The Kroger Co. (NYSE:KR) Holdings Reduced by Bokf Na

Posted by on Jun 12th, 2023

Bokf Na decreased its position in The Kroger Co. (NYSE:KR – Get Rating) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,445 shares of the company’s stock after selling 370 shares during the period. Bokf Na’s holdings in Kroger were worth $689,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Accurate Wealth Management LLC bought a new position in shares of Kroger in the fourth quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. bought a new position in shares of Kroger in the fourth quarter valued at approximately $29,000. Retirement Financial Solutions LLC bought a new position in shares of Kroger in the fourth quarter valued at approximately $30,000. RFP Financial Group LLC bought a new position in shares of Kroger in the fourth quarter valued at approximately $31,000. Finally, Horizon Bancorp Inc. IN bought a new position in shares of Kroger in the fourth quarter valued at approximately $32,000. Institutional investors own 78.03% of the company’s stock.

Wall Street Analysts Forecast Growth

KR has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of Kroger from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $50.00 to $54.00 in a report on Friday, March 3rd. Roth Capital restated a “neutral” rating on shares of Kroger in a report on Friday, March 3rd. Morgan Stanley raised their target price on shares of Kroger from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, March 3rd. Northcoast Research upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, March 20th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Kroger from $51.00 to $53.00 and gave the stock a “hold” rating in a report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.31.

Insider Activity

In related news, SVP Timothy A. Massa sold 23,000 shares of the firm’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $47.95, for a total value of $1,102,850.00. Following the transaction, the senior vice president now directly owns 194,956 shares in the company, valued at approximately $9,348,140.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Kroger news, CFO Gary Millerchip sold 30,182 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $48.88, for a total value of $1,475,296.16. Following the sale, the chief financial officer now directly owns 185,423 shares in the company, valued at approximately $9,063,476.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy A. Massa sold 23,000 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $47.95, for a total transaction of $1,102,850.00. Following the completion of the sale, the senior vice president now owns 194,956 shares in the company, valued at $9,348,140.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,091 shares of company stock worth $6,584,518. 1.38% of the stock is owned by corporate insiders.

Kroger Stock Down 0.2 %

KR stock traded down $0.09 during midday trading on Monday, reaching $46.08. The company had a trading volume of 1,519,238 shares, compared to its average volume of 5,296,664. The Kroger Co. has a 1 year low of $41.81 and a 1 year high of $52.00. The company has a current ratio of 0.74, a quick ratio of 0.30 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $33.07 billion, a P/E ratio of 15.04, a PEG ratio of 1.70 and a beta of 0.47. The company has a 50 day moving average of $48.06 and a two-hundred day moving average of $46.62.

About Kroger

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The Kroger Co engages in the operation of supermarkets and multi-department stores. Its brands include Big K, Check This Out?, Heritage Farm, Simple Truth, and Simple Truth Organic. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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