Renaissance Technologies LLC Purchases New Shares in Kroger Co (NYSE:KR)

Renaissance Technologies LLC purchased a new stake in shares of Kroger Co (NYSE:KR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,615,100 shares of the company’s stock, valued at approximately $35,064,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors purchased a new position in shares of Kroger in the second quarter worth about $26,000. Sageworth Trust Co bought a new position in shares of Kroger in the second quarter valued at approximately $33,000. Penserra Capital Management LLC bought a new position in shares of Kroger in the first quarter valued at approximately $38,000. Capital Investment Advisory Services LLC boosted its position in shares of Kroger by 57.2% in the second quarter. Capital Investment Advisory Services LLC now owns 1,787 shares of the company’s stock valued at $37,000 after acquiring an additional 650 shares during the period. Finally, Farmers National Bank bought a new position in shares of Kroger in the first quarter valued at approximately $46,000. 80.64% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the stock. Bank of America cut their price objective on shares of Kroger from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Guggenheim set a $26.00 target price on shares of Kroger and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Credit Suisse Group reiterated an “outperform” rating and set a $29.00 target price (up from $27.00) on shares of Kroger in a research report on Friday. ValuEngine upgraded shares of Kroger from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Sanford C. Bernstein upgraded shares of Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research report on Monday, May 20th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $28.18.



Shares of KR traded up $0.35 during mid-day trading on Friday, reaching $25.94. The company’s stock had a trading volume of 260,472 shares, compared to its average volume of 7,947,258. The stock has a market cap of $20.62 billion, a PE ratio of 12.28, a P/E/G ratio of 1.83 and a beta of 0.56. The company has a current ratio of 0.75, a quick ratio of 0.25 and a debt-to-equity ratio of 2.16. Kroger Co has a 52 week low of $20.70 and a 52 week high of $31.98. The company’s fifty day moving average price is $23.07 and its two-hundred day moving average price is $23.97.

Kroger (NYSE:KR) last issued its earnings results on Thursday, September 12th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Kroger had a net margin of 1.54% and a return on equity of 21.79%. The company had revenue of $28.17 billion for the quarter, compared to the consensus estimate of $28.34 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Research analysts anticipate that Kroger Co will post 2.17 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.47%. This is an increase from Kroger’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, August 14th. Kroger’s payout ratio is presently 30.33%.

In other Kroger news, Director Ronald Sargent bought 5,000 shares of Kroger stock in a transaction dated Tuesday, July 2nd. The shares were purchased at an average cost of $21.49 per share, with a total value of $107,450.00. Following the transaction, the director now directly owns 94,660 shares of the company’s stock, valued at $2,034,243.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan J. Kropf sold 13,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $21.64, for a total transaction of $281,320.00. Following the completion of the sale, the director now directly owns 101,171 shares in the company, valued at $2,189,340.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,600 shares of company stock worth $955,450. 1.34% of the stock is owned by insiders.

About Kroger

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.

Featured Story: Resistance Level

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Co (NYSE:KR).

Institutional Ownership by Quarter for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.