Signet Financial Management LLC Has $2.23 Million Stake in Kroger Company (The) (KR)
Signet Financial Management LLC reduced its stake in shares of Kroger Company (The) (NYSE:KR) by 0.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,673 shares of the company’s stock after selling 41 shares during the quarter. Signet Financial Management LLC’s holdings in Kroger Company (The) were worth $2,231,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dupont Capital Management Corp bought a new position in shares of Kroger Company (The) in the second quarter worth $105,000. Cedar Wealth Management LLC raised its stake in Kroger Company (The) by 155.9% in the second quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock valued at $116,000 after purchasing an additional 3,040 shares in the last quarter. CWM LLC raised its stake in Kroger Company (The) by 1,162.2% in the second quarter. CWM LLC now owns 5,213 shares of the company’s stock valued at $122,000 after purchasing an additional 4,800 shares in the last quarter. Grove Bank & Trust raised its stake in Kroger Company (The) by 9.3% in the second quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock valued at $124,000 after purchasing an additional 450 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Kroger Company (The) 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 purchasing an additional 4,390 shares during the period. 75.83% of the stock is currently owned by institutional investors.
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Shares of Kroger Company (NYSE KR) traded up 0.170% during mid-day trading on Wednesday, reaching $20.595. 8,928,941 shares of the company’s stock were exchanged. The stock has a market cap of $18.32 billion, a PE ratio of 12.459 and a beta of 0.76. The company has a 50 day moving average price of $21.56 and a 200-day moving average price of $25.64. Kroger Company has a one year low of $19.69 and a one year high of $36.44.
Kroger Company (The) (NYSE:KR) last released its quarterly earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $27.60 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. Kroger Company (The)’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. On average, analysts predict that Kroger Company will post $1.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.43%. Kroger Company (The)’s dividend payout ratio is currently 30.30%.
Kroger Company (The) declared that its Board of Directors has approved a share repurchase plan on Thursday, June 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 4.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several equities analysts have recently issued reports on KR shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $28.00 price target on shares of Kroger Company (The) in a research note on Tuesday, September 5th. Deutsche Bank AG cut Kroger Company (The) from a “buy” rating to a “hold” rating and lowered their price target for the stock from $26.00 to $21.00 in a report on Monday, September 11th. Zacks Investment Research upgraded Kroger Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Royal Bank Of Canada set a $34.00 price objective on Kroger Company (The) and gave the stock a “buy” rating in a research report on Monday, August 28th. Finally, J P Morgan Chase & Co lowered Kroger Company (The) from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $34.00 to $24.00 in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Kroger Company (The) presently has an average rating of “Hold” and a consensus price target of $28.58.
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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