Papp L Roy & Associates Has $235,000 Stake in Kroger Co. (KR)
Papp L Roy & Associates held its stake in Kroger Co. (NYSE:KR) during the second quarter, Holdings Channel reports. The firm owned 6,400 shares of the company’s stock at the end of the second quarter. Papp L Roy & Associates’ holdings in Kroger were worth $235,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Ngam Advisors L.P. boosted its stake in Kroger by 2.7% in the first quarter. Ngam Advisors L.P. now owns 105,725 shares of the company’s stock worth $4,044,000 after buying an additional 2,801 shares during the period. Rehmann Capital Advisory Group acquired a new stake in Kroger during the first quarter worth $218,000. Vision Capital Management Inc. boosted its stake in Kroger by 4.4% in the first quarter. Vision Capital Management Inc. now owns 256,160 shares of the company’s stock worth $9,798,000 after buying an additional 10,900 shares during the period. BlackRock Group LTD boosted its stake in Kroger by 8.0% in the first quarter. BlackRock Group LTD now owns 8,107,311 shares of the company’s stock worth $310,105,000 after buying an additional 603,276 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Kroger by 3.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 27,217,290 shares of the company’s stock worth $1,041,061,000 after buying an additional 938,309 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.
Kroger Co. (NYSE:KR) traded down 0.96% during midday trading on Tuesday, hitting $29.00. The stock had a trading volume of 11,165,076 shares. Kroger Co. has a 12 month low of $28.88 and a 12 month high of $42.75. The firm’s 50-day moving average price is $31.43 and its 200 day moving average price is $34.81. The company has a market cap of $27.38 billion, a P/E ratio of 13.75 and a beta of 0.70.
Kroger (NYSE:KR) last issued its earnings results on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The company earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. On average, analysts expect that Kroger Co. will post $2.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s dividend payout ratio is presently 22.86%.
Several research analysts have weighed in on the company. BMO Capital Markets set a $35.00 price objective on Kroger and gave the stock a “hold” rating in a research report on Sunday, September 11th. Jefferies Group set a $32.00 price objective on Kroger and gave the stock a “hold” rating in a research report on Saturday. Telsey Advisory Group lowered their price objective on Kroger from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, September 12th. Citigroup Inc. lowered their price objective on Kroger from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, September 13th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $37.00 price objective on shares of Kroger in a research report on Friday, September 16th. Four 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 issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.92.
In other Kroger news, VP Oflen Mary Elizabeth Van sold 12,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $3,116,909.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kevin M. Dougherty sold 31,000 shares of the 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 completion of the sale, the insider now owns 130,857 shares of the company’s stock, valued at approximately $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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