Kroger Co (KR) Shares Bought by Truepoint Inc.
Truepoint Inc. raised its stake in Kroger Co (NYSE:KR) by 1,906.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 475,262 shares of the company’s stock after buying an additional 451,570 shares during the period. Truepoint Inc. owned approximately 0.05% of Kroger worth $475,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of KR. Howe & Rusling Inc. purchased a new position in shares of Kroger during the 3rd quarter worth approximately $103,000. Dupont Capital Management Corp purchased a new position in shares of Kroger during the 2nd quarter worth approximately $105,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Kroger during the 2nd quarter worth approximately $128,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Kroger by 497.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after acquiring an additional 4,390 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Kroger by 85.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after acquiring an additional 2,708 shares during the period. 79.10% of the stock is owned by institutional investors.
KR has been the subject of several recent analyst reports. Oppenheimer reaffirmed a “buy” rating and issued a $28.00 target price on shares of Kroger in a research note on Tuesday, September 5th. Deutsche Bank reaffirmed a “buy” rating and issued a $26.00 target price on shares of Kroger in a research note on Tuesday, September 5th. Royal Bank of Canada set a $34.00 target price on shares of Kroger and gave the stock a “buy” rating in a research note on Monday, August 28th. Hilliard Lyons reaffirmed a “buy” rating and issued a $30.00 target price on shares of Kroger in a research note on Tuesday, September 12th. Finally, Pivotal Research raised shares of Kroger from a “hold” rating to a “buy” rating and lifted their target price for the stock from $21.34 to $25.00 in a research note on Tuesday, September 12th. Eighteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Kroger has an average rating of “Hold” and a consensus price target of $29.16.
In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. Following the completion of the transaction, the director now directly owns 108,910 shares of the company’s stock, valued at approximately $2,938,391.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the transaction, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.
Kroger Co (KR) traded up $0.36 on Thursday, hitting $26.69. 10,837,900 shares of the stock traded hands, compared to its average volume of 12,253,339. The company has a market cap of $23,197.44, a P/E ratio of 13.57, a P/E/G ratio of 3.48 and a beta of 0.92. Kroger Co has a one year low of $19.69 and a one year high of $36.44. 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 (NYSE:KR) last released its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. The company’s revenue was up 4.5% on a year-over-year basis. sell-side analysts expect that Kroger Co will post 2.02 earnings per share for the current year.
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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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