Cypress Capital Management LLC Buys Shares of 7,300 Kroger Co (KR)

Cypress Capital Management LLC bought a new position in Kroger Co (NYSE:KR) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 7,300 shares of the company’s stock, valued at approximately $200,000.

Other large investors also recently bought and sold shares of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in Kroger by 66.3% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock valued at $1,776,000 after acquiring an additional 34,856 shares during the period. Frontier Investment Mgmt Co. lifted its position in Kroger by 107.2% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after acquiring an additional 25,940 shares during the period. Toronto Dominion Bank lifted its position in Kroger by 10.0% during the 3rd quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock valued at $6,971,000 after acquiring an additional 31,561 shares during the period. Point View Wealth Management Inc. lifted its position in Kroger by 38.1% during the 3rd quarter. Point View Wealth Management Inc. now owns 64,251 shares of the company’s stock valued at $1,289,000 after acquiring an additional 17,710 shares during the period. Finally, Sentry Investment Management LLC lifted its position in Kroger by 114.9% during the 2nd quarter. Sentry Investment Management LLC now owns 72,943 shares of the company’s stock valued at $1,701,000 after acquiring an additional 39,000 shares during the period. 80.55% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Christopher T. Hjelm sold 8,000 shares of Kroger stock in a transaction that occurred on Monday, January 29th. The shares were 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 directly owns 251,784 shares in the company, valued at $7,714,661.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the sale, the vice president now owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. Insiders sold 117,868 shares of company stock valued at $3,403,416 over the last quarter. Company insiders own 0.87% of the company’s stock.

KR has been the subject of a number of recent research reports. Northcoast Research raised shares of Kroger from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Oppenheimer reissued a “hold” rating and set a $26.00 price target on shares of Kroger in a research report on Monday, December 4th. Citigroup lifted their price target on shares of Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Zacks Investment Research cut shares of Kroger from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine cut shares of Kroger from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Seventeen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.52.

Kroger Co (NYSE:KR) opened at $27.20 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. The stock has a market cap of $24,378.47, a PE ratio of 14.26, a price-to-earnings-growth ratio of 4.50 and a beta of 0.95. Kroger Co has a twelve month low of $19.69 and a twelve month high of $34.75.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $27.48 billion. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts predict that Kroger Co will post 2.04 EPS for the current fiscal year.

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.84%. Kroger’s dividend payout ratio is presently 29.76%.

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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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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