Kroger Co. (KR) Position Reduced by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. lowered its stake in shares of Kroger Co. (NYSE:KR) by 88.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,901 shares of the company’s stock after selling 1,502,845 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Kroger were worth $7,428,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Physicians Financial Services Inc. raised 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 valued at $112,000 after buying an additional 3,000 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised 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 valued at $119,000 after buying an additional 800 shares in the last quarter. Integrated Investment Consultants LLC raised 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 valued at $137,000 after buying an additional 100 shares in the last quarter. Barnett & Company Inc. acquired a new stake in Kroger during the first quarter valued at approximately $145,000. Finally, Oakworth Capital Inc. raised its stake in Kroger by 552.5% in the second quarter. Oakworth Capital Inc. now owns 4,724 shares of the company’s stock valued at $169,000 after buying an additional 4,000 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.
Kroger Co. (NYSE:KR) traded down 1.26% during trading on Friday, hitting $29.00. 11,322,790 shares of the stock were exchanged. The firm has a 50-day moving average of $31.06 and a 200-day moving average of $34.59. The stock has a market capitalization of $27.38 billion, a price-to-earnings ratio of 13.75 and a beta of 0.70. Kroger Co. has a 52 week low of $28.71 and a 52 week high of $42.75.
Kroger (NYSE:KR) last announced its quarterly earnings data on Friday, September 9th. The company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $26.60 billion for the quarter. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. Equities research analysts anticipate that Kroger Co. will post $2.14 earnings per share for the current fiscal year.
The company 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. The ex-dividend date is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.66%. Kroger’s payout ratio is 22.86%.
Several equities research analysts recently commented on KR shares. Deutsche Bank AG reduced their price target on shares of Kroger from $48.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, June 17th. Hilliard Lyons upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Thursday, June 23rd. Citigroup Inc. restated a “buy” rating and issued a $44.00 price target on shares of Kroger in a research report on Monday, June 20th. Goldman Sachs Group Inc. upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, July 26th. Finally, Argus reduced their price target on shares of Kroger from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, September 12th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Kroger presently has a consensus rating of “Buy” and an average price target of $38.92.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total transaction of $962,550.00. Following the transaction, 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 this link. 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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