Enlightenment Research LLC Takes $698,000 Position in Kroger Co (NYSE:KR)
Enlightenment Research LLC bought a new stake in Kroger Co (NYSE:KR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 31,600 shares of the company’s stock, valued at approximately $698,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Investment Advisors Ltd. acquired a new stake in shares of Kroger in the 1st quarter valued at about $25,000. Motco acquired a new stake in shares of Kroger in the 1st quarter valued at about $28,000. TRUE Private Wealth Advisors acquired a new stake in shares of Kroger in the 2nd quarter valued at about $26,000. Sageworth Trust Co acquired a new stake in shares of Kroger in the 2nd quarter valued at about $33,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Kroger in the 1st quarter valued at about $38,000. Institutional investors own 80.31% of the company’s stock.
Shares of NYSE KR opened at $22.91 on Wednesday. Kroger Co has a twelve month low of $20.70 and a twelve month high of $32.74. The stock’s 50 day moving average price is $22.01 and its 200-day moving average price is $24.46. The company has a market capitalization of $18.10 billion, a PE ratio of 10.86, a PEG ratio of 1.60 and a beta of 0.62. The company has a quick ratio of 0.25, a current ratio of 0.75 and a debt-to-equity ratio of 2.16.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Wednesday, August 14th. This is an increase from Kroger’s previous quarterly dividend of $0.14. Kroger’s payout ratio is presently 30.33%.
KR has been the subject of several research reports. Guggenheim reduced their target price on Kroger from $31.00 to $26.00 in a research note on Monday, June 24th. BMO Capital Markets reduced their target price on Kroger to $24.00 and set a “market perform” rating for the company in a research note on Tuesday, June 18th. Zacks Investment Research upgraded Kroger from a “sell” rating to a “hold” rating and set a $26.00 target price for the company in a research note on Friday, May 31st. TheStreet downgraded Kroger from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th. Finally, Pivotal Research upgraded Kroger from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, August 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Kroger currently has an average rating of “Hold” and an average target price of $28.61.
In other Kroger news, Director Ronald Sargent bought 5,000 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were purchased at an average price of $21.49 per share, for a total transaction of $107,450.00. Following the purchase, the director now directly owns 94,660 shares of the company’s stock, valued at $2,034,243.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen M. Mckinney sold 15,600 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $22.05, for a total value of $343,980.00. Following the completion of the transaction, the insider now owns 168,070 shares in the company, valued at approximately $3,705,943.50. The disclosure for this sale can be found here. Insiders sold a total of 43,600 shares of company stock worth $955,450 in the last 90 days. Company insiders own 1.34% of the company’s stock.
Kroger Company Profile
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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