Boston Advisors LLC Has $29,949,000 Stake in Kroger Co. (KR)
Boston Advisors LLC decreased its position in Kroger Co. (NYSE:KR) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 814,052 shares of the company’s stock after selling 3,216 shares during the period. Kroger comprises about 0.7% of Boston Advisors LLC’s holdings, making the stock its 27th largest position. Boston Advisors LLC’s holdings in Kroger were worth $29,949,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Euclid Advisors LLC boosted its position in Kroger by 40.3% in the first quarter. Euclid Advisors LLC now owns 739,729 shares of the company’s stock worth $28,295,000 after buying an additional 212,459 shares during the last quarter. Wellington Management Group LLP boosted its stake in Kroger by 8.7% in the first quarter. Wellington Management Group LLP now owns 1,559,304 shares of the company’s stock valued at $59,643,000 after buying an additional 124,390 shares in the last quarter. CrestPoint Capital Management LLC boosted its stake in Kroger by 4.6% in the second quarter. CrestPoint Capital Management LLC now owns 25,100 shares of the company’s stock valued at $923,000 after buying an additional 1,100 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in Kroger by 0.4% in the first quarter. Pictet Asset Management Ltd. now owns 540,392 shares of the company’s stock valued at $21,567,000 after buying an additional 2,100 shares in the last quarter. Finally, Eachwin Capital LP bought a new stake in Kroger during the first quarter valued at about $3,479,000. 80.18% of the stock is currently owned by institutional investors and hedge funds.
Kroger Co. (NYSE:KR) traded down 0.29% during mid-day trading on Thursday, reaching $30.75. 12,273,625 shares of the company’s stock were exchanged. The stock has a market cap of $29.03 billion, a P/E ratio of 14.58 and a beta of 0.72. The stock has a 50-day moving average price of $32.03 and a 200-day moving average price of $35.29. Kroger Co. has a 52 week low of $30.45 and a 52 week high of $42.75.
Kroger (NYSE:KR) last announced its earnings results on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ 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 company earned $26.60 billion during the quarter. During the same quarter last year, the business posted $0.44 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts forecast that Kroger Co. will post $2.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.56%. Kroger’s dividend payout ratio (DPR) is presently 22.86%.
Several analysts recently issued reports on KR shares. Goldman Sachs Group Inc. raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, July 26th. Hilliard Lyons raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Thursday, June 23rd. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $42.00 price target on shares of Kroger in a report on Monday, June 6th. Deutsche Bank AG cut their price target on shares of Kroger from $48.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, June 17th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $44.00 price target on shares of Kroger in a report on Monday, June 20th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $39.38.
In related 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 value of $962,550.00. Following the completion of the sale, the insider now directly owns 130,857 shares in the company, valued at $4,063,109.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Oflen Mary Elizabeth Van sold 12,000 shares of Kroger stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $37.85, for a total value of $454,200.00. Following the completion of the sale, the vice president now owns 82,349 shares of the company’s stock, valued at $3,116,909.65. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.
Kroger Company Profile
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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