Trust Department MB Financial Bank N A Cuts Holdings in Kroger Co (KR)

Trust Department MB Financial Bank N A decreased its holdings in shares of Kroger Co (NYSE:KR) by 31.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,555 shares of the company’s stock after selling 2,542 shares during the quarter. Trust Department MB Financial Bank N A’s holdings in Kroger were worth $153,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in KR. IHT Wealth Management LLC lifted its holdings in shares of Kroger by 122.1% during the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock worth $376,000 after buying an additional 1,523 shares in the last quarter. Howe & Rusling Inc. acquired a new stake in shares of Kroger during the third quarter worth $103,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Kroger during the second quarter worth $128,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Kroger by 85.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after buying an additional 2,708 shares in the last quarter. Finally, Balentine LLC lifted its holdings in shares of Kroger by 1,263.2% during the second quarter. Balentine LLC now owns 6,380 shares of the company’s stock worth $149,000 after buying an additional 5,912 shares in the last quarter. 79.59% of the stock is owned by institutional investors and hedge funds.

In other news, VP Michael Joseph Donnelly sold 15,400 shares of Kroger stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $27.66, for a total transaction of $425,964.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher T. Hjelm sold 16,530 shares of Kroger stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $27.00, for a total value of $446,310.00. Following the sale, the insider now directly owns 243,784 shares in the company, valued at $6,582,168. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,868 shares of company stock worth $1,607,426. Company insiders own 0.87% of the company’s stock.

A number of research firms have recently weighed in on KR. Wells Fargo & Co reissued an “outperform” rating and set a $26.00 target price on shares of Kroger in a report on Friday, November 3rd. Zacks Investment Research cut Kroger from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Goldman Sachs Group restated a “neutral” rating and issued a $22.00 price target on shares of Kroger in a research report on Tuesday, November 14th. BMO Capital Markets set a $29.00 price target on Kroger and gave the stock a “hold” rating in a research report on Friday, December 1st. Finally, Moffett Nathanson initiated coverage on Kroger in a research report on Monday, December 4th. They issued a “buy” rating on the stock. Seventeen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Kroger has a consensus rating of “Hold” and a consensus target price of $29.80.

Kroger Co (NYSE KR) traded up $0.06 during trading on Tuesday, reaching $28.14. The company’s stock had a trading volume of 10,081,600 shares, compared to its average volume of 10,221,756. Kroger Co has a 1 year low of $19.69 and a 1 year high of $34.99. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. The company has a market capitalization of $24,960.00, a PE ratio of 16.75, a PEG ratio of 3.70 and a beta of 0.93.

Kroger (NYSE:KR) last released its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. research analysts forecast that Kroger Co will post 2.04 earnings per share for the current year.

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About Kroger

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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