Parametric Portfolio Associates LLC Has $103.21 Million Position in Kroger Co (KR)
Parametric Portfolio Associates LLC increased its stake in Kroger Co (NYSE:KR) by 19.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,145,254 shares of the company’s stock after purchasing an additional 843,047 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.58% of Kroger worth $103,214,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Kroger by 497.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after buying an additional 4,390 shares during the last quarter. Frontier Investment Mgmt Co. lifted its holdings in shares of Kroger by 107.2% during the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock worth $1,169,000 after buying an additional 25,940 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of Kroger by 66.3% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock worth $1,776,000 after buying an additional 34,856 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Kroger by 10.0% during the third quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock worth $6,971,000 after buying an additional 31,561 shares during the last quarter. Finally, AMG National Trust Bank lifted its holdings in shares of Kroger by 107.3% during the second quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock worth $1,629,000 after buying an additional 36,164 shares during the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.
Shares of Kroger Co (NYSE KR) opened at $26.45 on Friday. Kroger Co has a 1 year low of $19.69 and a 1 year high of $36.44. The firm has a market capitalization of $23,312.03, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 3.52 and a beta of 0.92. 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 (NYSE:KR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating 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 analysts’ expectations of $27.48 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. equities research analysts anticipate that Kroger Co will post 2.01 EPS for the current fiscal year.
KR has been the subject of a number of research analyst reports. Royal Bank of Canada set a $34.00 price target on Kroger and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research lowered Kroger from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Oppenheimer lowered Kroger to a “market perform” rating and cut their target price for the company from $28.00 to $23.00 in a research note on Friday, September 8th. Pivotal Research set a $30.00 target price on Kroger and gave the company a “buy” rating in a research note on Saturday, December 2nd. Finally, Jefferies Group restated a “hold” rating on shares of Kroger in a research note on Friday, August 25th. Seventeen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $28.93.
In other news, Director Jorge P. Montoya sold 10,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $26.98, for a total transaction of $269,800.00. Following the sale, the director now owns 108,910 shares in the company, valued at $2,938,391.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the stock in a transaction 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 sale, 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. Corporate insiders own 0.85% of the company’s stock.
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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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