BNP Paribas Arbitrage SA Reduces Stock Holdings in The Kroger Co. (NYSE:KR)

BNP Paribas Arbitrage SA lowered its position in shares of The Kroger Co. (NYSE:KRGet Rating) by 15.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 523,740 shares of the company’s stock after selling 98,431 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.07% of Kroger worth $24,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KR. Vanguard Group Inc. lifted its position in Kroger by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 81,040,589 shares of the company’s stock worth $4,649,299,000 after acquiring an additional 2,062,188 shares during the period. Capital World Investors lifted its holdings in shares of Kroger by 8.7% in the 1st quarter. Capital World Investors now owns 17,022,070 shares of the company’s stock valued at $976,556,000 after buying an additional 1,355,600 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Kroger in the 1st quarter valued at about $71,410,000. Retirement Systems of Alabama lifted its holdings in shares of Kroger by 476.0% in the 2nd quarter. Retirement Systems of Alabama now owns 1,276,990 shares of the company’s stock valued at $60,440,000 after buying an additional 1,055,304 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Kroger by 291.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,189,735 shares of the company’s stock valued at $56,310,000 after buying an additional 885,697 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Evercore ISI raised Kroger from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $49.00 to $56.00 in a report on Wednesday, November 9th. UBS Group boosted their price objective on Kroger to $57.00 in a report on Tuesday, September 13th. Guggenheim decreased their price objective on Kroger to $50.00 in a report on Thursday, October 20th. StockNews.com assumed coverage on Kroger in a report on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Kroger from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, September 13th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.74.

Kroger Price Performance

KR stock opened at $47.84 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.72 and a quick ratio of 0.28. The business has a 50 day simple moving average of $45.78 and a 200-day simple moving average of $47.93. The firm has a market capitalization of $34.24 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 1.02 and a beta of 0.52. The Kroger Co. has a 1 year low of $40.18 and a 1 year high of $62.78.

Kroger (NYSE:KRGet Rating) last released its quarterly earnings data on Friday, September 9th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Kroger had a return on equity of 31.72% and a net margin of 1.70%. The firm had revenue of $34.64 billion for the quarter, compared to analysts’ expectations of $34.44 billion. During the same period in the prior year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts anticipate that The Kroger Co. will post 4.06 earnings per share for the current fiscal year.

Kroger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Monday, November 14th. Kroger’s dividend payout ratio is presently 31.61%.

Kroger Company Profile

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The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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