Asset Management One Co. Ltd. Reduces Stock Position in The Kroger Co. (NYSE:KR)

Asset Management One Co. Ltd. reduced its holdings in shares of The Kroger Co. (NYSE:KRGet Rating) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,292 shares of the company’s stock after selling 17,536 shares during the quarter. Asset Management One Co. Ltd. owned about 0.07% of Kroger worth $20,444,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Synovus Financial Corp grew its holdings in shares of Kroger by 6.3% during the 1st quarter. Synovus Financial Corp now owns 12,869 shares of the company’s stock valued at $739,000 after purchasing an additional 764 shares during the last quarter. Cibc World Market Inc. grew its holdings in Kroger by 30.2% in the 1st quarter. Cibc World Market Inc. now owns 29,150 shares of the company’s stock worth $1,672,000 after acquiring an additional 6,764 shares during the last quarter. Blair William & Co. IL grew its holdings in Kroger by 7.1% in the 1st quarter. Blair William & Co. IL now owns 14,673 shares of the company’s stock worth $842,000 after acquiring an additional 974 shares during the last quarter. Prudential PLC bought a new stake in Kroger in the 1st quarter worth $1,443,000. Finally, Moors & Cabot Inc. grew its holdings in Kroger by 3.6% in the 1st quarter. Moors & Cabot Inc. now owns 7,703 shares of the company’s stock worth $442,000 after acquiring an additional 269 shares during the last quarter. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Stock Performance

Shares of Kroger stock opened at $44.26 on Wednesday. The Kroger Co. has a one year low of $41.81 and a one year high of $62.78. The company has a market cap of $31.68 billion, a PE ratio of 13.83, a P/E/G ratio of 1.77 and a beta of 0.52. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.27 and a current ratio of 0.76. The business has a 50-day simple moving average of $46.09 and a 200-day simple moving average of $46.52.

Kroger (NYSE:KRGet Rating) last posted its earnings results on Thursday, December 1st. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. Kroger had a return on equity of 31.92% and a net margin of 1.61%. The firm had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.92 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that The Kroger Co. will post 4.13 EPS for the current fiscal year.

Kroger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.35%. The ex-dividend date is Tuesday, February 14th. Kroger’s dividend payout ratio (DPR) is 32.50%.

Insider Activity

In related news, VP Carin L. Fike sold 5,779 shares of the stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $47.72, for a total transaction of $275,773.88. Following the transaction, the vice president now directly owns 5,320 shares in the company, valued at $253,870.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Mary Ellen Adcock sold 43,000 shares of the stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $44.27, for a total value of $1,903,610.00. Following the completion of the sale, the senior vice president now owns 135,611 shares in the company, valued at $6,003,498.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Carin L. Fike sold 5,779 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $47.72, for a total value of $275,773.88. Following the completion of the sale, the vice president now owns 5,320 shares of the company’s stock, valued at approximately $253,870.40. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KR shares. UBS Group cut their price target on shares of Kroger from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Friday, December 2nd. MKM Partners dropped their target price on shares of Kroger from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Monday, December 5th. BNP Paribas raised shares of Kroger from a “neutral” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Monday, October 10th. Evercore ISI raised shares of Kroger from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $49.00 to $56.00 in a research report on Wednesday, November 9th. Finally, Northcoast Research cut shares of Kroger from a “buy” rating to a “neutral” rating in a research report on Monday, October 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $53.50.

Kroger Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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