Swiss National Bank cut its position in shares of Kroger Co. (NYSE:KR) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 2,524,896 shares of the company’s stock after selling 70,700 shares during the period. Swiss National Bank’s holdings in Kroger were worth $74,939,000 as of its most recent SEC filing.
Other hedge funds have also 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 period. 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 period. Advisory Services Network LLC increased its stake in Kroger by 289.9% in the third quarter. Advisory Services Network LLC now owns 4,238 shares of the company’s stock worth $126,000 after buying an additional 3,151 shares during the period. 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 period. Finally, Barnett & Company Inc. acquired a new stake in Kroger during the first quarter worth about $145,000. Institutional investors own 75.51% of the company’s stock.
Shares of Kroger Co. (NYSE:KR) opened at 33.66 on Tuesday. The firm’s 50-day moving average is $31.92 and its 200-day moving average is $33.33. The firm has a market cap of $31.78 billion, a P/E ratio of 15.96 and a beta of 0.74. Kroger Co. has a 52-week low of $28.71 and a 52-week high of $42.75.
Kroger (NYSE:KR) last issued its earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The business earned $26.60 billion during the quarter. During the same quarter in the prior year, the business earned $0.44 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts anticipate that Kroger Co. will post $2.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.43%. Kroger’s dividend payout ratio is currently 22.86%.
A number of equities analysts recently weighed in on KR shares. Jefferies Group lowered their target price on shares of Kroger from $39.00 to $37.00 and set a “hold” rating on the stock in a report on Wednesday, August 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $40.00 price objective on shares of Kroger in a research report on Wednesday, October 12th. Vetr cut shares of Kroger from a “hold” rating to a “sell” rating and set a $32.15 price objective for the company. in a research report on Monday, November 14th. Deutsche Bank AG reaffirmed a “buy” rating and set a $39.00 price objective on shares of Kroger in a research report on Thursday, November 3rd. Finally, Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Kroger in a research report on Thursday, August 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. Kroger has an average rating of “Hold” and an average target price of $38.28.
In other news, insider Kevin M. Dougherty sold 31,000 shares of Kroger stock in a transaction dated 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 sale, the insider now owns 130,857 shares in the company, valued at approximately $4,063,109.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.85% of the stock is 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.