Vaughan David Investments Inc. IL cut its stake in Kroger Company (The) (NYSE:KR) by 99.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,510 shares of the company’s stock after selling 565,150 shares during the quarter. Vaughan David Investments Inc. IL’s holdings in Kroger Company (The) were worth $440,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of KR. Howe & Rusling Inc. purchased a new position in Kroger Company (The) in the 3rd quarter worth approximately $103,000. Dupont Capital Management Corp purchased a new position in Kroger Company (The) in the 2nd quarter worth approximately $105,000. Cedar Wealth Management LLC lifted its stake in Kroger Company (The) by 155.9% in the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock worth $116,000 after purchasing an additional 3,040 shares in the last quarter. Grove Bank & Trust lifted its stake in Kroger Company (The) by 9.3% in the 2nd quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock worth $124,000 after purchasing an additional 450 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new position in Kroger Company (The) in the 2nd quarter worth approximately $128,000. 75.06% of the stock is currently owned by hedge funds and other institutional investors.
Kroger Company (NYSE KR) traded up $1.13 during trading hours on Friday, hitting $23.41. 19,582,346 shares of the company’s stock traded hands, compared to its average volume of 12,111,456. The firm has a market capitalization of $19,820.00, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.70 and a beta of 0.83. Kroger Company has a fifty-two week low of $19.69 and a fifty-two week high of $36.44. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 2.13.
Kroger Company (The) (NYSE:KR) last released its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. research analysts expect that Kroger Company will post 2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 annualized dividend and a dividend yield of 2.14%. Kroger Company (The)’s dividend payout ratio (DPR) is currently 30.30%.
A number of research analysts have weighed in on the stock. Jefferies Group LLC reissued a “hold” rating on shares of Kroger Company (The) in a research note on Friday, August 25th. BidaskClub lowered shares of Kroger Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Wells Fargo & Company reissued an “outperform” rating and issued a $26.00 target price on shares of Kroger Company (The) in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Kroger Company (The) from a “hold” rating to a “strong sell” rating in a research note on Monday, October 16th. Finally, The Goldman Sachs Group, Inc. reaffirmed a “neutral” rating and set a $22.00 price target on shares of Kroger Company (The) in a research report on Tuesday. Nineteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.10.
Kroger Company (The) Company Profile
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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