Alps Advisors Inc. lowered its position in Kroger Co. (NYSE:KR) by 4.2% during the second quarter, Holdings Channel reports. The fund owned 11,695 shares of the company’s stock after selling 512 shares during the period. Alps Advisors Inc.’s holdings in Kroger were worth $430,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of KR. Bartlett & Co. LLC increased its stake in shares of Kroger by 1.2% in the second quarter. Bartlett & Co. LLC now owns 64,357 shares of the company’s stock valued at $2,368,000 after buying an additional 765 shares in the last quarter. Calamos Wealth Management LLC purchased a new stake in shares of Kroger during the second quarter valued at approximately $1,469,000. Palouse Capital Management Inc. purchased a new stake in shares of Kroger during the second quarter valued at approximately $2,267,000. American Century Companies Inc. increased its stake in shares of Kroger by 0.8% in the second quarter. American Century Companies Inc. now owns 3,523,917 shares of the company’s stock valued at $129,645,000 after buying an additional 28,672 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Kroger by 13.5% in the second quarter. Candriam Luxembourg S.C.A. now owns 58,223 shares of the company’s stock valued at $2,142,000 after buying an additional 6,908 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.
Kroger Co. (NYSE:KR) traded down 1.26% during mid-day trading on Friday, hitting $29.00. 11,322,790 shares of the stock were exchanged. The company has a 50-day moving average of $31.06 and a 200-day moving average of $34.59. 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 $27.38 billion, a PE ratio of 13.75 and a beta of 0.70.
Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The business had revenue of $26.60 billion for the quarter. During the same quarter in the previous year, the business posted $0.44 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Kroger Co. will post $2.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a $0.12 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.66%. Kroger’s payout ratio is presently 22.86%.
Several brokerages have recently commented on KR. BMO Capital Markets set a $35.00 target price on Kroger and gave the company a “hold” rating in a research note on Sunday, September 11th. Jefferies Group set a $32.00 target price on Kroger and gave the company a “hold” rating in a research note on Saturday, October 1st. Telsey Advisory Group reduced their target price on Kroger from $46.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, September 12th. Citigroup Inc. reduced their target price on Kroger from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, September 13th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $37.00 price target on shares of Kroger in a research report on Friday, September 16th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.92.
In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total value of $962,550.00. Following the transaction, the insider now directly owns 130,857 shares in the company, valued at $4,063,109.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by company insiders.
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.