Kroger Co (KR) Shares Bought by American International Group Inc.
American International Group Inc. boosted its stake in shares of Kroger Co (NYSE:KR) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 425,929 shares of the company’s stock after purchasing an additional 10,120 shares during the quarter. American International Group Inc.’s holdings in Kroger were worth $8,544,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Norinchukin Bank The increased its holdings in Kroger by 5.5% during the 3rd quarter. Norinchukin Bank The now owns 66,791 shares of the company’s stock worth $1,340,000 after purchasing an additional 3,461 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kroger by 5.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 192,505 shares of the company’s stock valued at $3,862,000 after acquiring an additional 9,289 shares during the last quarter. Alpine Woods Capital Investors LLC increased its holdings in shares of Kroger by 100.0% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 50,000 shares of the company’s stock valued at $1,003,000 after acquiring an additional 25,000 shares during the last quarter. Point View Wealth Management Inc. increased its holdings in shares of Kroger by 38.1% in the 3rd quarter. Point View Wealth Management Inc. now owns 64,251 shares of the company’s stock valued at $1,289,000 after acquiring an additional 17,710 shares during the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of Kroger by 61.0% in the 3rd quarter. AE Wealth Management LLC now owns 14,671 shares of the company’s stock valued at $294,000 after acquiring an additional 5,556 shares during the last quarter. Institutional investors own 79.16% of the company’s stock.
Shares of Kroger Co (NYSE:KR) traded up $0.82 during midday trading on Thursday, hitting $24.38. The company had a trading volume of 20,963,199 shares, compared to its average volume of 12,086,863. Kroger Co has a 1 year low of $19.69 and a 1 year high of $36.44. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 2.13. The firm has a market cap of $20,957.14, a PE ratio of 12.34, a PEG ratio of 2.95 and a beta of 0.82.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Kroger had a return on equity of 28.04% and a net margin of 1.32%. The company had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. research analysts forecast that Kroger Co will post 1.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.05%. Kroger’s payout ratio is 30.30%.
KR has been the topic of a number of recent analyst reports. Oppenheimer reiterated a “buy” rating and issued a $28.00 price objective on shares of Kroger in a report on Tuesday, September 5th. Deutsche Bank downgraded Kroger from a “buy” rating to a “hold” rating and dropped their price objective for the company from $26.00 to $21.00 in a report on Monday, September 11th. Zacks Investment Research upgraded Kroger from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Goldman Sachs Group reiterated a “neutral” rating and issued a $22.00 price objective on shares of Kroger in a report on Tuesday, November 14th. Finally, Royal Bank Of Canada set a $34.00 price objective on Kroger and gave the company a “buy” rating in a report on Monday, August 28th. Nineteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $29.10.
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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