Hexavest Inc. raised its holdings in Kroger Co (NYSE:KR) by 0.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,966,884 shares of the company’s stock after acquiring an additional 12,205 shares during the quarter. Hexavest Inc.’s holdings in Kroger were worth $53,991,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Howe & Rusling Inc. acquired a new stake in shares of Kroger in the 3rd quarter valued at $103,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Kroger in the 2nd quarter valued at $128,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Kroger by 85.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock valued at $137,000 after purchasing an additional 2,708 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in shares of Kroger by 38,135.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 13,000 shares of the company’s stock valued at $139,000 after purchasing an additional 12,966 shares in the last quarter. Finally, Citizens Financial Group Inc RI boosted its holdings in shares of Kroger by 4.3% in the 2nd quarter. Citizens Financial Group Inc RI now owns 6,165 shares of the company’s stock valued at $144,000 after purchasing an additional 255 shares in the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Jorge P. Montoya sold 10,000 shares of Kroger stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. Following the completion of the transaction, the director now directly owns 108,910 shares of the company’s stock, valued at approximately $2,938,391.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the transaction, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. Insiders have sold a total of 58,868 shares of company stock worth $1,607,426 over the last ninety days. Company insiders own 0.87% of the company’s stock.
Kroger (NYSE:KR) last announced its earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. equities research analysts forecast that Kroger Co will post 2.03 EPS for the current fiscal year.
KR has been the topic of several recent research reports. Pivotal Research set a $30.00 price objective on Kroger and gave the company a “buy” rating in a report on Saturday, December 2nd. ValuEngine downgraded Kroger from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Kroger from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. TheStreet raised Kroger from a “c+” rating to a “b” rating in a report on Wednesday, December 27th. Finally, Northcoast Research raised Kroger from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Seventeen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Kroger currently has an average rating of “Hold” and a consensus price target of $29.80.
Kroger Company Profile
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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