Kroger Co (KR) Shares Sold by American Century Companies Inc.
American Century Companies Inc. trimmed its holdings in shares of Kroger Co (NYSE:KR) by 68.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,181 shares of the company’s stock after selling 22,565 shares during the period. American Century Companies Inc.’s holdings in Kroger were worth $204,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC raised its position in shares of Kroger by 6,611.2% during the second quarter. Janus Henderson Group PLC now owns 8,260,260 shares of the company’s stock worth $192,630,000 after purchasing an additional 8,137,179 shares during the period. FMR LLC raised its position in shares of Kroger by 17.7% during the second quarter. FMR LLC now owns 49,409,616 shares of the company’s stock worth $1,152,232,000 after purchasing an additional 7,446,349 shares during the period. Principal Financial Group Inc. raised its position in shares of Kroger by 255.5% during the second quarter. Principal Financial Group Inc. now owns 6,596,264 shares of the company’s stock worth $153,825,000 after purchasing an additional 4,740,751 shares during the period. Equity Investment Corp Acquisition Inc acquired a new position in shares of Kroger during the second quarter worth approximately $71,486,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of Kroger by 138.4% during the second quarter. Parametric Portfolio Associates LLC now owns 4,363,562 shares of the company’s stock worth $101,758,000 after purchasing an additional 2,533,438 shares during the period. Hedge funds and other institutional investors own 79.16% of the company’s stock.
Shares of Kroger Co (NYSE:KR) opened at $25.67 on Friday. Kroger Co has a 12-month low of $19.69 and a 12-month high of $36.44. The stock has a market capitalization of $23,003.04, a price-to-earnings ratio of 13.33, a PEG ratio of 3.24 and a beta of 0.90. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.33 and a current ratio of 0.85.
Kroger (NYSE:KR) last announced its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. During the same period last year, the firm posted $0.41 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. sell-side analysts predict that Kroger Co will post 1.99 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. Kroger’s payout ratio is 29.76%.
A number of equities analysts have recently weighed in on the company. BMO Capital Markets set a $29.00 target price on Kroger and gave the stock a “hold” rating in a research report on Friday. Telsey Advisory Group upped their target price on Kroger from $24.00 to $28.00 and gave the stock a “market perform” rating in a research report on Friday. Goldman Sachs Group reaffirmed a “neutral” rating and set a $22.00 target price on shares of Kroger in a research report on Tuesday, November 14th. Zacks Investment Research raised Kroger from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Northcoast Research raised Kroger from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Eighteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $28.75.
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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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