The Kroger Co. (NYSE:KR) Shares Sold by Rogco LP

Rogco LP cut its holdings in shares of The Kroger Co. (NYSE:KR) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,868 shares of the company’s stock after selling 500 shares during the period. Kroger accounts for about 2.3% of Rogco LP’s holdings, making the stock its 11th biggest position. Rogco LP’s holdings in Kroger were worth $5,894,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Valued Wealth Advisors LLC increased its stake in shares of Kroger by 255.6% during the first quarter. Valued Wealth Advisors LLC now owns 448 shares of the company’s stock worth $26,000 after acquiring an additional 322 shares during the period. Hexagon Capital Partners LLC boosted its position in Kroger by 101.6% during the first quarter. Hexagon Capital Partners LLC now owns 496 shares of the company’s stock worth $28,000 after purchasing an additional 250 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in Kroger in the second quarter valued at $28,000. Palisade Asset Management LLC purchased a new position in shares of Kroger in the first quarter valued at $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Kroger during the 1st quarter worth $34,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BNP Paribas assumed coverage on Kroger in a report on Friday, October 18th. They issued a “neutral” rating and a $56.00 price target for the company. StockNews.com downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 16th. Melius Research started coverage on shares of Kroger in a research note on Monday, September 23rd. They issued a “hold” rating and a $55.00 target price for the company. Evercore ISI boosted their target price on shares of Kroger from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, September 13th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $62.00 price target on shares of Kroger in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.09.

Insiders Place Their Bets

In other news, SVP Valerie L. Jabbar sold 3,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $55.91, for a total transaction of $167,730.00. Following the transaction, the senior vice president now owns 74,084 shares of the company’s stock, valued at approximately $4,142,036.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Valerie L. Jabbar sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $55.91, for a total transaction of $167,730.00. Following the sale, the senior vice president now directly owns 74,084 shares of the company’s stock, valued at approximately $4,142,036.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian W. Nichols sold 6,922 shares of Kroger stock in a transaction on Monday, October 7th. The stock was sold at an average price of $55.80, for a total transaction of $386,247.60. Following the completion of the transaction, the vice president now directly owns 14,063 shares of the company’s stock, valued at approximately $784,715.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,932 shares of company stock valued at $721,243 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Kroger Stock Down 0.7 %

Shares of NYSE KR traded down $0.43 on Thursday, hitting $57.19. The company had a trading volume of 1,166,100 shares, compared to its average volume of 4,776,620. The firm has a market capitalization of $41.28 billion, a P/E ratio of 19.67, a PEG ratio of 0.87 and a beta of 0.47. The Kroger Co. has a 12-month low of $42.10 and a 12-month high of $58.34. The business has a 50 day moving average of $54.68 and a two-hundred day moving average of $53.86. The company has a quick ratio of 0.46, a current ratio of 0.87 and a debt-to-equity ratio of 0.96.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, September 12th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Kroger had a net margin of 1.86% and a return on equity of 28.54%. The company had revenue of $33.91 billion during the quarter, compared to analysts’ expectations of $34.09 billion. During the same period in the prior year, the company posted $0.96 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts forecast that The Kroger Co. will post 4.46 earnings per share for the current fiscal year.

Kroger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.24%. Kroger’s dividend payout ratio (DPR) is 43.69%.

Kroger Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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.