Trexquant Investment LP Raises Stake in Kroger Co (KR)
Trexquant Investment LP raised its holdings in shares of Kroger Co (NYSE:KR) by 74.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,544 shares of the company’s stock after acquiring an additional 36,444 shares during the quarter. Trexquant Investment LP’s holdings in Kroger were worth $1,716,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Kroger by 1.2% in the second quarter. Vanguard Group Inc. now owns 69,201,771 shares of the company’s stock valued at $1,613,786,000 after buying an additional 852,864 shares in the last quarter. FMR LLC grew its stake in shares of Kroger by 17.7% in the second quarter. FMR LLC now owns 49,409,616 shares of the company’s stock valued at $1,152,232,000 after buying an additional 7,446,349 shares in the last quarter. State Street Corp grew its stake in shares of Kroger by 0.3% in the second quarter. State Street Corp now owns 39,414,284 shares of the company’s stock valued at $919,140,000 after buying an additional 100,796 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Kroger by 8.2% in the second quarter. Franklin Resources Inc. now owns 12,045,681 shares of the company’s stock valued at $280,904,000 after buying an additional 908,078 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Kroger by 6,611.2% in the second quarter. Janus Henderson Group PLC now owns 8,260,260 shares of the company’s stock valued at $192,630,000 after buying an additional 8,137,179 shares in the last quarter. 75.76% of the stock is owned by institutional investors.
KR has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $34.00 price objective on shares of Kroger and gave the stock a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research cut shares of Kroger from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Oppenheimer Holdings, Inc. cut shares of Kroger to a “market perform” rating and reduced their price objective for the stock from $28.00 to $23.00 in a research report on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Kroger in a research report on Friday, August 25th. Finally, Northcoast Research raised shares of Kroger from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Nineteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger has an average rating of “Hold” and a consensus target price of $29.10.
Kroger Co (NYSE:KR) traded down $0.16 during mid-day trading on Monday, reaching $22.98. The company had a trading volume of 3,379,800 shares, compared to its average volume of 12,069,953. The firm has a market capitalization of $20,441.21, a P/E ratio of 12.03, a PEG ratio of 2.88 and a beta of 0.82. Kroger Co has a fifty-two week low of $19.69 and a fifty-two week high of $36.44. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.33 and a current ratio of 0.87.
Kroger (NYSE:KR) last posted its quarterly earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business had revenue of $27.60 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a return on equity of 28.04% and a net margin of 1.32%. Kroger’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. analysts anticipate that Kroger Co will post 1.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 30.30%.
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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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