Amundi Pioneer Asset Management Inc. lifted its position in shares of Kroger Co (NYSE:KR) by 34.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,126,810 shares of the company’s stock after buying an additional 1,052,774 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.52% of Kroger worth $113,487,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in KR. Riverview Trust Co acquired a new position in Kroger during the fourth quarter worth approximately $26,000. Doyle Wealth Management acquired a new position in Kroger during the fourth quarter worth approximately $26,000. Lindbrook Capital LLC acquired a new position in Kroger during the fourth quarter worth approximately $32,000. Financial Gravity Companies Inc. acquired a new position in Kroger during the fourth quarter worth approximately $33,000. Finally, Synovus Financial Corp increased its position in Kroger by 263.9% during the fourth quarter. Synovus Financial Corp now owns 1,379 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the last quarter. 80.89% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on KR. Evercore ISI began coverage on shares of Kroger in a research report on Wednesday. They set an “in-line” rating and a $27.00 price target for the company. Credit Suisse Group reissued a “hold” rating and issued a $32.00 price objective on shares of Kroger in a research report on Tuesday, December 4th. Telsey Advisory Group reissued a “market perform” rating and issued a $29.00 price objective (down previously from $31.00) on shares of Kroger in a research report on Friday, March 8th. Scotiabank set a $32.00 price objective on shares of Kroger and gave the stock a “buy” rating in a research report on Friday, March 8th. Finally, Zacks Investment Research lowered shares of Kroger from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $30.33.
Kroger (NYSE:KR) last announced its earnings results on Thursday, March 7th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.03). The firm had revenue of $28.09 billion during the quarter, compared to analysts’ expectations of $28.38 billion. Kroger had a net margin of 2.57% and a return on equity of 23.50%. Kroger’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share. Research analysts anticipate that Kroger Co will post 2.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.33%. Kroger’s dividend payout ratio (DPR) is presently 26.54%.
In other news, insider Christopher T. Hjelm sold 18,564 shares of the company’s stock in a transaction on Friday, December 21st. The shares were sold at an average price of $28.25, for a total value of $524,433.00. Following the completion of the transaction, the insider now directly owns 262,727 shares in the company, valued at $7,422,037.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert D. Beyer sold 80,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $24.52, for a total transaction of $1,961,600.00. Following the completion of the transaction, the director now owns 126,800 shares of the company’s stock, valued at $3,109,136. The disclosure for this sale can be found here. Insiders sold 174,642 shares of company stock valued at $4,571,635 over the last 90 days. Insiders own 1.07% of the company’s stock.
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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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