Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of The Kroger Co. (NYSE:KR – Free Report) by 9.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 139,286 shares of the company’s stock after selling 14,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Kroger were worth $6,545,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. KB Financial Partners LLC bought a new position in Kroger during the 1st quarter worth approximately $28,000. Carmel Capital Partners LLC bought a new position in shares of Kroger during the first quarter worth $30,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Kroger in the 1st quarter valued at $31,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Kroger in the 4th quarter valued at $35,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in Kroger during the 4th quarter worth $35,000. Institutional investors own 78.98% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on KR. Telsey Advisory Group restated an “outperform” rating and issued a $55.00 price target on shares of Kroger in a report on Wednesday, September 6th. 3M reissued a “maintains” rating on shares of Kroger in a research note on Friday, June 16th. StockNews.com lowered shares of Kroger from a “buy” rating to a “hold” rating in a research note on Monday. Evercore ISI lowered their price objective on shares of Kroger from $56.00 to $54.00 in a research report on Friday, June 16th. Finally, UBS Group cut their price objective on shares of Kroger from $51.00 to $48.00 in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Kroger presently has an average rating of “Hold” and an average target price of $52.33.
In related news, SVP Timothy A. Massa sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $45.46, for a total value of $1,045,580.00. Following the completion of the sale, the senior vice president now directly owns 194,956 shares in the company, valued at $8,862,699.76. The sale was disclosed in a filing with the SEC, which is available at this link. 1.38% of the stock is currently owned by company insiders.
Kroger Stock Performance
Shares of Kroger stock traded up $0.24 during trading on Thursday, hitting $45.35. 1,017,987 shares of the stock were exchanged, compared to its average volume of 5,111,510. The Kroger Co. has a 1-year low of $41.81 and a 1-year high of $50.41. The stock has a market capitalization of $32.55 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 2.23 and a beta of 0.48. The company has a fifty day moving average price of $47.36 and a 200-day moving average price of $47.47. The company has a current ratio of 0.77, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11.
Kroger (NYSE:KR – Get Free Report) last released its quarterly earnings data on Friday, September 8th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.05. The firm had revenue of $33.85 billion for the quarter, compared to analyst estimates of $34.12 billion. Kroger had a return on equity of 30.96% and a net margin of 1.71%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. As a group, equities analysts predict that The Kroger Co. will post 4.52 EPS for the current fiscal year.
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.
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