The Kroger Co. (NYSE:KR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in The Kroger Co. (NYSE:KR) by 4.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 88,744 shares of the company’s stock after selling 3,853 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kroger were worth $4,056,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. ICA Group Wealth Management LLC boosted its stake in Kroger by 12.2% in the 1st quarter. ICA Group Wealth Management LLC now owns 1,880 shares of the company’s stock worth $93,000 after purchasing an additional 205 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Kroger by 1.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 17,802 shares of the company’s stock valued at $879,000 after buying an additional 206 shares during the last quarter. United Capital Financial Advisers LLC increased its position in shares of Kroger by 1.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 11,571 shares of the company’s stock valued at $664,000 after acquiring an additional 221 shares during the period. IHT Wealth Management LLC raised its stake in Kroger by 3.4% in the 1st quarter. IHT Wealth Management LLC now owns 6,693 shares of the company’s stock worth $384,000 after acquiring an additional 222 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in Kroger by 2.7% during the 3rd quarter. Moors & Cabot Inc. now owns 8,839 shares of the company’s stock worth $396,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Stock Down 0.2 %

Shares of KR opened at $55.26 on Wednesday. The stock’s 50 day moving average is $52.63 and its two-hundred day moving average is $47.63. The Kroger Co. has a 12 month low of $42.10 and a 12 month high of $58.34. The firm has a market cap of $39.88 billion, a P/E ratio of 18.67, a PEG ratio of 2.57 and a beta of 0.48. The company has a current ratio of 0.81, a quick ratio of 0.36 and a debt-to-equity ratio of 1.04.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, March 7th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. Analysts predict that The Kroger Co. will post 4.43 earnings per share for the current fiscal year.

Kroger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.16 annualized dividend and a yield of 2.10%. Kroger’s dividend payout ratio (DPR) is currently 39.19%.

Wall Street Analyst Weigh In

KR has been the subject of a number of research reports. Guggenheim lifted their target price on Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Evercore ISI decreased their price objective on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating for the company in a research note on Tuesday. BNP Paribas restated an “underperform” rating and set a $48.00 target price on shares of Kroger in a research report on Monday, April 8th. Wells Fargo & Company raised Kroger from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $58.00 to $65.00 in a research report on Tuesday. Finally, Telsey Advisory Group boosted their price objective on Kroger from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.17.

Kroger Company 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.