Kroger Company (The) (KR) Stake Raised by Horan Capital Advisors LLC.
Horan Capital Advisors LLC. boosted its position in Kroger Company (The) (NYSE:KR) by 12.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,841 shares of the company’s stock after buying an additional 6,085 shares during the period. Horan Capital Advisors LLC.’s holdings in Kroger Company (The) were worth $1,326,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC bought a new stake in shares of Kroger Company (The) during the first quarter worth about $102,000. Dupont Capital Management Corp bought a new stake in shares of Kroger Company (The) during the second quarter worth about $105,000. Advantage Investment Management LLC raised its stake in shares of Kroger Company (The) by 15.8% in the first quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock worth $109,000 after buying an additional 502 shares during the period. Cedar Wealth Management LLC raised its stake in shares of Kroger Company (The) by 155.9% in the second quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock worth $116,000 after buying an additional 3,040 shares during the period. Finally, CWM LLC raised its stake in shares of Kroger Company (The) by 1,162.2% in the second quarter. CWM LLC now owns 5,213 shares of the company’s stock worth $122,000 after buying an additional 4,800 shares during the period. 77.33% of the stock is owned by hedge funds and other institutional investors.
Shares of Kroger Company (NYSE:KR) opened at 23.58 on Tuesday. Kroger Company has a 12 month low of $20.46 and a 12 month high of $36.44. The stock’s 50 day moving average is $23.46 and its 200 day moving average is $28.27. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 14.20 and a beta of 0.76.
Kroger Company (The) (NYSE:KR) last issued its quarterly earnings data on Thursday, June 15th. The company reported $0.58 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. Kroger Company (The) had a net margin of 1.35% and a return on equity of 29.10%. The company had revenue of $36.29 billion for the quarter, compared to analyst estimates of $35.69 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that Kroger Company will post $1.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.12%. This is a positive change from Kroger Company (The)’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, August 11th. Kroger Company (The)’s dividend payout ratio (DPR) is currently 28.92%.
Kroger Company (The) announced that its Board of Directors has initiated a share repurchase program on Thursday, June 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
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A number of equities research analysts have issued reports on KR shares. Royal Bank Of Canada reissued a “buy” rating and set a $37.00 target price on shares of Kroger Company (The) in a research note on Friday, May 12th. Deutsche Bank AG reissued a “buy” rating on shares of Kroger Company (The) in a research note on Friday, May 12th. Vetr lowered shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $33.46 target price for the company. in a research note on Wednesday, May 10th. Wells Fargo & Company reissued a “buy” rating and set a $28.00 target price (down previously from $35.00) on shares of Kroger Company (The) in a research note on Monday, June 12th. Finally, Argus reissued a “buy” rating on shares of Kroger Company (The) in a research note on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Kroger Company (The) has an average rating of “Hold” and an average target price of $30.09.
In related news, Director Susan M. Phillips sold 6,200 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $21.17, for a total transaction of $131,254.00. Following the transaction, the director now directly owns 124,105 shares of the company’s stock, valued at $2,627,302.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider J Michael Schlotman purchased 2,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were acquired at an average cost of $22.73 per share, for a total transaction of $45,460.00. The disclosure for this purchase can be found here. 0.87% of the stock is currently owned by company insiders.
Kroger Company (The) 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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