Engineers Gate Manager LP trimmed its holdings in shares of Kroger Co (NYSE:KR) by 78.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,813 shares of the company’s stock after selling 145,481 shares during the quarter. Engineers Gate Manager LP’s holdings in Kroger were worth $1,120,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of KR. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in shares of Kroger by 66.3% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock valued at $1,776,000 after purchasing an additional 34,856 shares during the last quarter. Frontier Investment Mgmt Co. grew its position in shares of Kroger by 107.2% in the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after purchasing an additional 25,940 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Kroger by 10.0% in the third quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock valued at $6,971,000 after purchasing an additional 31,561 shares during the last quarter. Point View Wealth Management Inc. grew its position in shares of Kroger by 38.1% in the third quarter. Point View Wealth Management Inc. now owns 64,251 shares of the company’s stock valued at $1,289,000 after purchasing an additional 17,710 shares during the last quarter. Finally, Sentry Investment Management LLC grew its position in shares of Kroger by 114.9% in the second quarter. Sentry Investment Management LLC now owns 72,943 shares of the company’s stock valued at $1,701,000 after purchasing an additional 39,000 shares during the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on KR. ValuEngine downgraded Kroger from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BMO Capital Markets set a $31.00 price target on Kroger and gave the company a “hold” rating in a research report on Wednesday, January 24th. Morgan Stanley raised their price target on Kroger from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Citigroup raised their price target on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Finally, Stephens set a $29.00 price target on Kroger and gave the company a “hold” rating in a research report on Tuesday, January 16th. Seventeen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.52.
Kroger (NYSE:KR) last released its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter last year, the company earned $0.41 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. research analysts forecast that Kroger Co will post 2.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s dividend payout ratio is 29.76%.
In other Kroger news, VP Michael Joseph Donnelly sold 40,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.64, for a total transaction of $1,225,600.00. Following the completion of the transaction, the vice president now owns 319,124 shares in the company, valued at $9,777,959.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was 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 of the company’s stock, valued at approximately $664,733.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,868 shares of company stock valued at $3,403,416. Corporate insiders own 0.85% of the company’s stock.
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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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