The Kroger Co. (NYSE:KR) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its position in shares of The Kroger Co. (NYSE:KRFree Report) by 14.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,938,273 shares of the company’s stock after selling 335,022 shares during the period. First Trust Advisors LP owned about 0.27% of Kroger worth $88,598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Kroger during the 4th quarter worth $229,863,000. Sanders Capital LLC boosted its stake in Kroger by 5.0% during the 4th quarter. Sanders Capital LLC now owns 23,786,389 shares of the company’s stock worth $1,087,276,000 after purchasing an additional 1,123,427 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in Kroger during the 3rd quarter worth $42,220,000. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Kroger during the 4th quarter worth $39,619,000. Finally, Mackenzie Financial Corp lifted its stake in shares of Kroger by 378.8% in the 4th quarter. Mackenzie Financial Corp now owns 765,445 shares of the company’s stock worth $34,988,000 after acquiring an additional 605,591 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, SVP Valerie L. Jabbar sold 15,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $55.52, for a total value of $832,800.00. Following the transaction, the senior vice president now owns 77,696 shares in the company, valued at approximately $4,313,681.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Kenneth C. Kimball sold 30,251 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $55.98, for a total value of $1,693,450.98. Following the transaction, the senior vice president now owns 105,298 shares in the company, valued at $5,894,582.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Valerie L. Jabbar sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.52, for a total value of $832,800.00. Following the completion of the transaction, the senior vice president now owns 77,696 shares in the company, valued at approximately $4,313,681.92. The disclosure for this sale can be found here. Insiders have sold 55,796 shares of company stock worth $3,118,767 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KR shares. Guggenheim raised their target price on shares of Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. StockNews.com upgraded shares of Kroger from a “buy” rating to a “strong-buy” rating in a report on Tuesday. BNP Paribas restated an “underperform” rating and set a $48.00 target price on shares of Kroger in a report on Monday, April 8th. Wells Fargo & Company upgraded shares of Kroger from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $58.00 to $65.00 in a report on Tuesday, April 16th. Finally, Evercore ISI lowered their price target on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kroger presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.17.

View Our Latest Stock Report on Kroger

Kroger Stock Performance

KR stock opened at $51.69 on Thursday. The Kroger Co. has a fifty-two week low of $42.10 and a fifty-two week high of $58.34. The company has a quick ratio of 0.36, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $37.30 billion, a P/E ratio of 17.46, a PEG ratio of 1.96 and a beta of 0.43. The company has a 50-day simple moving average of $54.98 and a 200 day simple moving average of $50.15.

Kroger (NYSE:KRGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.21. Kroger had a net margin of 1.44% and a return on equity of 31.44%. The company had revenue of $37.06 billion during the quarter, compared to the consensus estimate of $37.07 billion. During the same period in the prior year, the company earned $0.99 EPS. Kroger’s revenue was up 6.4% on a year-over-year basis. Sell-side analysts predict that The Kroger Co. will post 4.43 earnings per share for the current fiscal year.

Kroger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.24%. Kroger’s dividend payout ratio is 39.19%.

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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