ING Groep NV Buys Shares of 22,957 Kroger Co. (KR)
ING Groep NV acquired a new position in Kroger Co. (NYSE:KR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,957 shares of the company’s stock, valued at approximately $845,000.
Several other large investors have also recently modified their holdings of the company. Physicians Financial Services Inc. raised its position in shares of 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 last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of 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 last quarter. Integrated Investment Consultants LLC raised its position in shares of 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 last quarter. Barnett & Company Inc. purchased a new position in shares of Kroger during the first quarter worth $145,000. Finally, Ledyard National Bank raised its position in shares of Kroger by 16.2% in the second quarter. Ledyard National Bank now owns 4,300 shares of the company’s stock worth $158,000 after buying an additional 600 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 1.26% during midday trading on Friday, reaching $29.00. The company’s stock had a trading volume of 11,322,790 shares. The company’s 50-day moving average price is $31.06 and its 200 day moving average price is $34.59. The firm has a market capitalization of $27.38 billion, a PE ratio of 13.75 and a beta of 0.70. Kroger Co. has a 1-year low of $28.71 and a 1-year high of $42.75.
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 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 business’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, equities research 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. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.66%. Kroger’s dividend payout ratio is presently 22.86%.
KR has been the topic of a number of research reports. BMO Capital Markets lowered Kroger from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $34.01 to $35.00 in a report on Tuesday, August 2nd. Royal Bank Of Canada decreased their price objective on Kroger from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 7th. Zacks Investment Research lowered Kroger from a “hold” rating to a “sell” rating in a report on Tuesday, August 30th. Citigroup Inc. decreased their price objective on Kroger from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, August 29th. Finally, Piper Jaffray Cos. restated an “underweight” rating and issued a $29.00 price objective on shares of Kroger in a report on Friday, June 17th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $38.92.
In other news, insider Kevin M. Dougherty sold 31,000 shares of the 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 owns 130,857 shares in the company, valued at $4,063,109.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company 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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