Kroger Co (KR) Position Cut by Sei Investments Co.
Sei Investments Co. reduced its holdings in shares of Kroger Co (NYSE:KR) by 11.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 369,646 shares of the company’s stock after selling 46,840 shares during the quarter. Sei Investments Co.’s holdings in Kroger were worth $10,146,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Bessemer Group Inc. increased its position in Kroger by 97.2% during the 4th quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock valued at $136,000 after buying an additional 2,455 shares in the last quarter. Gradient Investments LLC acquired a new position in Kroger during the 4th quarter valued at about $152,000. SeaCrest Wealth Management LLC acquired a new position in Kroger during the 4th quarter valued at about $162,000. Bronfman E.L. Rothschild L.P. increased its position in Kroger by 41.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,121 shares of the company’s stock valued at $168,000 after buying an additional 1,780 shares in the last quarter. Finally, Atlas Brown Inc. acquired a new position in Kroger during the 4th quarter valued at about $203,000. 79.05% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on KR shares. TheStreet raised Kroger from a “c+” rating to a “b” rating in a research report on Wednesday, December 27th. Citigroup upped their target price on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Moffett Nathanson started coverage on Kroger in a research report on Monday, December 4th. They set a “buy” rating on the stock. Pivotal Research set a $30.00 target price on Kroger and gave the company a “buy” rating in a research report on Saturday, December 2nd. Finally, Northcoast Research raised Kroger from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Seventeen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.52.
Kroger (NYSE:KR) last issued its earnings results 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 return on equity of 28.60% and a net margin of 1.31%. The firm had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.48 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue was up 4.5% compared to the same quarter last year. research analysts expect that Kroger Co will post 2.04 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders 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 1.82%. Kroger’s payout ratio is 29.76%.
In other Kroger news, insider Christopher T. Hjelm sold 8,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $30.64, for a total transaction of $245,120.00. Following the transaction, the insider now owns 251,784 shares in the company, valued at $7,714,661.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the transaction, the vice president now owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. Insiders sold 117,868 shares of company stock worth $3,403,416 in the last 90 days. Company insiders own 0.85% of the company’s stock.
Kroger Company Profile
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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