Cascade Investment Advisors Inc. Has $1.54 Million Stake in Kroger Co (KR)
Cascade Investment Advisors Inc. decreased its position in Kroger Co (NYSE:KR) by 12.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,225 shares of the company’s stock after selling 8,250 shares during the period. Kroger accounts for 1.2% of Cascade Investment Advisors Inc.’s holdings, making the stock its 26th largest position. Cascade Investment Advisors Inc.’s holdings in Kroger were worth $1,543,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of KR. Peapack Gladstone Financial Corp boosted its position in shares of Kroger by 1.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock worth $265,000 after purchasing an additional 154 shares during the period. Pettyjohn Wood & White Inc. boosted its position in shares of Kroger by 0.4% during the 2nd quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock worth $1,217,000 after purchasing an additional 191 shares during the period. Bank of Hawaii boosted its position in shares of Kroger by 2.5% during the 2nd quarter. Bank of Hawaii now owns 20,872 shares of the company’s stock worth $487,000 after purchasing an additional 509 shares during the period. Zurich Insurance Group Ltd FI boosted its position in shares of Kroger by 0.4% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 152,259 shares of the company’s stock worth $3,551,000 after purchasing an additional 645 shares during the period. Finally, Zacks Investment Management boosted its position in shares of Kroger by 0.9% during the 2nd quarter. Zacks Investment Management now owns 104,031 shares of the company’s stock worth $2,426,000 after purchasing an additional 965 shares during the period. 79.59% of the stock is owned by institutional investors and hedge funds.
In other news, insider Christopher T. Hjelm sold 16,530 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $27.00, for a total value of $446,310.00. Following the sale, the insider now directly owns 243,784 shares in the company, valued at approximately $6,582,168. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the sale, the vice president now owns 25,956 shares in the company, valued at $664,733.16. The disclosure for this sale can be found here. Insiders sold a total of 58,868 shares of company stock worth $1,607,426 over the last 90 days. Company insiders own 0.87% of the company’s stock.
A number of equities analysts recently weighed in on KR shares. Oppenheimer reaffirmed a “hold” rating and set a $22.00 price objective on shares of Kroger in a research report on Wednesday, October 4th. Stephens raised shares of Kroger from an “underweight” rating to an “equal weight” rating and set a $36.44 price objective for the company in a research report on Thursday, October 12th. UBS Group reiterated a “hold” rating and set a $24.00 target price on shares of Kroger in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Kroger from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $26.00 target price on shares of Kroger in a report on Friday, November 3rd. Seventeen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $29.48.
Shares of Kroger Co (NYSE KR) traded up $0.44 on Wednesday, hitting $28.67. 7,570,000 shares of the stock were exchanged, compared to its average volume of 9,950,000. Kroger Co has a fifty-two week low of $19.69 and a fifty-two week high of $34.99. The firm has a market cap of $25,270.00, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 3.70 and a beta of 0.93. 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 announced its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. During the same period last year, the business earned $0.41 EPS. The company’s revenue was up 4.5% on a year-over-year basis. equities research analysts expect that Kroger Co will post 2.04 EPS for the current year.
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Kroger Company Profile
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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