The Signaturefd LLC Reduces Stake in Kroger Co. (KR)

The Signaturefd LLC Reduces Stake in Kroger Co. (KR)

Signaturefd LLC cut its position in shares of Kroger Co. (NYSE:KR) by 10.6% during the second quarter, Holdings Channel reports. The institutional investor owned 3,365 shares of the company’s stock after selling 400 shares during the period. Signaturefd LLC’s holdings in Kroger were worth $124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KR. Nordea Investment Management AB raised its position in shares of Kroger by 365.3% in the second quarter. Nordea Investment Management AB now owns 6,121,963 shares of the company’s stock worth $225,227,000 after buying an additional 4,806,246 shares in the last quarter. WestEnd Advisors LLC bought a new stake in shares of Kroger during the second quarter worth approximately $95,812,000. CAM Group Holding A S increased its stake in shares of Kroger by 40.9% in the second quarter. CAM Group Holding A S now owns 53,700 shares of the company’s stock worth $1,976,000 after buying an additional 15,600 shares during the last quarter. Bristol Gate Capital Partners Inc. increased its stake in shares of Kroger by 10.1% in the second quarter. Bristol Gate Capital Partners Inc. now owns 741,903 shares of the company’s stock worth $27,295,000 after buying an additional 68,144 shares during the last quarter. Finally, Sigma Investment Counselors Inc. increased its stake in shares of Kroger by 10.0% in the second quarter. Sigma Investment Counselors Inc. now owns 6,226 shares of the company’s stock worth $229,000 after buying an additional 565 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kroger Co. (NYSE:KR) traded down 1.41% during midday trading on Monday, hitting $30.83. The stock had a trading volume of 10,560,225 shares. Kroger Co. has a 12-month low of $28.71 and a 12-month high of $42.75. The stock has a market cap of $29.11 billion, a P/E ratio of 14.62 and a beta of 0.70. The stock has a 50-day moving average price of $30.76 and a 200-day moving average price of $34.36.

Kroger (NYSE:KR) last announced its quarterly earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $26.60 billion for the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. Kroger’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. Equities analysts forecast that Kroger Co. will post $2.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s dividend payout ratio (DPR) is 22.86%.

KR has been the topic of a number of recent research reports. BMO Capital Markets downgraded Kroger from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $34.01 to $35.00 in a research note on Tuesday, August 2nd. Royal Bank Of Canada lowered their target price on Kroger from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 7th. Zacks Investment Research downgraded Kroger from a “hold” rating to a “sell” rating in a research note on Tuesday, August 30th. Citigroup Inc. lowered their target price on Kroger from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, August 29th. Finally, Vetr downgraded Kroger from a “strong-buy” rating to a “buy” rating and set a $33.25 target price on the stock. in a research note on Tuesday, October 11th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.66.

In related news, insider Kevin M. Dougherty sold 31,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total value of $962,550.00. Following the sale, the insider now owns 130,857 shares of the company’s stock, valued at approximately $4,063,109.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.85% of the company’s stock.

About Kroger

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.

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