J.P. Morgan Private Wealth Advisors LLC Takes $1.59 Million Position in The Kroger Co. (NYSE:KR)

J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of The Kroger Co. (NYSE:KRFree Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 35,618 shares of the company’s stock, valued at approximately $1,594,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ICA Group Wealth Management LLC increased its stake in Kroger by 12.2% in the 1st quarter. ICA Group Wealth Management LLC now owns 1,880 shares of the company’s stock valued at $93,000 after buying an additional 205 shares during the last quarter. Bison Wealth LLC increased its stake in Kroger by 2.7% in the 2nd quarter. Bison Wealth LLC now owns 7,859 shares of the company’s stock valued at $369,000 after buying an additional 206 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Kroger by 1.2% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 17,802 shares of the company’s stock valued at $879,000 after buying an additional 206 shares during the last quarter. United Capital Financial Advisers LLC increased its stake in Kroger by 1.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 11,571 shares of the company’s stock valued at $664,000 after buying an additional 221 shares during the last quarter. Finally, Legacy Capital Group California Inc. increased its stake in Kroger by 2.7% in the 2nd quarter. Legacy Capital Group California Inc. now owns 8,381 shares of the company’s stock valued at $394,000 after buying an additional 222 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Kroger Stock Performance

Shares of KR stock opened at $45.41 on Monday. The company has a market capitalization 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 quick ratio of 0.33 and a current ratio of 0.80. The company has a 50-day simple moving average of $45.57 and a 200 day simple moving average of $45.58. The Kroger Co. has a 52 week low of $42.10 and a 52 week high of $50.36.

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. The business had revenue of $33.96 billion during the quarter, compared to the consensus estimate of $33.90 billion. Kroger had a net margin of 1.27% and a return on equity of 30.22%. Kroger’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. On average, sell-side analysts predict that The Kroger Co. will post 4.56 earnings per share for the current year.

Kroger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Wednesday, February 14th. Kroger’s dividend payout ratio is currently 45.14%.

Wall Street Analysts Forecast Growth

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

Read 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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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