Riverview Trust Co grew its stake in Kroger Co (NYSE:KR) by 50.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,403 shares of the company’s stock after purchasing an additional 472 shares during the quarter. Riverview Trust Co’s holdings in Kroger were worth $35,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KR. Bank of New York Mellon Corp increased its stake in shares of Kroger by 3.9% in the third quarter. Bank of New York Mellon Corp now owns 5,821,690 shares of the company’s stock valued at $169,470,000 after purchasing an additional 219,766 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Kroger by 63.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,486 shares of the company’s stock valued at $1,556,000 after acquiring an additional 20,786 shares in the last quarter. People s United Financial Inc. boosted its holdings in shares of Kroger by 86.4% in the third quarter. People s United Financial Inc. now owns 14,754 shares of the company’s stock valued at $430,000 after acquiring an additional 6,840 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Kroger by 5.4% in the third quarter. The Manufacturers Life Insurance Company now owns 881,234 shares of the company’s stock valued at $25,652,000 after acquiring an additional 44,849 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Kroger by 17.8% in the third quarter. Pacer Advisors Inc. now owns 44,635 shares of the company’s stock valued at $1,299,000 after acquiring an additional 6,754 shares in the last quarter. Hedge funds and other institutional investors own 82.20% of the company’s stock.
In related news, Director Robert D. Beyer sold 80,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $24.52, for a total value of $1,961,600.00. Following the transaction, the director now directly owns 126,800 shares in the company, valued at approximately $3,109,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.07% of the stock is currently owned by company insiders.
KR stock traded up $0.28 during midday trading on Wednesday, reaching $25.85. The company had a trading volume of 49,797 shares, compared to its average volume of 8,251,136. Kroger Co has a 1 year low of $23.52 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 cap of $20.50 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.53 and a beta of 0.63.
Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The business had revenue of $28.09 billion for the quarter, compared to the consensus estimate of $28.38 billion. Kroger had a net margin of 2.57% and a return on equity of 23.50%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 EPS. On average, research analysts anticipate that Kroger Co will post 2.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.17%. Kroger’s dividend payout ratio is currently 26.54%.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Kroger from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Buckingham Research assumed coverage on shares of Kroger in a report on Thursday, February 7th. They issued an “underperform” rating and a $28.18 price objective for the company. ValuEngine upgraded shares of Kroger from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Credit Suisse Group reduced their target price on shares of Kroger from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, March 8th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $29.00 target price (down from $31.00) on shares of Kroger in a report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.33.
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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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