BKS Advisors LLC Lowers Stake in Kroger Co (KR)

BKS Advisors LLC lessened its holdings in Kroger Co (NYSE:KR) by 17.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,800 shares of the company’s stock after selling 2,750 shares during the period. BKS Advisors LLC’s holdings in Kroger were worth $315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lavaca Capital LLC purchased a new stake in shares of Kroger in the 1st quarter worth approximately $25,000. Doyle Wealth Management purchased a new stake in shares of Kroger in the 4th quarter worth approximately $26,000. Riverview Trust Co purchased a new stake in shares of Kroger in the 4th quarter worth approximately $26,000. Lindbrook Capital LLC purchased a new stake in shares of Kroger in the 4th quarter worth approximately $32,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Kroger in the 4th quarter worth approximately $33,000. 82.20% of the stock is owned by hedge funds and other institutional investors.

KR has been the subject of several research reports. Scotiabank set a $32.00 price target on shares of Kroger and gave the stock a “buy” rating in a research report on Friday, March 8th. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, February 5th. Morgan Stanley reduced their price objective on shares of Kroger from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 8th. ValuEngine upgraded shares of Kroger from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Pivotal Research reiterated a “hold” rating and set a $26.00 price objective (down previously from $31.00) on shares of Kroger in a research note on Friday, March 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Kroger presently has a consensus rating of “Hold” and a consensus target price of $30.33.

NYSE KR opened at $25.57 on Wednesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.76 and a quick ratio of 0.28. The company has a market cap of $20.42 billion, a P/E ratio of 12.12, a PEG ratio of 1.54 and a beta of 0.64. Kroger Co has a 52 week low of $23.52 and a 52 week high of $32.74.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). Kroger had a return on equity of 23.50% and a net margin of 2.57%. The firm had revenue of $28.09 billion for the quarter, compared to the consensus estimate of $28.38 billion. During the same quarter last year, the firm earned $0.63 EPS. The company’s revenue was down 9.5% compared to the same quarter last year. Research analysts forecast that Kroger Co will post 2.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, May 14th. Kroger’s dividend payout ratio (DPR) is 26.54%.

In other news, Director Robert D. Beyer sold 80,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $24.52, for a total value of $1,961,600.00. Following the completion of the sale, the director now directly owns 126,800 shares in the company, valued at $3,109,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.07% of the stock is owned by corporate insiders.

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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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