LSV Asset Management lifted its holdings in shares of Kroger Co (NYSE:KR) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,412,468 shares of the company’s stock after purchasing an additional 361,800 shares during the period. Kroger accounts for 0.8% of LSV Asset Management’s holdings, making the stock its 24th biggest holding. LSV Asset Management’s holdings in Kroger were worth $502,146,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of KR. Mid Atlantic Financial Management Inc. ADV acquired a new position in Kroger in the first quarter valued at $314,000. Mason Street Advisors LLC lifted its holdings in Kroger by 1.2% in the first quarter. Mason Street Advisors LLC now owns 113,808 shares of the company’s stock valued at $2,800,000 after buying an additional 1,302 shares during the period. Cadence Capital Management LLC acquired a new position in Kroger in the first quarter valued at $254,000. Equity Investment Corp lifted its holdings in Kroger by 45.4% in the first quarter. Equity Investment Corp now owns 3,202,609 shares of the company’s stock valued at $78,784,000 after buying an additional 1,000,309 shares during the period. Finally, Trustcore Financial Services LLC acquired a new position in shares of Kroger during the first quarter valued at about $71,000. Institutional investors own 83.32% of the company’s stock.
In other Kroger news, VP Michael Joseph Donnelly sold 10,916 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $25.83, for a total value of $281,960.28. Following the completion of the sale, the vice president now directly owns 351,095 shares of the company’s stock, valued at approximately $9,068,783.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christine S. Wheatley sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $25.21, for a total transaction of $37,815.00. Following the completion of the sale, the insider now directly owns 126,054 shares of the company’s stock, valued at $3,177,821.34. The disclosure for this sale can be found here. Insiders sold a total of 108,416 shares of company stock valued at $2,694,175 over the last ninety days. 1.07% of the stock is currently owned by insiders.
Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.03). Kroger had a return on equity of 23.50% and a net margin of 2.57%. The firm had revenue of $28.09 billion during the quarter, compared to the consensus estimate of $28.38 billion. During the same period in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, equities analysts predict that Kroger Co will post 2.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, May 14th. Kroger’s payout ratio is 26.54%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine lowered shares of Kroger from a “hold” rating to a “sell” rating in a report on Friday. Evercore ISI assumed coverage on shares of Kroger in a report on Wednesday, March 20th. They set an “in-line” rating and a $27.00 price objective on the stock. Scotiabank set a $32.00 price objective on shares of Kroger and gave the company a “buy” rating in a report on Friday, March 8th. Finally, Pivotal Research reiterated a “hold” rating and set a $26.00 price objective (down previously from $31.00) on shares of Kroger in a report on Friday, March 8th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Kroger has a consensus rating of “Hold” and a consensus target price of $30.33.
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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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