Bristlecone Advisors LLC lowered its position in shares of Kroger Company (The) (NYSE:KR) by 55.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,424 shares of the company’s stock after selling 25,391 shares during the period. Bristlecone Advisors LLC’s holdings in Kroger Company (The) were worth $602,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in KR. Signature Estate & Investment Advisors LLC bought a new stake in Kroger Company (The) during the first quarter valued at approximately $102,000. Advantage Investment Management LLC boosted its stake in Kroger Company (The) by 15.8% in the first quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock valued at $109,000 after buying an additional 502 shares during the period. YorkBridge Wealth Partners LLC raised its position in shares of Kroger Company (The) by 4.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock valued at $125,000 after buying an additional 171 shares in the last quarter. Baldwin Brothers Inc. MA raised its position in shares of Kroger Company (The) by 23.4% in the first quarter. Baldwin Brothers Inc. MA now owns 5,000 shares of the company’s stock valued at $147,000 after buying an additional 948 shares in the last quarter. Finally, Global X Management Co. LLC raised its position in shares of Kroger Company (The) by 28.1% in the first quarter. Global X Management Co. LLC now owns 6,546 shares of the company’s stock valued at $193,000 after buying an additional 1,434 shares in the last quarter. 77.89% of the stock is owned by institutional investors and hedge funds.
Kroger Company (NYSE:KR) opened at 23.16 on Monday. The firm’s 50-day moving average is $27.53 and its 200-day moving average is $30.69. Kroger Company has a 12 month low of $20.46 and a 12 month high of $37.97. The company has a market cap of $20.78 billion, a price-to-earnings ratio of 13.94 and a beta of 0.75.
Kroger Company (The) (NYSE:KR) last announced its quarterly earnings data on Thursday, June 15th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.58. The company had revenue of $36.29 billion during the quarter, compared to the consensus estimate of $35.69 billion. Kroger Company (The) had a return on equity of 29.10% and a net margin of 1.35%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 EPS. On average, analysts anticipate that Kroger Company will post $1.98 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.64%. This is a boost from Kroger Company (The)’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, August 11th. Kroger Company (The)’s dividend payout ratio is 28.92%.
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Several equities research analysts have weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $37.00 target price on shares of Kroger Company (The) in a report on Friday, May 12th. Deutsche Bank AG reissued a “buy” rating on shares of Kroger Company (The) in a research report on Friday, May 12th. Vetr downgraded shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $33.46 target price for the company. in a research report on Wednesday, May 10th. Wells Fargo & Company reaffirmed a “buy” rating and issued a $28.00 target price (down previously from $35.00) on shares of Kroger Company (The) in a research report on Monday, June 12th. Finally, Argus reaffirmed a “buy” rating on shares of Kroger Company (The) in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Kroger Company (The) currently has an average rating of “Hold” and an average target price of $30.67.
In other news, insider J Michael Schlotman purchased 2,000 shares of the stock in a transaction dated Monday, June 26th. The shares were purchased at an average cost of $22.73 per share, with a total value of $45,460.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher T. Hjelm sold 12,139 shares of Kroger Company (The) stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $30.00, for a total value of $364,170.00. Following the completion of the sale, the insider now directly owns 225,037 shares in the company, valued at $6,751,110. The disclosure for this sale can be found here. Insiders have sold a total of 66,339 shares of company stock worth $1,935,920 over the last ninety days. Insiders own 0.85% of the company’s stock.
About Kroger Company (The)
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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