2 weeks Ago By ABMN Staff
LPL Financial LLC grew its stake in The Kroger Co. ( NYSE:KR – Free Report ) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 505,905 shares of the company’s stock after purchasing an additional 7,935 shares during the period. LPL Financial LLC owned approximately 0.07% of Kroger worth $30,936,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. State Street Corp grew its holdings in shares of Kroger by 6.8% in the 3rd quarter.
State Street Corp now owns 33,057,629 shares of the company’s stock worth $1,894,202,000 after purchasing an additional 2,110,681 shares during the last quarter. Geode Capital Management LLC grew its stake in Kroger by 0.8% during the third quarter.
Geode Capital Management LLC now owns 16,019,726 shares of the company’s stock worth $914,795,000 after buying an additional 126,303 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Kroger by 0.
6% in the third quarter. JPMorgan Chase & Co. now owns 6,164,855 shares of the company’s stock valued at $353,246,000 after acquiring an additional 37,222 shares during the last quarter.
Charles Schwab Investment Management Inc. raised its stake in shares of Kroger by 3.0% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 5,035,732 shares of the company’s stock valued at $307,935,000 after acquiring an additional 144,845 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Kroger by 3.
8% in the 4th quarter. Nordea Investment Management AB now owns 4,052,534 shares of the company’s stock worth $249,717,000 after acquiring an additional 148,221 shares in the last quarter. 80.
93% of the stock is owned by institutional investors and hedge funds. Kroger Stock Performance Shares of NYSE:KR opened at $66.77 on Friday.
The firm’s 50 day simple moving average is $64.04 and its 200 day simple moving average is $60.36.
The Kroger Co. has a fifty-two week low of $49.04 and a fifty-two week high of $68.
51. The company has a market capitalization of $48.32 billion, a price-to-earnings ratio of 17.
66, a P/E/G ratio of 2.85 and a beta of 0.51.
The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.
07. Kroger Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be issued a $0.
32 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.
28 annualized dividend and a dividend yield of 1.92%. Kroger’s dividend payout ratio (DPR) is currently 34.
88%. Kroger declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback $7.50 billion in shares.
This buyback authorization permits the company to repurchase up to 16.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Analyst Ratings Changes Several equities analysts have issued reports on the company. Roth Capital set a $58.00 price objective on Kroger in a research report on Thursday, March 6th.
Wells Fargo & Company lifted their price target on Kroger from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, December 12th.
The Goldman Sachs Group restated a “buy” rating and issued a $70.00 price objective on shares of Kroger in a research report on Tuesday, February 4th. JPMorgan Chase & Co.
upped their target price on shares of Kroger from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th.
Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $73.00 price target on shares of Kroger in a report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company.
According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.88.
Read Our Latest Report on KR Insider Activity In other Kroger news, VP Brian W. Nichols sold 1,300 shares of Kroger stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $66.
71, for a total value of $86,723.00. Following the transaction, the vice president now owns 12,090 shares of the company’s stock, valued at approximately $806,523.
90. The trade was a 9.71 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available through the SEC website . Also, VP Carin L. Fike sold 4,492 shares of the stock in a transaction on Monday, March 17th.
The stock was sold at an average price of $66.53, for a total transaction of $298,852.76.
Following the sale, the vice president now directly owns 3,480 shares of the company’s stock, valued at $231,524.40. This represents a 56.
35 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 223,244 shares of company stock worth $15,001,418 in the last 90 days.
Corporate insiders own 1.40% of the company’s stock. 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. See Also Want to see what other hedge funds are holding KR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Kroger Co. ( NYSE:KR – Free Report ). Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.
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