Toronto Dominion Bank Purchases 1,222,349 Shares of Kroger Co (NYSE:KR)

Toronto Dominion Bank increased its position in Kroger Co (NYSE:KR) by 120.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,236,781 shares of the company’s stock after buying an additional 1,222,349 shares during the quarter. Toronto Dominion Bank owned 0.28% of Kroger worth $48,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in KR. RWC Asset Management LLP grew its position in shares of Kroger by 0.4% in the 2nd quarter. RWC Asset Management LLP now owns 2,810,561 shares of the company’s stock valued at $61,017,000 after buying an additional 11,630 shares during the last quarter. Impax Asset Management Group plc increased its stake in shares of Kroger by 12.1% in the second quarter. Impax Asset Management Group plc now owns 14,288 shares of the company’s stock valued at $310,000 after buying an additional 1,546 shares during the period. Natixis acquired a new stake in shares of Kroger in the second quarter valued at about $2,993,000. Ossiam raised its position in shares of Kroger by 162.3% during the second quarter. Ossiam now owns 100,492 shares of the company’s stock worth $2,182,000 after acquiring an additional 62,173 shares during the last quarter. Finally, Seeyond raised its position in shares of Kroger by 98.0% during the second quarter. Seeyond now owns 212,656 shares of the company’s stock worth $4,617,000 after acquiring an additional 105,256 shares during the last quarter. 80.64% of the stock is owned by institutional investors.

KR has been the topic of several analyst reports. ValuEngine upgraded Kroger from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. BMO Capital Markets restated a “market perform” rating and set a $26.00 price target (up previously from $24.00) on shares of Kroger in a report on Wednesday, September 4th. Bank of America lowered their price target on shares of Kroger from $37.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price target (down previously from $29.00) on shares of Kroger in a research report on Friday, June 21st. Finally, Zacks Investment Research raised shares of Kroger from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a research note on Friday, May 31st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.29.

In related news, Director Susan J. Kropf sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $21.64, for a total transaction of $281,320.00. Following the transaction, the director now directly owns 101,171 shares of the company’s stock, valued at approximately $2,189,340.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ronald Sargent purchased 5,000 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was purchased at an average price of $21.49 per share, for a total transaction of $107,450.00. Following the acquisition, the director now owns 94,660 shares of the company’s stock, valued at approximately $2,034,243.40. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 43,600 shares of company stock worth $955,450. 1.34% of the stock is owned by insiders.

KR traded down $0.50 during trading on Wednesday, hitting $25.32. The company’s stock had a trading volume of 556,919 shares, compared to its average volume of 7,741,217. Kroger Co has a twelve month low of $20.70 and a twelve month high of $32.08. The company has a quick ratio of 0.25, a current ratio of 0.75 and a debt-to-equity ratio of 2.16. The stock’s fifty day moving average price is $22.98 and its 200-day moving average price is $23.99. The firm has a market capitalization of $20.63 billion, a P/E ratio of 12.00, a PEG ratio of 1.78 and a beta of 0.56.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, June 20th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $37.25 billion for the quarter, compared to analysts’ expectations of $37.27 billion. Kroger had a return on equity of 21.79% and a net margin of 1.54%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. Equities research analysts expect that Kroger Co will post 2.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This is a positive change from Kroger’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 2.53%. Kroger’s dividend payout ratio is currently 30.33%.

Kroger Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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