Gateway Investment Advisers LLC trimmed its position in shares of Kroger Co (NYSE:KR) by 3.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,438 shares of the company’s stock after selling 5,267 shares during the period. Gateway Investment Advisers LLC’s holdings in Kroger were worth $4,379,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in KR. Landaas & Co. WI ADV acquired a new position in Kroger in the second quarter valued at approximately $100,000. CSat Investment Advisory L.P. acquired a new position in Kroger in the second quarter valued at approximately $109,000. Bridgeworth LLC acquired a new position in Kroger in the second quarter valued at approximately $109,000. Creative Financial Designs Inc. ADV boosted its holdings in Kroger by 100.2% in the second quarter. Creative Financial Designs Inc. ADV now owns 5,170 shares of the company’s stock valued at $147,000 after purchasing an additional 2,587 shares in the last quarter. Finally, First Hawaiian Bank acquired a new position in Kroger in the third quarter valued at approximately $148,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.
In other news, insider Erin S. Sharp sold 25,314 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total transaction of $734,106.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Calvin J. Kaufman sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $27.47, for a total value of $288,435.00. Following the sale, the senior vice president now owns 124,688 shares of the company’s stock, valued at approximately $3,425,179.36. The disclosure for this sale can be found here. Insiders have sold 36,575 shares of company stock valued at $1,044,779 in the last 90 days. Company insiders own 1.07% of the company’s stock.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, September 13th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The business had revenue of $27.87 billion during the quarter, compared to the consensus estimate of $27.95 billion. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. On average, sell-side analysts predict that Kroger Co will post 2.11 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Wednesday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 27.45%.
A number of equities analysts recently issued reports on the company. MED assumed coverage on Kroger in a report on Monday, July 2nd. They issued a “hold” rating and a $30.00 price target for the company. They noted that the move was a valuation call. Citigroup reaffirmed a “buy” rating and issued a $34.00 price target on shares of Kroger in a report on Tuesday, June 26th. Pivotal Research downgraded Kroger from a “buy” rating to a “hold” rating and upped their price target for the company from $30.00 to $31.00 in a report on Monday, June 25th. Jefferies Financial Group upped their price target on Kroger from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, June 22nd. Finally, Wolfe Research downgraded Kroger from a “market perform” rating to an “underperform” rating in a report on Monday, June 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.16.
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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