Los Angeles Capital Management LLC Has $17.44 Million Position in The Kroger Co. (NYSE:KR)

Los Angeles Capital Management LLC lifted its holdings in The Kroger Co. (NYSE:KRGet Rating) by 7.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 304,038 shares of the company’s stock after purchasing an additional 21,524 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Kroger were worth $17,443,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Key Financial Inc increased its position in shares of Kroger by 81.6% during the first quarter. Key Financial Inc now owns 445 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Hoey Investments Inc. bought a new stake in shares of Kroger in the first quarter valued at about $29,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Kroger in the first quarter valued at about $29,000. JFS Wealth Advisors LLC boosted its position in shares of Kroger by 179.5% during the first quarter. JFS Wealth Advisors LLC now owns 531 shares of the company’s stock worth $30,000 after buying an additional 341 shares during the period. Finally, Okabena Investment Services Inc. bought a new position in shares of Kroger during the fourth quarter worth about $34,000. 81.52% of the stock is owned by institutional investors.

Kroger Stock Up 1.2 %

KR opened at $47.25 on Friday. The stock’s fifty day simple moving average is $48.47 and its 200 day simple moving average is $50.99. The Kroger Co. has a 1-year low of $38.22 and a 1-year high of $62.78. The stock has a market cap of $33.81 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.49. The company has a current ratio of 0.76, a quick ratio of 0.30 and a debt-to-equity ratio of 1.39.

Kroger (NYSE:KRGet Rating) last issued its quarterly earnings data on Thursday, June 16th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.17. Kroger had a net margin of 1.54% and a return on equity of 31.50%. The company had revenue of $44.60 billion for the quarter, compared to analyst estimates of $44.23 billion. During the same period in the prior year, the firm earned $1.19 earnings per share. As a group, research analysts expect that The Kroger Co. will post 3.92 earnings per share for the current year.

Kroger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, August 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from Kroger’s previous quarterly dividend of $0.21. Kroger’s dividend payout ratio (DPR) is 28.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Evercore ISI restated a “hold” rating and issued a $54.00 target price on shares of Kroger in a research note on Friday, June 17th. Bank of America raised shares of Kroger from a “neutral” rating to a “buy” rating and raised their target price for the company from $61.00 to $75.00 in a research report on Friday, April 8th. Morgan Stanley lifted their price target on shares of Kroger from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Friday, June 17th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kroger from $50.00 to $53.00 in a research note on Friday, June 17th. Finally, BNP Paribas raised Kroger from an “underperform” rating to a “neutral” rating and set a $60.00 target price on the stock in a research report on Friday, April 22nd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.22.

Kroger Profile

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The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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