CENTRAL TRUST Co boosted its position in shares of The Kroger Co. (NYSE:KR – Free Report) by 18.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,280 shares of the company’s stock after buying an additional 669 shares during the quarter. CENTRAL TRUST Co’s holdings in Kroger were worth $211,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in Kroger by 1.5% during the first quarter. Nordea Investment Management AB now owns 1,129,151 shares of the company’s stock valued at $55,577,000 after buying an additional 17,072 shares during the period. Brookstone Capital Management grew its position in Kroger by 11.8% during the first quarter. Brookstone Capital Management now owns 28,414 shares of the company’s stock valued at $1,358,000 after buying an additional 3,007 shares during the period. Park Avenue Securities LLC grew its position in Kroger by 24.7% during the first quarter. Park Avenue Securities LLC now owns 32,260 shares of the company’s stock valued at $1,593,000 after buying an additional 6,383 shares during the period. Marshall Financial Group LLC grew its position in Kroger by 1.6% during the first quarter. Marshall Financial Group LLC now owns 41,411 shares of the company’s stock valued at $2,044,000 after buying an additional 666 shares during the period. Finally, J2 Capital Management Inc grew its position in Kroger by 73.9% during the first quarter. J2 Capital Management Inc now owns 12,573 shares of the company’s stock valued at $621,000 after buying an additional 5,342 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.
Insider Activity
In other news, SVP Timothy A. Massa sold 23,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 194,956 shares of the company’s stock, valued at approximately $9,348,140.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Timothy A. Massa sold 23,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 194,956 shares of the company’s stock, valued at approximately $9,348,140.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kenneth C. Kimball sold 29,024 shares of the company’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $48.39, for a total transaction of $1,404,471.36. Following the sale, the senior vice president now directly owns 90,732 shares in the company, valued at $4,390,521.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,024 shares of company stock valued at $3,694,571. Company insiders own 1.38% of the company’s stock.
Wall Street Analyst Weigh In
Kroger Price Performance
Shares of KR stock opened at $47.00 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.77 and a quick ratio of 0.36. The firm’s 50-day moving average is $47.56 and its two-hundred day moving average is $46.52. The Kroger Co. has a 12 month low of $41.81 and a 12 month high of $52.00. The company has a market capitalization of $33.73 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48.
Kroger (NYSE:KR – Free Report) last issued its earnings results on Thursday, June 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.05. The company had revenue of $45.17 billion for the quarter, compared to the consensus estimate of $45.26 billion. Kroger had a net margin of 1.71% and a return on equity of 30.96%. Kroger’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 earnings per share. Analysts predict that The Kroger Co. will post 4.51 earnings per share for the current year.
Kroger Profile
The Kroger Co operates as a food and drug 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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