Cognios Capital LLC Takes Position in Kroger Co (KR)
Cognios Capital LLC purchased a new position in Kroger Co (NYSE:KR) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 32,341 shares of the company’s stock, valued at approximately $887,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Kroger by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,870,501 shares of the company’s stock worth $66,939,000 after purchasing an additional 95,123 shares in the last quarter. AHL Partners LLP increased its stake in shares of Kroger by 396.8% in the second quarter. AHL Partners LLP now owns 39,901 shares of the company’s stock worth $931,000 after purchasing an additional 31,869 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of Kroger in the second quarter worth $214,000. Sterneck Capital Management LLC purchased a new stake in shares of Kroger in the second quarter worth $240,000. Finally, Covington Capital Management increased its stake in shares of Kroger by 15.8% in the second quarter. Covington Capital Management now owns 10,975 shares of the company’s stock worth $256,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 79.59% of the company’s stock.
A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Kroger from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday. ValuEngine cut shares of Kroger from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BMO Capital Markets set a $31.00 price objective on shares of Kroger and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Pivotal Research set a $30.00 price objective on shares of Kroger and gave the stock a “buy” rating in a research note on Saturday, December 2nd. Finally, Stephens set a $29.00 target price on shares of Kroger and gave the company a “hold” rating in a research note on Tuesday, January 16th. Seventeen investment 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 company presently has a consensus rating of “Hold” and a consensus target price of $29.52.
Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same period last year, the company posted $0.41 EPS. The business’s revenue was up 4.5% on a year-over-year basis. sell-side analysts anticipate that Kroger Co will post 2.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.81%. Kroger’s payout ratio is currently 29.76%.
In other Kroger news, insider Christopher T. Hjelm sold 8,000 shares of Kroger stock in a transaction on Monday, January 29th. The shares were sold at an average price of $30.64, for a total value of $245,120.00. Following the completion of the transaction, the insider now directly owns 251,784 shares of the company’s stock, valued at approximately $7,714,661.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Joseph Donnelly sold 15,400 shares of Kroger stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $27.66, for a total transaction of $425,964.00. Following the completion of the transaction, the chief operating officer now directly owns 290,353 shares of the company’s stock, valued at $8,031,163.98. The disclosure for this sale can be found here. Insiders sold a total of 117,868 shares of company stock valued at $3,403,416 over the last three months. Corporate insiders own 0.85% of the company’s stock.
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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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