Fideuram Asset Management Ireland dac purchased a new stake in The Kroger Co. (NYSE:KR – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 57,663 shares of the company’s stock, valued at approximately $3,970,000.
Several other institutional investors and hedge funds also recently modified their holdings of KR. Brighton Jones LLC lifted its holdings in shares of Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after purchasing an additional 3,373 shares in the last quarter. Woodline Partners LP raised its position in shares of Kroger by 40.7% in the first quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock valued at $3,807,000 after buying an additional 16,270 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Kroger in the second quarter valued at approximately $201,000. NewEdge Advisors LLC raised its position in shares of Kroger by 11.5% in the second quarter. NewEdge Advisors LLC now owns 97,288 shares of the company’s stock valued at $6,978,000 after buying an additional 10,051 shares during the last quarter. Finally, Nebula Research & Development LLC acquired a new position in shares of Kroger in the second quarter valued at approximately $1,840,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Kroger Stock Performance
Shares of KR stock opened at $63.65 on Friday. The Kroger Co. has a one year low of $58.60 and a one year high of $76.58. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.42 and a current ratio of 0.80. The company has a 50 day moving average price of $68.78 and a 200 day moving average price of $66.79. The firm has a market capitalization of $38.99 billion, a price-to-earnings ratio of 41.60, a price-to-earnings-growth ratio of 1.72 and a beta of 0.46.
Kroger Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.40 annualized dividend and a yield of 2.2%. Kroger’s dividend payout ratio is 91.50%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on KR shares. Erste Group Bank lowered shares of Kroger from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Kroger from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Barclays reissued a “positive” rating on shares of Kroger in a research report on Monday, February 9th. Morgan Stanley set a $73.00 price objective on shares of Kroger and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Finally, Guggenheim reissued a “buy” rating and issued a $78.00 price objective on shares of Kroger in a research report on Tuesday, February 10th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.87.
Check Out Our Latest Report on Kroger
About Kroger
The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.
In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.
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