Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Kroger (NYSE:KR) Stock Price

Media coverage about Kroger (NYSE:KR) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kroger earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.7895440453309 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news stories that may have impacted Accern’s scoring:

KR has been the topic of several analyst reports. Jefferies Group reduced their price objective on Kroger from $24.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, September 11th. Oppenheimer reissued a “hold” rating and set a $26.00 price objective on shares of Kroger in a research note on Monday. Vetr raised Kroger from a “buy” rating to a “strong-buy” rating and set a $27.01 price objective on the stock in a research note on Wednesday, August 9th. Moffett Nathanson initiated coverage on Kroger in a research report on Monday. They set a “buy” rating for the company. Finally, UBS lowered Kroger from an “outperform” rating to a “market perform” rating in a research report on Friday, September 8th. Eighteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.16.

Kroger (KR) traded up $0.19 during trading on Wednesday, reaching $26.41. The company’s stock had a trading volume of 8,174,251 shares, compared to its average volume of 12,349,835. The stock has a market capitalization of $23,600.00, a price-to-earnings ratio of 13.86, a P/E/G ratio of 3.55 and a beta of 0.93. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. Kroger has a one year low of $19.69 and a one year high of $36.44.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. research analysts anticipate that Kroger will post 2.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Tuesday, November 14th. Kroger’s payout ratio is 29.76%.

In other Kroger news, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the sale, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jorge P. Montoya sold 10,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

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Kroger 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.

Insider Buying and Selling by Quarter for Kroger (NYSE:KR)

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