WINTON GROUP Ltd grew its stake in shares of Kroger Co (NYSE:KR) by 70.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 332,752 shares of the company’s stock after acquiring an additional 137,028 shares during the quarter. WINTON GROUP Ltd’s holdings in Kroger were worth $9,686,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of The West grew its holdings in shares of Kroger by 9.6% during the 3rd quarter. Bank of The West now owns 72,363 shares of the company’s stock worth $2,106,000 after purchasing an additional 6,320 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Kroger by 112.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 176,302 shares of the company’s stock worth $5,132,000 after purchasing an additional 93,357 shares during the period. Advisory Services Network LLC grew its holdings in shares of Kroger by 294.1% during the 3rd quarter. Advisory Services Network LLC now owns 30,115 shares of the company’s stock worth $877,000 after purchasing an additional 22,473 shares during the period. Zions Bancorporation purchased a new stake in shares of Kroger during the 3rd quarter worth about $128,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Kroger by 101.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 77,022 shares of the company’s stock worth $2,243,000 after purchasing an additional 38,741 shares during the period. 78.76% of the stock is owned by institutional investors.
Kroger stock opened at $31.39 on Friday. The company has a market cap of $24.98 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.73 and a quick ratio of 0.26. Kroger Co has a 52 week low of $21.25 and a 52 week high of $32.74.
Kroger (NYSE:KR) last released its earnings results on Thursday, September 13th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The company had revenue of $27.87 billion during the quarter, compared to analysts’ expectations of $27.95 billion. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. As a group, analysts forecast that Kroger Co will post 2.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, November 14th. Kroger’s dividend payout ratio (DPR) is currently 27.45%.
KR has been the subject of a number of research reports. Zacks Investment Research upgraded Kroger from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Monday, July 16th. Northcoast Research restated a “buy” rating and issued a $36.00 price target on shares of Kroger in a report on Monday, July 23rd. Stephens set a $29.00 price target on Kroger and gave the stock a “hold” rating in a report on Friday, September 7th. Credit Suisse Group set a $33.00 price target on Kroger and gave the stock a “hold” rating in a report on Friday, September 7th. Finally, Wells Fargo & Co upped their price target on Kroger from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, September 10th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.40.
In other news, insider Erin S. Sharp sold 25,314 shares of the stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total transaction of $734,106.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Clyde R. Moore sold 13,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $29.06, for a total value of $377,780.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,575 shares of company stock valued at $1,422,559. Company insiders own 1.07% of the company’s stock.
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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