Kroger Co (KR) Short Interest Down 11.9% in January
Kroger Co (NYSE:KR) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 31,006,474 shares, a drop of 11.9% from the January 12th total of 35,185,542 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily volume of 11,105,010 shares, the short-interest ratio is currently 2.8 days.
In other Kroger news, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the transaction, the vice president now owns 25,956 shares of the company’s stock, valued at $664,733.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Joseph Donnelly sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $30.64, for a total transaction of $1,225,600.00. Following the transaction, the vice president now directly owns 319,124 shares of the company’s stock, valued at approximately $9,777,959.36. The disclosure for this sale can be found here. Insiders have sold 117,868 shares of company stock valued at $3,403,416 in the last ninety days. Insiders own 0.87% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Kroger by 22.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,618 shares of the company’s stock worth $264,000 after acquiring an additional 1,748 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Kroger by 41.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,121 shares of the company’s stock worth $168,000 after acquiring an additional 1,780 shares during the last quarter. Dowling & Yahnke LLC boosted its stake in shares of Kroger by 5.8% during the 4th quarter. Dowling & Yahnke LLC now owns 33,174 shares of the company’s stock worth $911,000 after acquiring an additional 1,805 shares during the last quarter. Benedict Financial Advisors Inc. boosted its stake in shares of Kroger by 9.4% during the 4th quarter. Benedict Financial Advisors Inc. now owns 21,501 shares of the company’s stock worth $590,000 after acquiring an additional 1,845 shares during the last quarter. Finally, Baker Ellis Asset Management LLC boosted its stake in shares of Kroger by 0.7% during the 4th quarter. Baker Ellis Asset Management LLC now owns 252,161 shares of the company’s stock worth $6,922,000 after acquiring an additional 1,875 shares during the last quarter. Institutional investors and hedge funds own 80.55% of the company’s stock.
Shares of Kroger (KR) opened at $28.40 on Thursday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. Kroger has a 1 year low of $19.69 and a 1 year high of $34.75. The company has a market cap of $25,030.00, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 4.43 and a beta of 0.96.
Kroger (NYSE:KR) last posted 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. The business had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. equities analysts expect that Kroger will post 2.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s dividend payout ratio is presently 29.76%.
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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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