Secure Asset Management LLC lowered its stake in shares of The Kroger Co. (NYSE:KR – Get Rating) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,165 shares of the company's stock after selling 424 shares during the quarter. Kroger comprises approximately 0.8% of Secure Asset Management LLC's investment portfolio, making the stock its 20th largest holding. Secure Asset Management LLC's holdings in Kroger were worth $1,522,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Key Financial Inc increased its holdings in Kroger by 81.6% in the 1st quarter. Key Financial Inc now owns 445 shares of the company's stock worth $26,000 after buying an additional 200 shares during the period. Hoey Investments Inc. acquired a new position in Kroger in the 1st quarter worth approximately $29,000. Newbridge Financial Services Group Inc. acquired a new position in Kroger in the 1st quarter worth approximately $29,000. JFS Wealth Advisors LLC increased its holdings in Kroger by 179.5% in the 1st quarter. JFS Wealth Advisors LLC now owns 531 shares of the company's stock worth $30,000 after buying an additional 341 shares during the period. Finally, Okabena Investment Services Inc. acquired a new position in Kroger in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 79.05% of the company's stock.
Get
Kroger alerts:
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on KR. Credit Suisse Group dropped their price objective on shares of Kroger from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, September 8th. MKM Partners raised their price objective on shares of Kroger from $48.00 to $55.00 in a research note on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kroger from $53.00 to $54.00 and gave the stock a "hold" rating in a research note on Tuesday, September 13th. Guggenheim reaffirmed a "buy" rating and set a $57.00 price objective on shares of Kroger in a research note on Friday, June 17th. Finally, StockNews.com upgraded Kroger from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 20th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $52.89.
Kroger Price Performance
KR stock traded down $0.73 during midday trading on Thursday, reaching $44.72. The stock had a trading volume of 104,845 shares, compared to its average volume of 6,658,469. The company's fifty day simple moving average is $47.60 and its 200 day simple moving average is $51.07. The company has a current ratio of 0.72, a quick ratio of 0.28 and a debt-to-equity ratio of 1.30. The company has a market cap of $32.01 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 0.93 and a beta of 0.47. The Kroger Co. has a 52-week low of $38.22 and a 52-week high of $62.78.
Kroger (NYSE:KR – Get Rating) last issued its earnings results on Friday, September 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.06. Kroger had a return on equity of 31.72% and a net margin of 1.70%. The business had revenue of $34.64 billion during the quarter, compared to the consensus estimate of $34.44 billion. During the same period last year, the company earned $0.80 EPS. The company's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts predict that The Kroger Co. will post 4.06 earnings per share for the current fiscal year.
Kroger Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, November 14th. Kroger's dividend payout ratio (DPR) is presently 31.61%.
Kroger Profile
(Get Rating)
The Kroger Co operates as a 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
- Get a free copy of the StockNews.com research report on Kroger (KR)
- This Small-Cap Healthcare Name Is Outperforming Its Index
- 2 Casino Stocks Worth Taking a Look At
- What Cintas Can Teach Investors About This Bear Market?
- Blackberry Stock Declines As Results Come In Lukewarm Once Again
- A Trio of Q3 Winners With Room to Run
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 – Get Rating).
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.com's FREE daily email newsletter.
