Capital Investment Advisors LLC Cuts Holdings in The Kroger Co. (NYSE:KR)

Capital Investment Advisors LLC cut its position in shares of The Kroger Co. (NYSE:KRGet Rating) by 28.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,175 shares of the company’s stock after selling 2,802 shares during the quarter. Capital Investment Advisors LLC’s holdings in Kroger were worth $340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fieldpoint Private Securities LLC boosted its stake in Kroger by 17.8% in the first quarter. Fieldpoint Private Securities LLC now owns 1,126 shares of the company’s stock valued at $65,000 after acquiring an additional 170 shares during the last quarter. Pinnacle Financial Partners Inc. raised its position in shares of Kroger by 4.2% in the first quarter. Pinnacle Financial Partners Inc. now owns 4,772 shares of the company’s stock valued at $274,000 after purchasing an additional 194 shares during the period. Brighton Jones LLC raised its position in shares of Kroger by 1.3% in the first quarter. Brighton Jones LLC now owns 15,717 shares of the company’s stock valued at $902,000 after purchasing an additional 197 shares during the period. City Holding Co. raised its position in shares of Kroger by 19.7% in the fourth quarter. City Holding Co. now owns 1,215 shares of the company’s stock valued at $57,000 after purchasing an additional 200 shares during the period. Finally, Diversified Trust Co raised its position in shares of Kroger by 2.9% in the first quarter. Diversified Trust Co now owns 7,151 shares of the company’s stock valued at $410,000 after purchasing an additional 200 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Trading Down 1.3 %

Shares of KR opened at $47.28 on Monday. The stock has a market capitalization of $33.83 billion, a P/E ratio of 14.37, a PEG ratio of 1.00 and a beta of 0.47. The company has a quick ratio of 0.28, a current ratio of 0.72 and a debt-to-equity ratio of 1.30. The firm has a fifty day simple moving average of $47.92 and a two-hundred day simple moving average of $51.64. The Kroger Co. has a twelve month low of $38.22 and a twelve month high of $62.78.

Kroger (NYSE:KRGet Rating) last announced its quarterly earnings results on Friday, September 9th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. Kroger had a net margin of 1.70% and a return on equity of 31.72%. The business had revenue of $34.64 billion during the quarter, compared to analysts’ expectations of $34.44 billion. During the same quarter in the prior year, the company posted $0.80 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that The Kroger Co. will post 4.06 EPS for the current year.

Kroger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a $0.26 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.20%. Kroger’s dividend payout ratio is 31.61%.

Analysts Set New Price Targets

A number of analysts recently weighed in on KR shares. Oppenheimer decreased their target price on shares of Kroger to $51.00 in a report on Tuesday, September 6th. Morgan Stanley increased their price target on shares of Kroger from $41.00 to $43.00 and gave the stock an “underweight” rating in a report on Monday, September 12th. MKM Partners increased their price target on shares of Kroger from $48.00 to $55.00 in a report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kroger from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, September 13th. Finally, StockNews.com lowered shares of Kroger from a “strong-buy” rating to a “hold” rating in a report on Monday, September 12th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kroger presently has an average rating of “Hold” and a consensus price target of $52.89.

Kroger Profile

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The Kroger Co operates as a 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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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