Kestra Private Wealth Services LLC Buys 3,010 Shares of The Kroger Co. (NYSE:KR)

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Kestra Private Wealth Services LLC raised its holdings in The Kroger Co. (NYSE:KRFree Report) by 18.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,231 shares of the company’s stock after buying an additional 3,010 shares during the period. Kestra Private Wealth Services LLC’s holdings in Kroger were worth $1,302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Kroger in the 4th quarter valued at $598,390,000. Steadfast Capital Management LP bought a new position in Kroger during the 4th quarter worth $277,989,000. Junto Capital Management LP bought a new position in Kroger during the 4th quarter worth $264,207,000. Alyeska Investment Group L.P. acquired a new stake in Kroger during the 4th quarter worth about $123,829,000. Finally, FMR LLC grew its holdings in Kroger by 39.1% during the 4th quarter. FMR LLC now owns 7,054,824 shares of the company’s stock worth $431,402,000 after acquiring an additional 1,981,259 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Trading Up 0.9%

Shares of Kroger stock opened at $72.65 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.53 and a debt-to-equity ratio of 1.92. The Kroger Co. has a 12-month low of $50.69 and a 12-month high of $74.11. The firm has a market capitalization of $48.01 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.30 and a beta of 0.59. The firm’s 50 day simple moving average is $68.86 and its two-hundred day simple moving average is $66.67.

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Kroger (NYSE:KRGet Free Report) last released its quarterly earnings data on Friday, June 20th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The business had revenue of $45.12 billion for the quarter, compared to the consensus estimate of $45.35 billion. Kroger had a net margin of 1.76% and a return on equity of 30.01%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. Analysts predict that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Friday, August 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a boost from Kroger’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 1.93%. Kroger’s dividend payout ratio is currently 34.88%.

Insider Activity at Kroger

In other news, Director Clyde R. Moore sold 26,814 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $70.50, for a total value of $1,890,387.00. Following the completion of the sale, the director directly owned 99,143 shares in the company, valued at $6,989,581.50. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gabriel Arreaga sold 37,960 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $72.44, for a total transaction of $2,749,822.40. Following the completion of the sale, the executive vice president owned 75,218 shares of the company’s stock, valued at $5,448,791.92. This trade represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 198,948 shares of company stock valued at $14,422,926 in the last three months. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays started coverage on Kroger in a research note on Monday. They set an “equal weight” rating and a $75.00 price target for the company. JPMorgan Chase & Co. boosted their target price on Kroger from $72.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Melius Research upgraded Kroger from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 20th. Melius upgraded Kroger from a “sell” rating to a “hold” rating and set a $70.00 target price on the stock in a research note on Tuesday, May 20th. Finally, Evercore ISI cut their target price on Kroger from $76.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 17th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kroger presently has an average rating of “Moderate Buy” and an average target price of $70.16.

Get Our Latest Stock Analysis on Kroger

Kroger Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kroger (NYSE:KR)



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