Ancora Advisors LLC Has $1.09 Million Stake in Kroger Co (KR)

Ancora Advisors LLC decreased its position in Kroger Co (NYSE:KR) by 16.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,573 shares of the company’s stock after selling 7,136 shares during the period. Ancora Advisors LLC’s holdings in Kroger were worth $1,094,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Kroger by 2.3% in the second quarter. BlackRock Inc. now owns 65,465,026 shares of the company’s stock valued at $1,862,480,000 after purchasing an additional 1,490,831 shares during the period. LSV Asset Management lifted its stake in shares of Kroger by 24.0% in the third quarter. LSV Asset Management now owns 19,668,821 shares of the company’s stock valued at $572,559,000 after purchasing an additional 3,812,207 shares during the period. FMR LLC lifted its stake in shares of Kroger by 64.3% in the third quarter. FMR LLC now owns 18,848,786 shares of the company’s stock valued at $548,688,000 after purchasing an additional 7,375,253 shares during the period. Franklin Resources Inc. lifted its stake in shares of Kroger by 31.9% in the third quarter. Franklin Resources Inc. now owns 17,935,028 shares of the company’s stock valued at $522,076,000 after purchasing an additional 4,332,791 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Kroger by 5.7% in the third quarter. Janus Henderson Group PLC now owns 8,598,134 shares of the company’s stock valued at $250,291,000 after purchasing an additional 463,292 shares during the period. 79.94% of the stock is currently owned by institutional investors and hedge funds.

KR has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, August 21st. Jefferies Financial Group raised their price objective on shares of Kroger from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Credit Suisse Group set a $32.00 price objective on shares of Kroger and gave the company a “buy” rating in a research note on Friday, October 5th. Morgan Stanley reduced their price objective on shares of Kroger from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, September 27th. Finally, Stephens set a $29.00 price objective on shares of Kroger and gave the company a “hold” rating in a research note on Friday, September 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $30.84.

In other news, SVP Calvin J. Kaufman sold 10,500 shares of Kroger stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $27.47, for a total transaction of $288,435.00. Following the completion of the sale, the senior vice president now directly owns 124,688 shares in the company, valued at $3,425,179.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mary Ellen Adcock sold 1,850 shares of Kroger stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $31.21, for a total transaction of $57,738.50. Following the sale, the insider now owns 97,119 shares of the company’s stock, valued at $3,031,083.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,425 shares of company stock valued at $1,480,298. 1.07% of the stock is currently owned by company insiders.

Shares of KR opened at $29.76 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 1.65. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 2.09 and a beta of 0.79. Kroger Co has a 12-month low of $22.85 and a 12-month high of $32.74.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $27.87 billion during the quarter, compared to analysts’ expectations of $27.95 billion. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. As a group, research analysts anticipate that Kroger Co will post 2.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, November 14th. Kroger’s payout ratio is currently 27.45%.

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About Kroger

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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