Victory Capital Management Inc. Grows Position in Kroger Co (KR)

Victory Capital Management Inc. lifted its holdings in Kroger Co (NYSE:KR) by 12.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,412,198 shares of the company’s stock after acquiring an additional 703,976 shares during the period. Victory Capital Management Inc. owned approximately 0.80% of Kroger worth $176,335,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Atlas Brown Inc. grew its stake in Kroger by 5.0% during the fourth quarter. Atlas Brown Inc. now owns 7,562 shares of the company’s stock worth $208,000 after buying an additional 361 shares in the last quarter. O Dell Group LLC grew its stake in Kroger by 4.5% during the fourth quarter. O Dell Group LLC now owns 9,094 shares of the company’s stock worth $250,000 after buying an additional 389 shares in the last quarter. Deane Retirement Strategies Inc. grew its stake in Kroger by 0.8% during the fourth quarter. Deane Retirement Strategies Inc. now owns 51,516 shares of the company’s stock worth $1,417,000 after buying an additional 392 shares in the last quarter. Horrell Capital Management Inc. grew its stake in Kroger by 0.9% during the fourth quarter. Horrell Capital Management Inc. now owns 62,058 shares of the company’s stock worth $1,707,000 after buying an additional 566 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its stake in Kroger by 0.6% during the third quarter. Great Lakes Advisors LLC now owns 102,351 shares of the company’s stock worth $2,979,000 after buying an additional 629 shares in the last quarter. Institutional investors and hedge funds own 81.46% of the company’s stock.

A number of equities research analysts have issued reports on KR shares. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Tuesday, February 5th. Stephens set a $30.00 price objective on shares of Kroger and gave the stock a “hold” rating in a research note on Friday, December 7th. Buckingham Research started coverage on shares of Kroger in a research note on Thursday, February 7th. They set an “underperform” rating and a $28.18 price objective on the stock. Loop Capital set a $30.00 price objective on shares of Kroger and gave the stock a “hold” rating in a research note on Friday, December 7th. Finally, Bank of America reiterated a “buy” rating and set a $37.00 price objective (up from $35.00) on shares of Kroger in a research note on Friday, December 7th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.27.

In related news, Director Robert D. Beyer sold 5,760 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $29.60, for a total value of $170,496.00. Following the completion of the transaction, the director now owns 262,560 shares in the company, valued at approximately $7,771,776. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert D. Beyer sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $27.39, for a total transaction of $1,369,500.00. Following the completion of the transaction, the director now owns 230,722 shares of the company’s stock, valued at approximately $6,319,475.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,848 shares of company stock valued at $4,605,898. 1.07% of the stock is owned by company insiders.

Shares of KR stock traded up $0.80 on Tuesday, reaching $28.36. The company had a trading volume of 1,774,607 shares, compared to its average volume of 5,940,189. The stock has a market capitalization of $22.20 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.82 and a beta of 0.73. The company has a current ratio of 0.73, a quick ratio of 0.25 and a debt-to-equity ratio of 1.53. Kroger Co has a one year low of $22.85 and a one year high of $32.74.

Kroger (NYSE:KR) last posted its earnings results on Thursday, December 6th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $27.67 billion during the quarter, compared to analysts’ expectations of $27.64 billion. Kroger had a net margin of 2.99% and a return on equity of 26.64%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, equities analysts predict that Kroger Co will post 2.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be issued a $0.14 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.97%. Kroger’s dividend payout ratio (DPR) is presently 27.45%.

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Kroger Profile

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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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