Oppenheimer & Co. Inc. Boosts Stock Position in The Kroger Co. (NYSE:KR)

Oppenheimer & Co. Inc. lifted its position in The Kroger Co. (NYSE:KRGet Rating) by 66.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,423 shares of the company’s stock after buying an additional 7,752 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Kroger were worth $919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Kroger by 5.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 89,525 shares of the company’s stock worth $5,136,000 after purchasing an additional 4,586 shares during the period. National Pension Service increased its holdings in Kroger by 5.4% during the 1st quarter. National Pension Service now owns 1,176,285 shares of the company’s stock worth $67,483,000 after purchasing an additional 60,647 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Kroger by 7.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 304,038 shares of the company’s stock worth $17,443,000 after acquiring an additional 21,524 shares in the last quarter. Commerce Bank boosted its position in shares of Kroger by 1.1% during the 1st quarter. Commerce Bank now owns 30,531 shares of the company’s stock worth $1,751,000 after acquiring an additional 346 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Kroger by 144.2% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,859 shares of the company’s stock worth $221,000 after acquiring an additional 2,279 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on KR shares. Morgan Stanley upped their price objective on Kroger from $41.00 to $43.00 and gave the stock an “underweight” rating in a research report on Monday, September 12th. StockNews.com started coverage on Kroger in a research report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Guggenheim decreased their target price on Kroger to $50.00 in a research report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft upped their target price on Kroger from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, September 13th. Finally, Exane BNP Paribas raised Kroger from a “neutral” rating to an “outperform” rating in a research report on Monday, October 10th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $51.74.

Kroger Stock Performance

NYSE KR opened at $46.56 on Tuesday. The Kroger Co. has a 1-year low of $40.18 and a 1-year high of $62.78. The company has a market capitalization of $33.33 billion, a P/E ratio of 14.15, a PEG ratio of 0.99 and a beta of 0.52. The business has a 50 day moving average price of $46.01 and a 200 day moving average price of $48.20. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.72 and a quick ratio of 0.28.

Kroger (NYSE:KRGet Rating) last released its quarterly earnings data on Friday, September 9th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm had revenue of $34.64 billion during the quarter, compared to the consensus estimate of $34.44 billion. Kroger had a return on equity of 31.72% and a net margin of 1.70%. Kroger’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. Sell-side analysts expect that The Kroger Co. will post 4.06 EPS for the current fiscal year.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Monday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 31.61%.

About Kroger

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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.

Further Reading

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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