Cadence Capital Management LLC trimmed its holdings in shares of Kroger Co (NYSE:KR) by 28.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,266 shares of the company’s stock after selling 41,589 shares during the quarter. Cadence Capital Management LLC’s holdings in Kroger were worth $2,862,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. LSV Asset Management grew its position in Kroger by 11.5% during the fourth quarter. LSV Asset Management now owns 14,112,947 shares of the company’s stock worth $387,400,000 after buying an additional 1,459,907 shares in the last quarter. Sanders Capital LLC purchased a new position in Kroger during the fourth quarter worth about $293,538,000. Janus Henderson Group PLC grew its position in Kroger by 0.3% during the third quarter. Janus Henderson Group PLC now owns 8,281,641 shares of the company’s stock worth $166,129,000 after buying an additional 21,381 shares in the last quarter. Nordea Investment Management AB grew its position in Kroger by 2.0% during the third quarter. Nordea Investment Management AB now owns 7,404,636 shares of the company’s stock worth $148,537,000 after buying an additional 145,491 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Kroger by 5.3% during the third quarter. Principal Financial Group Inc. now owns 6,946,580 shares of the company’s stock worth $139,348,000 after buying an additional 350,316 shares in the last quarter. Institutional investors and hedge funds own 79.59% of the company’s stock.
Several equities analysts recently commented on the company. Wells Fargo & Co restated an “outperform” rating and set a $26.00 target price on shares of Kroger in a research report on Friday, November 3rd. Zacks Investment Research cut Kroger from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. Goldman Sachs Group reiterated a “neutral” rating and issued a $22.00 price objective on shares of Kroger in a report on Tuesday, November 14th. BMO Capital Markets set a $29.00 price objective on Kroger and gave the stock a “hold” rating in a report on Friday, December 1st. Finally, Moffett Nathanson initiated coverage on Kroger in a report on Monday, December 4th. They issued a “buy” rating for the company. Seventeen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average 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 analysts’ consensus estimates of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The company had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. During the same quarter in the previous year, the company posted $0.41 EPS. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. analysts expect that Kroger Co will post 2.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Wednesday, February 14th. Kroger’s dividend payout ratio (DPR) is presently 29.76%.
In other news, insider Christopher T. Hjelm sold 8,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $30.64, for a total value of $245,120.00. Following the completion of the sale, the insider now owns 251,784 shares of the company’s stock, valued at approximately $7,714,661.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Michael Joseph Donnelly sold 40,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.64, for a total value of $1,225,600.00. Following the completion of the sale, the vice president now directly owns 319,124 shares of the company’s stock, valued at approximately $9,777,959.36. The disclosure for this sale can be found here. In the last three months, insiders sold 117,868 shares of company stock valued at $3,403,416. 0.87% of the stock is currently owned by corporate insiders.
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.
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