Nissay Asset Management Corp Japan ADV Reduces Holdings in Kroger Co (KR)

Nissay Asset Management Corp Japan ADV cut its position in Kroger Co (NYSE:KR) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,553 shares of the company’s stock after selling 6,793 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Kroger were worth $2,720,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KR. Oregon Public Employees Retirement Fund raised its position in Kroger by 3,790.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,012,258 shares of the company’s stock valued at $473,000 after purchasing an additional 12,677,827 shares during the last quarter. Norges Bank bought a new position in Kroger in the fourth quarter valued at about $221,584,000. BlackRock Inc. raised its position in Kroger by 4.7% in the fourth quarter. BlackRock Inc. now owns 57,852,610 shares of the company’s stock valued at $1,590,947,000 after purchasing an additional 2,587,501 shares during the last quarter. FMR LLC raised its position in Kroger by 13.2% in the fourth quarter. FMR LLC now owns 21,333,814 shares of the company’s stock valued at $586,680,000 after purchasing an additional 2,485,028 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Kroger by 28.1% in the first quarter. Victory Capital Management Inc. now owns 8,212,249 shares of the company’s stock valued at $202,022,000 after purchasing an additional 1,800,051 shares during the last quarter. Hedge funds and other institutional investors own 83.32% of the company’s stock.

NYSE KR opened at $25.25 on Thursday. Kroger Co has a one year low of $23.52 and a one year high of $32.74. The company has a market cap of $20.13 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64. The company has a quick ratio of 0.28, a current ratio of 0.76 and a debt-to-equity ratio of 1.54.

Kroger (NYSE:KR) last released its earnings results on Thursday, March 7th. The company reported $0.48 EPS for the quarter, missing the 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 business had revenue of $28.09 billion for the quarter, compared to analyst estimates of $28.38 billion. During the same period in the prior year, the business earned $0.63 EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, research analysts predict that Kroger Co will post 2.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.56 annualized dividend and a yield of 2.22%. Kroger’s dividend payout ratio is currently 26.54%.

In other Kroger news, Director Robert D. Beyer sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $24.52, for a total value of $1,961,600.00. Following the completion of the sale, the director now owns 126,800 shares of the company’s stock, valued at $3,109,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael Joseph Donnelly sold 10,916 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $25.83, for a total value of $281,960.28. Following the completion of the sale, the vice president now directly owns 351,095 shares of the company’s stock, valued at approximately $9,068,783.85. The disclosure for this sale can be found here. Insiders have sold 108,416 shares of company stock valued at $2,694,175 in the last ninety days. 1.07% of the stock is currently owned by insiders.

KR has been the subject of a number of analyst reports. Zacks Investment Research upgraded 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, February 5th. Buckingham Research initiated coverage on Kroger in a research report on Thursday, February 7th. They set an “underperform” rating and a $28.18 price objective for the company. Telsey Advisory Group restated a “market perform” rating and set a $29.00 price objective (down from $31.00) on shares of Kroger in a research report on Friday, March 8th. Credit Suisse Group lowered their price objective on Kroger from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 8th. Finally, Morgan Stanley lowered 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. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.33.

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Kroger Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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