Hedeker Wealth LLC acquired a new position in shares of Kroger Co. (NYSE:KR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,254 shares of the company’s stock, valued at approximately $745,000.
Other institutional investors have also recently bought and sold shares of the company. Physicians Financial Services Inc. increased its stake in Kroger by 7,500.0% in the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock worth $112,000 after buying an additional 3,000 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Kroger by 32.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,246 shares of the company’s stock worth $119,000 after buying an additional 800 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock worth $137,000 after buying an additional 100 shares during the last quarter. Barnett & Company Inc. bought a new stake in Kroger during the first quarter worth about $145,000. Finally, Ledyard National Bank increased its stake in Kroger by 16.2% in the second quarter. Ledyard National Bank now owns 4,300 shares of the company’s stock worth $158,000 after buying an additional 600 shares during the last quarter. 80.16% of the stock is owned by institutional investors and hedge funds.
Shares of Kroger Co. (NYSE:KR) traded up 0.45% during trading on Friday, reaching $31.27. 14,818,894 shares of the company were exchanged. The stock has a 50-day moving average of $30.80 and a 200 day moving average of $34.40. Kroger Co. has a 52-week low of $28.71 and a 52-week high of $42.75. The stock has a market capitalization of $29.52 billion, a P/E ratio of 14.83 and a beta of 0.70.
Kroger (NYSE:KR) last issued its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The company earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. On average, equities analysts anticipate that Kroger Co. will post $2.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. Kroger’s payout ratio is presently 22.86%.
A number of research firms recently issued reports on KR. Morgan Stanley restated an “overweight” rating and issued a $40.00 target price on shares of Kroger in a report on Wednesday. Vetr downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating and set a $33.25 price objective for the company. in a research note on Tuesday. Citigroup Inc. set a $39.00 price objective on shares of Kroger and gave the stock a “buy” rating in a research note on Friday, October 7th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $40.00 price objective on shares of Kroger in a research note on Wednesday, October 5th. Finally, Zacks Investment Research downgraded shares of Kroger from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.97.
In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of Kroger stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the transaction, the insider now directly owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.85% of the company’s stock.
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.