QS Investors LLC lessened its stake in shares of Kroger Co (NYSE:KR) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 297,168 shares of the company’s stock after selling 43,330 shares during the quarter. QS Investors LLC’s holdings in Kroger were worth $8,173,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Doyle Wealth Management bought a new stake in Kroger during the 4th quarter valued at approximately $26,000. Riverview Trust Co bought a new stake in Kroger during the 4th quarter valued at approximately $26,000. Lindbrook Capital LLC bought a new stake in Kroger during the 4th quarter valued at approximately $32,000. Financial Gravity Companies Inc. bought a new stake in Kroger during the 4th quarter valued at approximately $33,000. Finally, Synovus Financial Corp boosted its stake in Kroger by 263.9% during the 4th quarter. Synovus Financial Corp now owns 1,379 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 81.27% of the company’s stock.
In other news, Director Robert D. Beyer sold 26,078 shares of the stock in a transaction that occurred on Monday, December 31st. The stock was sold at an average price of $27.46, for a total value of $716,101.88. Following the completion of the transaction, the director now directly owns 230,722 shares of the company’s stock, valued at approximately $6,335,626.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert D. Beyer sold 50,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $27.39, for a total value of $1,369,500.00. Following the completion of the transaction, the director now directly owns 230,722 shares of the company’s stock, valued at $6,319,475.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,188 shares of company stock valued at $3,202,992. 1.07% of the stock is currently owned by insiders.
Shares of KR opened at $24.63 on Friday. Kroger Co has a 1 year low of $23.05 and a 1 year high of $32.74. The company has a quick ratio of 0.28, a current ratio of 0.76 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $19.73 billion, a PE ratio of 11.67, a P/E/G ratio of 1.46 and a beta of 0.66.
Kroger (NYSE:KR) last issued its earnings results on Thursday, March 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.03). Kroger had a return on equity of 23.50% and a net margin of 2.57%. The company had revenue of $28.09 billion during the quarter, compared to analyst estimates of $28.38 billion. During the same period in the previous year, the company posted $0.63 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts expect that Kroger Co will post 2.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.27%. Kroger’s payout ratio is presently 26.54%.
KR has been the subject of several recent analyst 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 research note on Tuesday, February 5th. Stephens set a $30.00 price objective on Kroger and gave the stock a “hold” rating in a research report on Friday, December 7th. Morgan Stanley reduced their price objective on Kroger from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, March 8th. Buckingham Research started coverage on Kroger in a research report on Thursday, February 7th. They issued an “underperform” rating and a $28.18 price objective for the company. Finally, Loop Capital set a $30.00 price objective on Kroger and gave the stock a “hold” rating in a research report on Friday, December 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.53.
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Kroger Company 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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