Janney Montgomery Scott LLC Grows Position in The Kroger Co. (NYSE:KR)

Janney Montgomery Scott LLC raised its position in The Kroger Co. (NYSE:KRFree Report) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 160,073 shares of the company’s stock after buying an additional 2,508 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kroger were worth $7,163,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Synovus Financial Corp boosted its position in Kroger by 6.3% during the 1st quarter. Synovus Financial Corp now owns 12,869 shares of the company’s stock valued at $739,000 after purchasing an additional 764 shares during the period. Cibc World Market Inc. raised its stake in Kroger by 30.2% during the 1st quarter. Cibc World Market Inc. now owns 29,150 shares of the company’s stock valued at $1,672,000 after acquiring an additional 6,764 shares in the last quarter. Blair William & Co. IL raised its stake in Kroger by 7.1% during the 1st quarter. Blair William & Co. IL now owns 14,673 shares of the company’s stock valued at $842,000 after acquiring an additional 974 shares in the last quarter. Prudential PLC bought a new stake in shares of Kroger in the 1st quarter worth $1,443,000. Finally, Moors & Cabot Inc. raised its stake in shares of Kroger by 3.6% in the 1st quarter. Moors & Cabot Inc. now owns 7,703 shares of the company’s stock worth $442,000 after buying an additional 269 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Stock Performance

Shares of KR opened at $45.41 on Friday. The Kroger Co. has a one year low of $42.10 and a one year high of $50.36. The company has a 50-day moving average of $45.57 and a two-hundred day moving average of $45.60. The stock has a market cap of $32.67 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.37 and a beta of 0.45. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.80 and a quick ratio of 0.33.

Kroger (NYSE:KRGet Free Report) last announced its earnings results on Thursday, November 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Kroger had a net margin of 1.27% and a return on equity of 30.22%. The company had revenue of $33.96 billion during the quarter, compared to analysts’ expectations of $33.90 billion. During the same period last year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts expect that The Kroger Co. will post 4.56 earnings per share for the current year.

Kroger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s dividend payout ratio (DPR) is 45.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KR. JPMorgan Chase & Co. dropped their price objective on Kroger from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Friday, December 1st. Stephens dropped their price objective on Kroger from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, December 1st. TheStreet raised Kroger from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $55.00 price objective on shares of Kroger in a research note on Tuesday, January 16th. Finally, Morgan Stanley dropped their price objective on Kroger from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, December 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.30.

Get Our Latest Research Report on KR

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.

Further Reading

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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