USS Investment Management Ltd bought a new stake in Kroger Co (NYSE:KR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,036,600 shares of the company’s stock, valued at approximately $28,470,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Peapack Gladstone Financial Corp grew its position in Kroger by 1.4% in the second quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock valued at $265,000 after acquiring an additional 154 shares during the last quarter. Pettyjohn Wood & White Inc. grew its position in Kroger by 0.4% in the second quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock valued at $1,217,000 after acquiring an additional 191 shares during the last quarter. Bank of Hawaii grew its holdings in shares of Kroger by 2.5% during the second quarter. Bank of Hawaii now owns 20,872 shares of the company’s stock worth $487,000 after purchasing an additional 509 shares during the last quarter. Zurich Insurance Group Ltd FI grew its holdings in shares of Kroger by 0.4% during the second quarter. Zurich Insurance Group Ltd FI now owns 152,259 shares of the company’s stock worth $3,551,000 after purchasing an additional 645 shares during the last quarter. Finally, Zacks Investment Management grew its holdings in shares of Kroger by 0.9% during the second quarter. Zacks Investment Management now owns 104,031 shares of the company’s stock worth $2,426,000 after purchasing an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 79.59% of the company’s stock.

In related news, 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 value of $39,388.18. Following the transaction, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Michael Joseph Donnelly sold 15,400 shares of Kroger stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $27.66, for a total value of $425,964.00. Following the completion of the transaction, the chief operating officer now directly owns 290,353 shares in the company, valued at $8,031,163.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,868 shares of company stock worth $1,607,426. 0.87% of the stock is owned by insiders.

Kroger Co (NYSE:KR) traded up $0.06 during trading on Tuesday, hitting $28.14. The company had a trading volume of 10,081,600 shares, compared to its average volume of 10,221,756. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. The firm has a market capitalization of $24,960.00, a price-to-earnings ratio of 16.75, a P/E/G ratio of 3.70 and a beta of 0.93. Kroger Co has a one year low of $19.69 and a one year high of $34.99.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. analysts predict that Kroger Co will post 2.04 EPS for the current year.

Several analysts have recently weighed in on the company. Jefferies Group upgraded Kroger from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.98 to $33.00 in a report on Friday, January 5th. Zacks Investment Research cut Kroger from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine cut Kroger from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. TheStreet upgraded Kroger from a “c+” rating to a “b” rating in a report on Wednesday, December 27th. Finally, Citigroup boosted their price target on Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. Seventeen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.80.

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Kroger 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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