Kroger Co (NYSE:KR) Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of Kroger Co (NYSE:KR) by 45.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,519 shares of the company’s stock after buying an additional 24,390 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kroger were worth $1,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Peapack Gladstone Financial Corp grew its stake in shares of Kroger by 1.4% during the second quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock worth $265,000 after buying an additional 154 shares during the last quarter. Pettyjohn Wood & White Inc. grew its stake in shares of Kroger by 0.4% in the second quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock worth $1,217,000 after purchasing an additional 191 shares during the last quarter. Citizens Financial Group Inc RI grew its stake in shares of Kroger by 4.3% in the second quarter. Citizens Financial Group Inc RI now owns 6,165 shares of the company’s stock worth $144,000 after purchasing an additional 255 shares during the last quarter. Calamos Wealth Management LLC grew its stake in shares of Kroger by 0.8% in the second quarter. Calamos Wealth Management LLC now owns 35,067 shares of the company’s stock worth $818,000 after purchasing an additional 275 shares during the last quarter. Finally, Pacad Investment Ltd. grew its stake in shares of Kroger by 0.5% in the second quarter. Pacad Investment Ltd. now owns 92,704 shares of the company’s stock worth $2,162,000 after purchasing an additional 433 shares during the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Co (NYSE:KR) traded up $0.09 during mid-day trading on Thursday, reaching $28.08. 9,372,258 shares of the company traded hands, compared to its average volume of 12,180,000. The firm has a market capitalization of $24,750.00, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 3.60 and a beta of 0.93. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. Kroger Co has a 1-year low of $19.69 and a 1-year high of $34.99.

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

In other news, COO Michael Joseph Donnelly sold 15,400 shares of the company’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $27.66, for a total transaction of $425,964.00. Following the transaction, the chief operating officer now owns 290,353 shares in the company, valued at $8,031,163.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the transaction, the vice president now owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. Insiders have sold 58,868 shares of company stock worth $1,607,426 in the last quarter. Company insiders own 0.87% of the company’s stock.

Several analysts recently weighed in on KR shares. Northcoast Research raised shares of Kroger from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Oppenheimer reissued a “hold” rating and issued a $26.00 price objective on shares of Kroger in a research note on Monday, December 4th. Citigroup boosted their price objective on shares of Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Zacks Investment Research cut shares of Kroger from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Jefferies Group raised shares of Kroger from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $26.98 to $33.00 in a research note on Friday, January 5th. Seventeen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Kroger has an average rating of “Hold” and an average target price of $29.80.

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Kroger 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.

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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