National Pension Service Lowers Position in Kroger Co (KR)

National Pension Service trimmed its holdings in shares of Kroger Co (NYSE:KR) by 6.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 992,511 shares of the company’s stock after selling 65,112 shares during the quarter. National Pension Service owned 0.12% of Kroger worth $28,892,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KR. Lee Financial Co bought a new stake in Kroger during the 3rd quarter worth approximately $101,000. CSat Investment Advisory L.P. bought a new stake in Kroger during the 2nd quarter worth approximately $109,000. Bridgeworth LLC bought a new stake in Kroger during the 2nd quarter worth approximately $109,000. Zions Bancorporation bought a new position in shares of Kroger during the 3rd quarter worth approximately $128,000. Finally, First Mercantile Trust Co. grew its stake in shares of Kroger by 50.6% during the 3rd quarter. First Mercantile Trust Co. now owns 4,925 shares of the company’s stock worth $143,000 after acquiring an additional 1,655 shares in the last quarter. 79.78% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on KR shares. Credit Suisse Group set a $33.00 price target on shares of Kroger and gave the stock a “hold” rating in a research note on Thursday, September 13th. Telsey Advisory Group raised their price target on shares of Kroger from $29.00 to $31.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 31st. Morgan Stanley decreased their price target on shares of Kroger from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, September 27th. Stephens set a $29.00 price target on shares of Kroger and gave the stock a “hold” rating in a research note on Friday, September 7th. Finally, Zacks Investment Research raised shares of Kroger from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Tuesday, August 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.67.

NYSE KR opened at $29.55 on Friday. The company has a market capitalization of $23.56 billion, a PE ratio of 14.49, a P/E/G ratio of 2.04 and a beta of 0.79. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.73 and a quick ratio of 0.25. Kroger Co has a 12 month low of $22.85 and a 12 month high of $32.74.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, December 6th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $27.67 billion during the quarter, compared to the consensus estimate of $27.64 billion. Kroger had a return on equity of 26.64% and a net margin of 2.99%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, sell-side analysts forecast that Kroger Co will post 2.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Wednesday, November 14th. Kroger’s payout ratio is presently 27.45%.

In other news, insider Erin S. Sharp sold 25,314 shares of the stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total value of $734,106.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Calvin J. Kaufman sold 10,500 shares of the stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $27.47, for a total value of $288,435.00. Following the completion of the sale, the senior vice president now directly owns 124,688 shares of the company’s stock, valued at approximately $3,425,179.36. The disclosure for this sale can be found here. In the last three months, insiders sold 71,685 shares of company stock valued at $2,072,164. 1.07% of the stock is currently owned by insiders.

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Kroger 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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