Delek Group Ltd. reduced its stake in Kroger Co (NYSE:KR) by 97.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,000 shares of the company’s stock after selling 399,667 shares during the quarter. Delek Group Ltd.’s holdings in Kroger were worth $233,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in KR. Acadian Asset Management LLC raised its holdings in shares of Kroger by 272.8% in the second quarter. Acadian Asset Management LLC now owns 5,558 shares of the company’s stock worth $120,000 after acquiring an additional 4,067 shares during the last quarter. Sciencast Management LP purchased a new stake in shares of Kroger in the second quarter valued at $735,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Kroger by 24.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 133,206 shares of the company’s stock valued at $2,892,000 after purchasing an additional 25,884 shares during the period. BB&T Securities LLC grew its position in shares of Kroger by 20.1% in the second quarter. BB&T Securities LLC now owns 608,791 shares of the company’s stock valued at $13,216,000 after purchasing an additional 101,887 shares during the period. Finally, Banco Santander S.A. grew its position in shares of Kroger by 53.1% in the second quarter. Banco Santander S.A. now owns 21,309 shares of the company’s stock valued at $463,000 after purchasing an additional 7,388 shares during the period. Institutional investors own 80.64% of the company’s stock.
In other Kroger news, Director Ronald Sargent bought 5,000 shares of Kroger stock in a transaction dated Tuesday, July 2nd. The stock was bought at an average price of $21.49 per share, for a total transaction of $107,450.00. Following the completion of the acquisition, the director now directly owns 94,660 shares of the company’s stock, valued at $2,034,243.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP J Michael Schlotman sold 15,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $22.01, for a total value of $330,150.00. Following the sale, the executive vice president now owns 270,655 shares of the company’s stock, valued at $5,957,116.55. The disclosure for this sale can be found here. Insiders have sold a total of 43,600 shares of company stock valued at $955,450 in the last quarter. Insiders own 1.34% of the company’s stock.
Shares of KR stock opened at $25.75 on Friday. Kroger Co has a 12-month low of $20.70 and a 12-month high of $31.98. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.83 and a beta of 0.56. The business has a 50 day simple moving average of $23.07 and a 200 day simple moving average of $23.97. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.75 and a quick ratio of 0.25.
Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, September 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $28.17 billion during the quarter, compared to analyst estimates of $28.34 billion. Kroger had a return on equity of 21.79% and a net margin of 1.54%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. On average, equities analysts anticipate that Kroger Co will post 2.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Wednesday, August 14th. This is an increase from Kroger’s previous quarterly dividend of $0.14. Kroger’s dividend payout ratio is 30.33%.
A number of brokerages have recently commented on KR. UBS Group lifted their price objective on Kroger from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.00 target price (up previously from $24.00) on shares of Kroger in a research report on Wednesday, September 4th. Guggenheim set a $26.00 target price on Kroger and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. ValuEngine raised Kroger from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Bank of America cut their price target on Kroger from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $27.94.
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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