Guggenheim Capital LLC lowered its holdings in Kroger Co (NYSE:KR) by 7.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,605,386 shares of the company’s stock after selling 203,837 shares during the period. Guggenheim Capital LLC owned approximately 0.30% of Kroger worth $71,517,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in KR. Northwestern Mutual Wealth Management Co. lifted its stake in Kroger by 22.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,618 shares of the company’s stock worth $264,000 after acquiring an additional 1,748 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Kroger by 41.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,121 shares of the company’s stock worth $168,000 after acquiring an additional 1,780 shares during the last quarter. Dowling & Yahnke LLC lifted its stake in Kroger by 5.8% in the fourth quarter. Dowling & Yahnke LLC now owns 33,174 shares of the company’s stock worth $911,000 after acquiring an additional 1,805 shares during the last quarter. Benedict Financial Advisors Inc. lifted its stake in Kroger by 9.4% in the fourth quarter. Benedict Financial Advisors Inc. now owns 21,501 shares of the company’s stock worth $590,000 after acquiring an additional 1,845 shares during the last quarter. Finally, Baker Ellis Asset Management LLC lifted its stake in Kroger by 0.7% in the fourth quarter. Baker Ellis Asset Management LLC now owns 252,161 shares of the company’s stock worth $6,922,000 after acquiring an additional 1,875 shares during the last quarter. Hedge funds and other institutional investors own 75.78% of the company’s stock.
Shares of Kroger Co (NYSE KR) opened at $24.08 on Monday. Kroger Co has a 12-month low of $19.69 and a 12-month high of $31.45. The company has a market cap of $21,223.19, a price-to-earnings ratio of 11.80, a P/E/G ratio of 3.90 and a beta of 1.02. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.78 and a quick ratio of 0.32.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.50 annualized dividend and a yield of 2.08%. Kroger’s dividend payout ratio (DPR) is 23.70%.
A number of research analysts recently issued reports on KR shares. TheStreet upgraded shares of Kroger from a “c+” rating to a “b” rating in a research note on Wednesday, December 27th. Citigroup boosted their price objective on shares of Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, January 2nd. Moffett Nathanson initiated coverage on shares of Kroger in a research report on Monday, December 4th. They set a “buy” rating for the company. Finally, Pivotal Research set a $30.00 price objective on shares of Kroger and gave the stock a “buy” rating in a research report on Saturday, December 2nd. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.52.
In other Kroger news, VP Todd A. Foley sold 3,800 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $24.43, for a total value of $92,834.00. Following the transaction, the vice president now directly owns 31,273 shares of the company’s stock, valued at approximately $763,999.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher T. Hjelm sold 16,530 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $27.00, for a total transaction of $446,310.00. Following the completion of the transaction, the insider now directly owns 243,784 shares in the company, valued at $6,582,168. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,130 shares of company stock valued at $3,187,062. 0.87% of the stock is owned by insiders.
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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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