AGF Investments LLC Has $1.08 Million Position in The Kroger Co. (NYSE:KR)

AGF Investments LLC lessened its holdings in shares of The Kroger Co. (NYSE:KR) by 11.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 26,725 shares of the company’s stock after selling 3,531 shares during the period. Kroger accounts for 0.1% of AGF Investments LLC’s portfolio, making the stock its 25th largest position. AGF Investments LLC’s holdings in Kroger were worth $1,080,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Total Clarity Wealth Management Inc. bought a new stake in Kroger during the 3rd quarter worth about $32,000. D Orazio & Associates Inc. bought a new stake in Kroger during the 3rd quarter worth about $35,000. Financial Insights Inc. acquired a new position in shares of Kroger during the 2nd quarter worth about $38,000. Destiny Wealth Partners LLC acquired a new position in shares of Kroger during the 3rd quarter worth about $56,000. Finally, Mascoma Wealth Management LLC acquired a new position in shares of Kroger during the 3rd quarter worth about $57,000. 80.64% of the stock is owned by institutional investors.

In related news, SVP Calvin J. Kaufman sold 16,288 shares of the firm’s stock in a transaction on Tuesday, December 28th. The shares were sold at an average price of $44.25, for a total value of $720,744.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stuart Aitken sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 16th. The shares were sold at an average price of $46.01, for a total transaction of $920,200.00. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.

A number of brokerages have issued reports on KR. Telsey Advisory Group increased their target price on shares of Kroger from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, December 3rd. BMO Capital Markets raised their price target on shares of Kroger from $39.00 to $41.00 and gave the company a “market perform” rating in a research note on Friday, December 3rd. Zacks Investment Research cut shares of Kroger from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a research report on Monday, November 15th. MKM Partners increased their price objective on shares of Kroger from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, December 3rd. Finally, Guggenheim increased their price objective on shares of Kroger from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, December 3rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.50.

NYSE:KR opened at $49.12 on Friday. The firm’s 50-day moving average price is $44.25 and its 200-day moving average price is $42.37. The company has a market capitalization of $36.12 billion, a PE ratio of 36.93, a P/E/G ratio of 1.69 and a beta of 0.44. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.80 and a quick ratio of 0.35. The Kroger Co. has a 1-year low of $32.00 and a 1-year high of $50.15.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, December 2nd. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.11. The company had revenue of $31.86 billion for the quarter, compared to the consensus estimate of $31.22 billion. Kroger had a net margin of 0.75% and a return on equity of 29.28%. Kroger’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. Equities analysts anticipate that The Kroger Co. will post 3.49 EPS for the current fiscal year.

Kroger Profile

The Kroger Co engages in the operation of supermarkets and multi-department stores. Its brands include Big K, Check This Out…, Heritage Farm, Simple Truth, and Simple Truth Organic. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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