Goelzer Investment Management Inc. boosted its position in shares of Kroger Co (NYSE:KR) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,090 shares of the company’s stock after acquiring an additional 2,895 shares during the period. Goelzer Investment Management Inc.’s holdings in Kroger were worth $4,998,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KR. Howe & Rusling Inc. acquired a new position in shares of Kroger during the third quarter valued at about $103,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Kroger during the second quarter valued at about $128,000. Bessemer Group Inc. raised its position in shares of Kroger by 97.2% during the fourth quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock valued at $136,000 after buying an additional 2,455 shares during the last quarter. Archford Capital Strategies LLC raised its position in shares of Kroger by 38,135.3% during the second quarter. Archford Capital Strategies LLC now owns 13,000 shares of the company’s stock valued at $139,000 after buying an additional 12,966 shares during the last quarter. Finally, Clear Perspective Advisors LLC acquired a new position in shares of Kroger during the third quarter valued at about $160,000. 79.59% of the stock is owned by hedge funds and other institutional investors.

Kroger Co (NYSE KR) opened at $27.57 on Friday. Kroger Co has a 52-week low of $19.69 and a 52-week high of $34.75. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. The stock has a market cap of $25,471.36, a PE ratio of 16.41, a P/E/G ratio of 4.80 and a beta of 0.95.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. analysts expect that Kroger Co will post 2.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.50 annualized dividend and a yield of 1.81%. Kroger’s dividend payout ratio is 29.76%.

A number of research analysts have recently commented on KR shares. Northcoast Research raised shares of Kroger from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Oppenheimer reaffirmed a “hold” rating and set a $26.00 price objective on shares of Kroger in a research report on Monday, December 4th. Citigroup upped their price objective on shares of Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Zacks Investment Research lowered shares of Kroger from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine lowered shares of Kroger from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Seventeen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $29.52.

In other Kroger news, COO Michael Joseph Donnelly sold 15,400 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $27.66, for a total transaction of $425,964.00. Following the sale, the chief operating officer now directly owns 290,353 shares of the company’s stock, valued at $8,031,163.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now directly owns 25,956 shares in the company, valued at $664,733.16. The disclosure for this sale can be found here. Insiders have sold 117,868 shares of company stock worth $3,403,416 over the last ninety days. Insiders own 0.85% of the company’s stock.

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Kroger 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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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