Cambridge Investment Research Advisors Inc. raised its holdings in shares of The Kroger Co. (NYSE:KR – Free Report) by 2.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,701 shares of the company’s stock after purchasing an additional 3,173 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Kroger were worth $5,861,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. KB Financial Partners LLC purchased a new stake in Kroger in the first quarter worth approximately $28,000. Carmel Capital Partners LLC bought a new stake in shares of Kroger during the 1st quarter valued at $30,000. GPS Wealth Strategies Group LLC bought a new position in Kroger in the 1st quarter worth $31,000. Compagnie Lombard Odier SCmA bought a new position in shares of Kroger in the fourth quarter worth about $35,000. Finally, Resurgent Financial Advisors LLC bought a new position in shares of Kroger during the 4th quarter valued at approximately $35,000. Institutional investors own 78.98% of the company’s stock.
Kroger Stock Down 0.1 %
Shares of NYSE:KR opened at $45.66 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.36 and a debt-to-equity ratio of 1.14. The Kroger Co. has a 12 month low of $41.81 and a 12 month high of $50.41. The company has a 50-day moving average price of $47.21 and a 200 day moving average price of $47.52. The company has a market cap of $32.84 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.15 and a beta of 0.48.
Kroger Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.54%. The ex-dividend date is Tuesday, November 14th. Kroger’s payout ratio is currently 51.79%.
Insiders Place Their Bets
In other Kroger news, VP Carin L. Fike sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $46.50, for a total value of $279,000.00. Following the completion of the sale, the vice president now owns 44,090 shares of the company’s stock, valued at $2,050,185. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Timothy A. Massa sold 23,000 shares of Kroger stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $45.46, for a total transaction of $1,045,580.00. Following the completion of the sale, the senior vice president now owns 194,956 shares of the company’s stock, valued at $8,862,699.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 6,000 shares of Kroger stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $46.50, for a total transaction of $279,000.00. Following the sale, the vice president now directly owns 44,090 shares of the company’s stock, valued at approximately $2,050,185. The disclosure for this sale can be found here. 1.38% of the stock is owned by insiders.
Analyst Ratings Changes
KR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Kroger from $54.00 to $50.00 in a research note on Friday, June 16th. Evercore ISI lowered their price objective on Kroger from $56.00 to $54.00 in a research report on Friday, June 16th. Bank of America lowered their price objective on Kroger from $75.00 to $65.00 in a research report on Friday, June 16th. UBS Group lowered their price objective on Kroger from $51.00 to $48.00 in a research report on Monday, June 19th. Finally, StockNews.com upgraded Kroger from a “hold” rating to a “buy” rating in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $52.31.
Get Our Latest Stock Report on KR
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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