Integrated Advisors Network LLC Sells 188 Shares of The Kroger Co. (NYSE:KR)

Integrated Advisors Network LLC lessened its stake in shares of The Kroger Co. (NYSE:KR) by 5.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,410 shares of the company’s stock after selling 188 shares during the period. Integrated Advisors Network LLC’s holdings in Kroger were worth $231,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Brown Brothers Harriman & Co. boosted its stake in shares of Kroger by 0.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 18,045 shares of the company’s stock worth $1,103,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC boosted its stake in shares of Kroger by 2.0% in the first quarter. Rothschild Investment LLC now owns 8,049 shares of the company’s stock worth $545,000 after acquiring an additional 155 shares during the period. Checchi Capital Advisers LLC lifted its position in shares of Kroger by 2.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,704 shares of the company’s stock worth $410,000 after buying an additional 159 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Kroger by 2.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 7,834 shares of the company’s stock worth $479,000 after buying an additional 166 shares in the last quarter. Finally, Keybank National Association OH lifted its position in shares of Kroger by 0.7% in the fourth quarter. Keybank National Association OH now owns 23,410 shares of the company’s stock worth $1,432,000 after buying an additional 167 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Kroger

In other Kroger news, EVP Christine S. Wheatley sold 30,000 shares of Kroger stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $69.44, for a total transaction of $2,083,200.00. Following the completion of the sale, the executive vice president now owns 127,737 shares of the company’s stock, valued at approximately $8,870,057.28. The trade was a 19.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Valerie L. Jabbar sold 31,271 shares of Kroger stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $69.08, for a total value of $2,160,200.68. Following the sale, the senior vice president now directly owns 82,684 shares of the company’s stock, valued at approximately $5,711,810.72. This represents a 27.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,638 shares of company stock valued at $9,632,165 in the last quarter. 0.44% of the stock is currently owned by corporate insiders.

Kroger Stock Up 0.7%

Shares of NYSE KR opened at $65.52 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $43.30 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 2.85 and a beta of 0.58. The Kroger Co. has a 12-month low of $49.04 and a 12-month high of $73.63. The stock’s fifty day simple moving average is $68.87 and its two-hundred day simple moving average is $65.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup boosted their target price on Kroger from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, March 7th. Melius upgraded Kroger from a “sell” rating to a “hold” rating and set a $70.00 price objective on the stock in a research report on Tuesday, May 20th. Melius Research upgraded Kroger from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. upped their price objective on Kroger from $72.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, Roth Capital set a $58.00 price objective on Kroger in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kroger has a consensus rating of “Moderate Buy” and a consensus price target of $68.06.

Kroger 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.