Miller Howard Investments Inc. NY bought a new stake in shares of Kroger Co (NYSE:KR) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 132,031 shares of the company’s stock, valued at approximately $3,404,000.

Other institutional investors have also added to or reduced their stakes in the company. TRUE Private Wealth Advisors bought a new position in Kroger during the second quarter worth $26,000. Sageworth Trust Co bought a new position in Kroger during the second quarter worth $33,000. Capital Investment Advisory Services LLC lifted its stake in Kroger by 57.2% during the second quarter. Capital Investment Advisory Services LLC now owns 1,787 shares of the company’s stock worth $37,000 after purchasing an additional 650 shares during the last quarter. Enterprise Financial Services Corp lifted its stake in Kroger by 151.6% during the second quarter. Enterprise Financial Services Corp now owns 1,935 shares of the company’s stock worth $41,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Citizens Financial Group Inc RI lifted its stake in Kroger by 141.8% during the second quarter. Citizens Financial Group Inc RI now owns 1,910 shares of the company’s stock worth $41,000 after purchasing an additional 1,120 shares during the last quarter. Institutional investors own 80.37% of the company’s stock.

Several equities analysts recently issued reports on KR shares. Citigroup reduced their price objective on Kroger from $30.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Jefferies Financial Group cut Kroger from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $29.00 to $26.00 in a research note on Thursday, October 10th. Telsey Advisory Group restated a “market perform” rating and set a $27.00 price objective (down from $29.00) on shares of Kroger in a research note on Friday, June 21st. Credit Suisse Group restated an “outperform” rating and set a $29.00 price objective (up from $27.00) on shares of Kroger in a research note on Friday, September 13th. Finally, ValuEngine upgraded Kroger from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Kroger has a consensus rating of “Hold” and an average target price of $27.39.

In related news, VP Carin L. Fike sold 4,000 shares of Kroger stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $26.19, for a total transaction of $104,760.00. Following the transaction, the vice president now directly owns 33,796 shares of the company’s stock, valued at $885,117.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Michael Joseph Donnelly sold 1,574 shares of Kroger stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $26.46, for a total value of $41,648.04. Following the transaction, the chief operating officer now directly owns 324,209 shares in the company, valued at $8,578,570.14. The disclosure for this sale can be found here. Insiders have sold 118,923 shares of company stock worth $3,106,189 over the last three months. Corporate insiders own 1.34% of the company’s stock.

Shares of KR traded down $0.04 during trading hours on Thursday, reaching $24.47. 186,089 shares of the company’s stock traded hands, compared to its average volume of 7,637,879. The firm has a market capitalization of $19.32 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.74 and a beta of 0.58. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.76 and a quick ratio of 0.27. Kroger Co has a twelve month low of $20.70 and a twelve month high of $31.98. The business’s fifty day simple moving average is $24.94 and its two-hundred day simple moving average is $23.85.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, September 12th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $28.17 billion for the quarter, compared to analyst estimates of $28.34 billion. Kroger had a return on equity of 21.17% and a net margin of 1.36%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. On average, equities research analysts expect that Kroger Co will post 2.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Thursday, November 14th. Kroger’s dividend payout ratio (DPR) is 30.33%.

Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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.

Read More: The limitations of an equal weight rating

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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