Asset Management One Co. Ltd. lowered its holdings in shares of Kroger Co (NYSE:KR) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,451,823 shares of the company’s stock after selling 37,110 shares during the quarter. Asset Management One Co. Ltd. owned 0.16% of Kroger worth $29,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Kroger by 9.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 150,254 shares of the company’s stock worth $3,014,000 after buying an additional 12,356 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Kroger by 8.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 638,860 shares of the company’s stock valued at $12,869,000 after purchasing an additional 49,660 shares in the last quarter. Clear Perspective Advisors LLC bought a new position in Kroger in the third quarter valued at approximately $160,000. Private Advisor Group LLC grew its stake in Kroger by 24.0% in the third quarter. Private Advisor Group LLC now owns 38,517 shares of the company’s stock valued at $781,000 after purchasing an additional 7,467 shares in the last quarter. Finally, BB&T Investment Services Inc. grew its stake in Kroger by 110.1% in the third quarter. BB&T Investment Services Inc. now owns 60,917 shares of the company’s stock valued at $1,215,000 after purchasing an additional 31,927 shares in the last quarter. 79.10% of the stock is currently owned by institutional investors.

KR has been the subject of a number of analyst reports. Oppenheimer restated a “buy” rating and issued a $28.00 price target on shares of Kroger in a research note on Tuesday, September 5th. Deutsche Bank downgraded Kroger from a “buy” rating to a “hold” rating and reduced their target price for the stock from $26.00 to $21.00 in a research note on Monday, September 11th. Zacks Investment Research upgraded Kroger from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Goldman Sachs Group reiterated a “neutral” rating and set a $22.00 target price on shares of Kroger in a research note on Tuesday, November 14th. Finally, Royal Bank Of Canada set a $34.00 target price on Kroger and gave the stock a “buy” rating in a research note on Monday, August 28th. Eighteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $29.16.

Kroger Co (KR) traded up $0.15 during trading on Monday, hitting $26.68. The stock had a trading volume of 6,171,500 shares, compared to its average volume of 12,300,782. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. Kroger Co has a 12 month low of $19.69 and a 12 month high of $36.44. The firm has a market cap of $23,514.73, a PE ratio of 13.75, a P/E/G ratio of 3.52 and a beta of 0.92.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The company had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. Kroger’s revenue was up 4.5% on a year-over-year basis. research analysts anticipate that Kroger Co will post 2.02 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.87%. Kroger’s dividend payout ratio is currently 29.76%.

In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. Following the sale, the director now owns 108,910 shares in the company, valued at approximately $2,938,391.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the sale, the vice president now owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

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About Kroger

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.

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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