Kroger Co (KR) Holdings Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of Kroger Co (NYSE:KR) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 367,392 shares of the company’s stock after selling 13,236 shares during the quarter. Retirement Systems of Alabama’s holdings in Kroger were worth $10,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of KR. Millennium Management LLC grew its position in Kroger by 5,574.9% during the second quarter. Millennium Management LLC now owns 6,969,288 shares of the company’s stock worth $198,276,000 after buying an additional 6,846,478 shares during the period. Epoch Investment Partners Inc. acquired a new stake in shares of Kroger in the second quarter valued at approximately $154,021,000. BlackRock Inc. grew its position in shares of Kroger by 2.3% in the second quarter. BlackRock Inc. now owns 65,465,026 shares of the company’s stock valued at $1,862,480,000 after purchasing an additional 1,490,831 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of Kroger in the second quarter valued at approximately $41,899,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Kroger by 36.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,485,099 shares of the company’s stock valued at $156,053,000 after purchasing an additional 1,465,865 shares during the last quarter. Institutional investors own 79.38% of the company’s stock.

Shares of NYSE KR opened at $29.76 on Thursday. Kroger Co has a 1 year low of $20.56 and a 1 year high of $32.74. The company has a market cap of $21.99 billion, a P/E ratio of 14.59, a PEG ratio of 2.20 and a beta of 0.92. The company has a current ratio of 0.73, a quick ratio of 0.26 and a debt-to-equity ratio of 1.65.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The firm had revenue of $27.87 billion for the quarter, compared to analyst estimates of $27.95 billion. During the same quarter last year, the business earned $0.39 earnings per share. Kroger’s revenue was up 1.0% compared to the same quarter last year. Sell-side analysts anticipate that Kroger Co will post 2.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 15th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.88%. Kroger’s dividend payout ratio (DPR) is currently 27.45%.

Several analysts have recently commented on KR shares. Northcoast Research reiterated a “buy” rating and issued a $36.00 price target on shares of Kroger in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Monday, July 16th. Citigroup started coverage on shares of Kroger in a research report on Friday, July 6th. They issued a “buy” rating on the stock. Credit Suisse Group set a $32.00 price target on shares of Kroger and gave the company a “buy” rating in a research report on Friday, October 5th. Finally, Jefferies Financial Group increased their price target on shares of Kroger from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $30.40.

In other Kroger news, insider Erin S. Sharp sold 25,314 shares of the stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $29.00, for a total transaction of $734,106.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Clyde R. Moore sold 13,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $29.06, for a total transaction of $377,780.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,575 shares of company stock worth $1,422,559. 1.07% of the stock is owned by company insiders.

Kroger Profile

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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