Foundry Partners LLC grew its stake in shares of Kroger Co (NYSE:KR) by 0.5% in the first quarter, HoldingsChannel.com reports. The fund owned 328,070 shares of the company’s stock after purchasing an additional 1,625 shares during the period. Foundry Partners LLC’s holdings in Kroger were worth $8,071,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of KR. Vanguard Group Inc increased its stake in shares of Kroger by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 65,890,150 shares of the company’s stock worth $1,918,063,000 after purchasing an additional 660,052 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Kroger by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 65,890,150 shares of the company’s stock worth $1,918,063,000 after purchasing an additional 660,052 shares in the last quarter. BlackRock Inc. increased its stake in shares of Kroger by 4.7% during the 4th quarter. BlackRock Inc. now owns 57,852,610 shares of the company’s stock worth $1,590,947,000 after purchasing an additional 2,587,501 shares in the last quarter. FMR LLC increased its stake in shares of Kroger by 13.2% during the 4th quarter. FMR LLC now owns 21,333,814 shares of the company’s stock worth $586,680,000 after purchasing an additional 2,485,028 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of Kroger by 1.9% during the 4th quarter. LSV Asset Management now owns 20,050,668 shares of the company’s stock worth $551,393,000 after purchasing an additional 381,847 shares in the last quarter. Institutional investors own 82.20% of the company’s stock.

In other Kroger news, EVP Christopher T. Hjelm sold 16,000 shares of Kroger stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $25.80, for a total value of $412,800.00. Following the completion of the sale, the executive vice president now directly owns 282,429 shares of the company’s stock, valued at approximately $7,286,668.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert D. Beyer sold 80,000 shares of Kroger stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $24.52, for a total transaction of $1,961,600.00. Following the completion of the sale, the director now directly owns 126,800 shares of the company’s stock, valued at $3,109,136. The disclosure for this sale can be found here. 1.07% of the stock is currently owned by insiders.

KR has been the subject of a number of recent research reports. Buckingham Research dropped their price objective on shares of Kroger from $24.00 to $22.00 and set an “underperform” rating for the company in a research note on Friday, March 8th. ValuEngine cut shares of Kroger from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Pivotal Research reissued a “hold” rating and set a $26.00 price objective (down from $31.00) on shares of Kroger in a research note on Friday, March 8th. Scotiabank set a $32.00 price objective on shares of Kroger and gave the stock a “buy” rating in a research note on Friday, March 8th. Finally, Morgan Stanley dropped their price objective on shares of Kroger from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 8th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.33.

KR stock opened at $25.50 on Tuesday. The company has a market capitalization of $20.41 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.76 and a quick ratio of 0.28. Kroger Co has a one year low of $23.52 and a one year high of $32.74.

Kroger (NYSE:KR) last released its earnings results on Thursday, March 7th. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.03). The firm had revenue of $28.09 billion during the quarter, compared to analysts’ expectations of $28.38 billion. Kroger had a return on equity of 23.50% and a net margin of 2.57%. The firm’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. As a group, sell-side analysts expect that Kroger Co will post 2.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.56 annualized dividend and a yield of 2.20%. Kroger’s payout ratio is currently 26.54%.

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Kroger 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.

Further Reading: What are Institutional Investors?

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Co (NYSE:KR).

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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