Daiwa Securities Group Inc. Grows Stock Holdings in Kroger Co (NYSE:KR)

Daiwa Securities Group Inc. raised its position in shares of Kroger Co (NYSE:KR) by 13.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,736 shares of the company’s stock after buying an additional 4,110 shares during the period. Daiwa Securities Group Inc.’s holdings in Kroger were worth $895,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC lifted its position in shares of Kroger by 57.2% during the second quarter. Capital Investment Advisory Services LLC now owns 1,787 shares of the company’s stock valued at $37,000 after buying an additional 650 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Kroger by 60.3% during the second quarter. HBK Sorce Advisory LLC now owns 33,837 shares of the company’s stock valued at $735,000 after acquiring an additional 12,722 shares in the last quarter. Alberta Investment Management Corp increased its holdings in shares of Kroger by 46.3% during the second quarter. Alberta Investment Management Corp now owns 190,900 shares of the company’s stock valued at $4,144,000 after acquiring an additional 60,400 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Kroger during the second quarter valued at about $497,000. Finally, Wealthquest Corp acquired a new position in shares of Kroger during the third quarter valued at about $209,000. 80.59% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the stock. Credit Suisse Group restated an “outperform” rating and set a $29.00 price objective (up previously from $27.00) on shares of Kroger in a report on Friday, September 13th. Bank of America set a $28.00 price objective on shares of Kroger and gave the company a “buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. upped their price objective on shares of Kroger from $24.00 to $27.00 in a report on Thursday, October 24th. Jefferies Financial Group downgraded shares of Kroger from a “buy” rating to a “hold” rating and cut their price objective for the company from $29.00 to $26.00 in a report on Thursday, October 10th. Finally, UBS Group upped their price objective on shares of Kroger from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $27.35.

In other news, COO Michael Joseph Donnelly sold 1,574 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $26.46, for a total transaction of $41,648.04. Following the sale, the chief operating officer now owns 324,209 shares of the company’s stock, valued at approximately $8,578,570.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP J Michael Schlotman sold 68,187 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $26.02, for a total transaction of $1,774,225.74. Following the sale, the executive vice president now directly owns 295,160 shares in the company, valued at approximately $7,680,063.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,323 shares of company stock worth $3,537,389. 1.34% of the stock is owned by corporate insiders.

NYSE:KR traded down $0.05 during midday trading on Wednesday, hitting $26.95. The company’s stock had a trading volume of 168,088 shares, compared to its average volume of 8,679,814. Kroger Co has a fifty-two week low of $20.70 and a fifty-two week high of $31.64. The firm’s 50 day moving average is $25.20 and its 200-day moving average is $23.92. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.76 and a quick ratio of 0.27. The firm has a market cap of $21.66 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.96 and a beta of 0.56.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, September 12th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The company had revenue of $28.17 billion for the quarter, compared to the consensus estimate of $28.34 billion. During the same quarter in the prior year, the company earned $0.41 EPS. Kroger’s quarterly revenue was up .5% on a year-over-year basis. As a group, analysts forecast that Kroger Co will post 2.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.64 annualized dividend and a yield of 2.37%. Kroger’s dividend payout ratio (DPR) is presently 30.33%.

Kroger Company 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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