American Trust Takes Position in The Kroger Co. (NYSE:KR)

American Trust bought a new position in shares of The Kroger Co. (NYSE:KRGet Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,915 shares of the company’s stock, valued at approximately $225,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC boosted its holdings in Kroger by 17.8% during the first quarter. Fieldpoint Private Securities LLC now owns 1,126 shares of the company’s stock worth $65,000 after buying an additional 170 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its stake in Kroger by 4.2% in the 1st quarter. Pinnacle Financial Partners Inc. now owns 4,772 shares of the company’s stock worth $274,000 after purchasing an additional 194 shares during the period. Brighton Jones LLC boosted its stake in Kroger by 1.3% in the 1st quarter. Brighton Jones LLC now owns 15,717 shares of the company’s stock worth $902,000 after purchasing an additional 197 shares during the period. City Holding Co. boosted its stake in Kroger by 19.7% in the 4th quarter. City Holding Co. now owns 1,215 shares of the company’s stock worth $57,000 after purchasing an additional 200 shares during the period. Finally, Diversified Trust Co boosted its stake in Kroger by 2.9% in the 1st quarter. Diversified Trust Co now owns 7,151 shares of the company’s stock worth $410,000 after purchasing an additional 200 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Kroger Stock Performance

NYSE:KR opened at $47.45 on Tuesday. The Kroger Co. has a 1 year low of $38.22 and a 1 year high of $62.78. The firm’s fifty day simple moving average is $47.92 and its 200 day simple moving average is $51.62. 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 firm has a market capitalization of $33.95 billion, a PE ratio of 14.42, a PEG ratio of 1.00 and a beta of 0.47.

Kroger (NYSE:KRGet Rating) last posted its earnings results on Friday, September 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. Kroger had a net margin of 1.70% and a return on equity of 31.72%. The business had revenue of $34.64 billion for the quarter, compared to analyst estimates of $34.44 billion. During the same period last year, the business posted $0.80 EPS. Kroger’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Kroger Co. will post 4.06 EPS for the current year.

Kroger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.19%. Kroger’s payout ratio is presently 31.61%.

Analyst Upgrades and Downgrades

KR has been the subject of a number of recent analyst reports. 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. Credit Suisse Group cut their target price on shares of Kroger from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, September 8th. Guggenheim reiterated a “buy” rating and issued a $57.00 target price on shares of Kroger in a research report on Friday, June 17th. Evercore ISI increased their target price on shares of Kroger from $51.00 to $54.00 and gave the stock an “in-line” rating in a research report on Monday, September 12th. Finally, Morgan Stanley increased their target price on shares of Kroger from $41.00 to $43.00 and gave the stock an “underweight” rating in a research report on Monday, September 12th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.89.

Kroger Company 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.

Read More

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:KRGet Rating).

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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.