Greenlight Capital Inc. Acquires Shares of 362,300 Kroger Co (KR)

Greenlight Capital Inc. acquired a new position in Kroger Co (NYSE:KR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 362,300 shares of the company’s stock, valued at approximately $7,268,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in KR. Janus Henderson Group PLC boosted its holdings in shares of Kroger by 6,611.2% during the second quarter. Janus Henderson Group PLC now owns 8,260,260 shares of the company’s stock valued at $192,630,000 after acquiring an additional 8,137,179 shares during the period. FMR LLC lifted its holdings in Kroger by 17.7% in the second quarter. FMR LLC now owns 49,409,616 shares of the company’s stock worth $1,152,232,000 after purchasing an additional 7,446,349 shares during the period. Artisan Partners Limited Partnership acquired a new stake in Kroger in the third quarter worth about $119,454,000. Principal Financial Group Inc. lifted its holdings in Kroger by 255.5% in the second quarter. Principal Financial Group Inc. now owns 6,596,264 shares of the company’s stock worth $153,825,000 after purchasing an additional 4,740,751 shares during the period. Finally, Equity Investment Corp Acquisition Inc acquired a new stake in Kroger in the second quarter worth about $71,486,000. 79.10% of the stock is owned by institutional investors.

Shares of Kroger Co (NYSE KR) traded up $0.42 during trading on Friday, reaching $26.32. 5,590,172 shares of the company’s stock traded hands, compared to its average volume of 12,253,184. 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 12-month low of $19.69 and a 12-month high of $36.44. The company has a market capitalization of $23,523.55, a PE ratio of 13.76, a PEG ratio of 3.53 and a beta of 0.92.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping 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 analysts’ expectations of $27.48 billion. During the same period in the previous year, the business earned $0.41 earnings per share. Kroger’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities research analysts anticipate that Kroger Co will post 2.02 EPS for the current fiscal year.

Several research firms recently weighed in on KR. Pivotal Research set a $30.00 price objective on shares of Kroger and gave the stock a “buy” rating in a report on Saturday, December 2nd. Telsey Advisory Group upped their price objective on shares of Kroger from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday, December 1st. Oppenheimer reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Kroger in a report on Wednesday, October 4th. Jefferies Group reduced their price objective on shares of Kroger from $24.00 to $19.00 and set a “hold” rating for the company in a report on Monday, September 11th. Finally, BidaskClub downgraded shares of Kroger from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Seventeen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Kroger currently has a consensus rating of “Hold” and a consensus price target of $28.93.

In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.98, for a total transaction of $269,800.00. Following the sale, the director now owns 108,910 shares in the company, valued at approximately $2,938,391.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the sale, 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. 0.85% of the stock is currently owned by insiders.

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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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