Terra Nova Asset Management LLC Sells 1,235 Shares of Kroger Co. (KR)
Terra Nova Asset Management LLC reduced its stake in shares of Kroger Co. (NYSE:KR) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 30,355 shares of the company’s stock after selling 1,235 shares during the period. Kroger makes up approximately 1.9% of Terra Nova Asset Management LLC’s portfolio, making the stock its 19th largest position. Terra Nova Asset Management LLC’s holdings in Kroger were worth $1,117,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of KR. Bank of Montreal Can purchased a new position in shares of Kroger during the second quarter worth $235,225,000. Nordea Investment Management AB increased 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 during the period. Hexavest Inc. increased its position in shares of Kroger by 5,927.6% in the second quarter. Hexavest Inc. now owns 1,356,516 shares of the company’s stock worth $49,906,000 after buying an additional 1,334,011 shares during the period. Marsico Capital Management LLC increased its position in shares of Kroger by 163.6% in the first quarter. Marsico Capital Management LLC now owns 1,820,351 shares of the company’s stock worth $69,628,000 after buying an additional 1,129,894 shares during the period. Finally, State Street Corp increased its position in shares of Kroger by 2.5% in the first quarter. State Street Corp now owns 40,607,212 shares of the company’s stock worth $1,553,228,000 after buying an additional 1,002,625 shares during the period. 80.18% of the stock is currently owned by institutional investors.
Shares of Kroger Co. (NYSE:KR) traded down 0.80% during midday trading on Wednesday, hitting $30.84. 12,447,064 shares of the stock were exchanged. The firm has a market cap of $29.11 billion, a P/E ratio of 14.62 and a beta of 0.72. Kroger Co. has a 12-month low of $30.45 and a 12-month high of $42.75. The firm has a 50 day moving average of $32.03 and a 200 day moving average of $35.29.
Kroger (NYSE:KR) last issued its quarterly 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 net margin of 1.82% and a return on equity of 32.52%. The firm earned $26.60 billion during the quarter. During the same period last year, the company posted $0.44 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts forecast that Kroger Co. will post $2.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, November 10th. Kroger’s dividend payout ratio (DPR) is 22.86%.
Several research firms recently weighed in on KR. RBC Capital Markets restated a “sector perform” rating and set a $37.00 price target on shares of Kroger in a research report on Friday, September 16th. Goldman Sachs Group Inc. restated a “buy” rating and set a $39.00 price target (down previously from $40.00) on shares of Kroger in a research report on Wednesday, September 14th. Citigroup Inc. reduced their price target on shares of Kroger from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, September 13th. BMO Capital Markets set a $35.00 price target on shares of Kroger and gave the stock a “hold” rating in a research report on Sunday, September 11th. Finally, SunTrust Banks Inc. set a $35.00 price target on shares of Kroger and gave the stock a “hold” rating in a research report on Monday, September 12th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Kroger presently has an average rating of “Buy” and an average price target of $39.38.
In other Kroger news, VP Oflen Mary Elizabeth Van sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $37.85, for a total transaction of $454,200.00. Following the completion of the sale, the vice president now directly owns 82,349 shares in the company, valued at $3,116,909.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kevin M. Dougherty sold 31,000 shares of the business’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 transaction of $962,550.00. Following the sale, the insider now owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The disclosure for this sale can be found here. Corporate 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.
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