The Kroger Co. (NYSE:KR) Shares Sold by Denali Advisors LLC

Denali Advisors LLC reduced its holdings in The Kroger Co. (NYSE:KRFree Report) by 15.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,717 shares of the company’s stock after selling 1,200 shares during the quarter. Denali Advisors LLC’s holdings in Kroger were worth $307,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KR. KB Financial Partners LLC acquired a new stake in shares of Kroger in the first quarter valued at approximately $28,000. OFI Invest Asset Management acquired a new position in shares of Kroger in the 3rd quarter valued at $25,000. VisionPoint Advisory Group LLC increased its stake in Kroger by 370.1% during the third quarter. VisionPoint Advisory Group LLC now owns 630 shares of the company’s stock worth $28,000 after acquiring an additional 496 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of Kroger by 430.8% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 637 shares of the company’s stock valued at $29,000 after acquiring an additional 517 shares during the period. Finally, Resurgent Financial Advisors LLC purchased a new position in Kroger in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Guggenheim raised their price target on shares of Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Wells Fargo & Company upgraded shares of Kroger from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $42.00 to $50.00 in a research report on Tuesday, February 27th. Telsey Advisory Group lifted their price objective on shares of Kroger from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Evercore ISI increased their price target on Kroger from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.64.

Get Our Latest Stock Analysis on Kroger

Kroger Price Performance

NYSE:KR opened at $57.13 on Monday. The Kroger Co. has a 52-week low of $42.10 and a 52-week high of $57.36. The company has a quick ratio of 0.36, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The firm has a market cap of $41.10 billion, a P/E ratio of 19.30, a PEG ratio of 2.66 and a beta of 0.46. The business’s 50-day moving average price is $50.18 and its 200 day moving average price is $46.71.

Kroger (NYSE:KRGet Free Report) last released its earnings results on Thursday, March 7th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.21. The business had revenue of $37.06 billion for the quarter, compared to the consensus estimate of $37.07 billion. Kroger had a net margin of 1.44% and a return on equity of 31.44%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. As a group, sell-side analysts predict that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, May 14th. Kroger’s payout ratio is 39.19%.

About Kroger

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.