Kemnay Advisory Services Inc. bought a new position in Kroger Co (NYSE:KR) in the third quarter, Holdings Channel reports. The firm bought 44,618 shares of the company’s stock, valued at approximately $1,299,000.

Other institutional investors also recently made changes to their positions in the company. Landaas & Co. WI ADV purchased a new position in Kroger during the 2nd quarter valued at $100,000. Lee Financial Co purchased a new position in Kroger during the 3rd quarter valued at $101,000. CSat Investment Advisory L.P. purchased a new position in Kroger during the 2nd quarter valued at $109,000. Bridgeworth LLC purchased a new position in Kroger during the 2nd quarter valued at $109,000. Finally, Zions Bancorporation purchased a new position in Kroger during the 3rd quarter valued at $128,000. Hedge funds and other institutional investors own 79.94% of the company’s stock.

A number of research firms recently issued reports on KR. Pivotal Research restated a “hold” rating and set a $31.00 price objective on shares of Kroger in a report on Tuesday. Wells Fargo & Co boosted their price objective on Kroger from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, September 10th. Telsey Advisory Group restated a “market perform” rating on shares of Kroger in a report on Thursday, September 13th. Credit Suisse Group dropped their price objective on Kroger from $33.00 to $32.00 and set an “outperform” rating for the company in a report on Friday, September 14th. Finally, Deutsche Bank lowered Kroger from a “hold” rating to a “sell” rating and decreased their target price for the company from $30.00 to $24.00 in a research report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.11.

Shares of NYSE KR opened at $29.56 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.73 and a quick ratio of 0.26. The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 2.01 and a beta of 0.79. Kroger Co has a twelve month low of $22.85 and a twelve month high of $32.74.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, December 6th. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The firm had revenue of $27.67 billion during the quarter, compared to analyst estimates of $27.64 billion. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. Research analysts expect that Kroger Co will post 2.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Wednesday, November 14th. Kroger’s payout ratio is 27.45%.

In other news, insider Mary Ellen Adcock sold 1,850 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $31.21, for a total value of $57,738.50. Following the completion of the transaction, the insider now directly owns 97,119 shares of the company’s stock, valued at approximately $3,031,083.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Erin S. Sharp sold 25,314 shares of the business’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total value of $734,106.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,425 shares of company stock valued at $1,480,298. Corporate insiders own 1.07% of the company’s stock.

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About Kroger

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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