Corp boosted its holdings in shares of Kroger Co (NYSE:KR) by 2,136.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,546 shares of the company’s stock after purchasing an additional 159,100 shares during the period. Dupont Capital Management Corp’s holdings in Kroger were worth $4,848,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KR. Millennium Management LLC lifted its stake in Kroger by 5,574.9% during the second quarter. Millennium Management LLC now owns 6,969,288 shares of the company’s stock valued at $198,276,000 after purchasing an additional 6,846,478 shares during the last quarter. Epoch Investment Partners Inc. acquired a new stake in Kroger during the second quarter valued at approximately $154,021,000. BlackRock Inc. lifted its stake in Kroger by 2.3% during the second quarter. BlackRock Inc. now owns 65,465,026 shares of the company’s stock valued at $1,862,480,000 after purchasing an additional 1,490,831 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in Kroger during the second quarter valued at approximately $41,899,000. Finally, Dimensional Fund Advisors LP lifted its stake in Kroger by 36.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,485,099 shares of the company’s stock valued at $156,053,000 after purchasing an additional 1,465,865 shares during the last quarter. 78.76% of the stock is owned by institutional investors and hedge funds.

KR has been the subject of several research analyst reports. Wells Fargo & Co upped their price target on shares of Kroger from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Monday, September 10th. Northcoast Research restated a “buy” rating and issued a $36.00 price target on shares of Kroger in a research report on Monday, July 23rd. Telsey Advisory Group restated a “market perform” rating on shares of Kroger in a research report on Thursday, September 13th. Credit Suisse Group reduced their price target on shares of Kroger from $33.00 to $32.00 and set an “outperform” rating for the company in a research report on Friday, September 14th. Finally, Deutsche Bank downgraded shares of Kroger from a “hold” rating to a “sell” rating and reduced their price target for the company from $30.00 to $24.00 in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.40.

Kroger stock opened at $31.39 on Friday. The company has a market capitalization of $25.00 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 2.21 and a beta of 0.77. The company has a current ratio of 0.73, a quick ratio of 0.26 and a debt-to-equity ratio of 1.65. Kroger Co has a twelve month low of $21.25 and a twelve month high of $32.74.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, September 13th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The firm had revenue of $27.87 billion for the quarter, compared to analyst estimates of $27.95 billion. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Equities research analysts forecast that Kroger Co will post 2.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.56 annualized dividend and a yield of 1.78%. Kroger’s dividend payout ratio is presently 27.45%.

In other Kroger news, Director Clyde R. Moore sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $29.06, for a total value of $377,780.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Calvin J. Kaufman sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $27.47, for a total transaction of $288,435.00. Following the completion of the transaction, the senior vice president now owns 124,688 shares in the company, valued at approximately $3,425,179.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,575 shares of company stock worth $1,422,559. Company insiders own 1.07% of the company’s stock.

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Kroger Company Profile

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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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