Merriman Wealth Management LLC bought a new stake in Kroger Co (NYSE:KR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,188 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds also recently bought and sold shares of KR. O Shaughnessy Asset Management LLC lifted its stake in shares of Kroger by 87.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,092,982 shares of the company’s stock worth $60,740,000 after purchasing an additional 976,982 shares during the period. Dupont Capital Management Corp lifted its stake in shares of Kroger by 2,136.7% during the 3rd quarter. Dupont Capital Management Corp now owns 166,546 shares of the company’s stock worth $4,848,000 after purchasing an additional 159,100 shares during the period. IFG Advisory LLC purchased a new position in shares of Kroger during the 3rd quarter worth $216,000. Poplar Forest Capital LLC lifted its stake in shares of Kroger by 44.3% during the 3rd quarter. Poplar Forest Capital LLC now owns 757,374 shares of the company’s stock worth $22,047,000 after purchasing an additional 232,431 shares during the period. Finally, Gables Capital Management Inc. lifted its stake in shares of Kroger by 24.3% during the 3rd quarter. Gables Capital Management Inc. now owns 10,246 shares of the company’s stock worth $298,000 after purchasing an additional 2,000 shares during the period. 78.76% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Calvin J. Kaufman sold 10,500 shares of the stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $27.47, for a total value of $288,435.00. Following the completion of the sale, the senior vice president now directly owns 124,688 shares in the company, valued at approximately $3,425,179.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Erin S. Sharp sold 25,314 shares of the stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $29.00, for a total value of $734,106.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,575 shares of company stock valued at $1,422,559. 1.07% of the stock is owned by insiders.

A number of research firms have recently commented on KR. Jefferies Financial Group upped their price objective on Kroger from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Telsey Advisory Group upped their price objective on Kroger from $29.00 to $31.00 and gave the stock a “market perform” rating in a report on Wednesday, October 31st. UBS Group upped their price objective on Kroger from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Zacks Investment Research upgraded Kroger from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, July 16th. Finally, Northcoast Research restated a “buy” rating and set a $36.00 price objective on shares of Kroger in a report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $30.40.

Shares of NYSE KR opened at $31.39 on Friday. Kroger Co has a 12-month low of $21.25 and a 12-month high of $32.74. The firm has a market capitalization of $24.98 billion, a P/E ratio of 14.17, a P/E/G ratio of 2.20 and a beta of 0.77. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.73 and a quick ratio of 0.26.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The firm had revenue of $27.87 billion during the quarter, compared to the consensus estimate of $27.95 billion. During the same period in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts forecast that Kroger Co will post 2.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 15th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.56 annualized dividend and a yield of 1.78%. Kroger’s dividend payout ratio is currently 27.45%.

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Kroger Company Profile

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

Read More: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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