5,555 Shares in Kroger Co (KR) Acquired by Gradient Investments LLC
Gradient Investments LLC acquired a new stake in shares of Kroger Co (NYSE:KR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,555 shares of the company’s stock, valued at approximately $152,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in KR. Bessemer Group Inc. increased its holdings in shares of Kroger by 97.2% during the fourth quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock worth $136,000 after buying an additional 2,455 shares in the last quarter. Howe & Rusling Inc. acquired a new position in shares of Kroger during the third quarter worth $103,000. SeaCrest Wealth Management LLC acquired a new position in shares of Kroger during the fourth quarter worth $162,000. Atlas Brown Inc. acquired a new position in shares of Kroger during the fourth quarter worth $203,000. Finally, Investors Asset Management of Georgia Inc. GA ADV acquired a new position in shares of Kroger during the fourth quarter worth $202,000. Institutional investors and hedge funds own 80.55% of the company’s stock.
Shares of Kroger Co (KR) opened at $28.12 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. The company has a market cap of $23,973.04, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 4.43 and a beta of 0.95. Kroger Co has a 1 year low of $19.69 and a 1 year high of $34.75.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.78%. Kroger’s dividend payout ratio (DPR) is currently 29.76%.
Several research analysts have recently issued reports on KR shares. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Goldman Sachs Group reiterated a “neutral” rating and set a $22.00 price target on shares of Kroger in a report on Tuesday, November 14th. Citigroup upped their price target on shares of Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. Wells Fargo & Co reiterated an “outperform” rating and set a $26.00 price target on shares of Kroger in a report on Friday, November 3rd. Finally, ValuEngine downgraded shares of Kroger from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Seventeen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.52.
In other Kroger news, VP Michael Joseph Donnelly sold 40,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $30.64, for a total transaction of $1,225,600.00. Following the sale, the vice president now owns 319,124 shares of the company’s stock, valued at $9,777,959.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of the company’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 sale, the vice president now directly owns 25,956 shares in the company, valued at approximately $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 in the last ninety days. Insiders own 0.87% of the company’s stock.
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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