United Capital Financial Advisers LLC lowered its stake in shares of Kroger Co (NYSE:KR) by 13.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,855 shares of the company’s stock after selling 2,974 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Kroger were worth $431,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors purchased a new stake in Kroger in the 2nd quarter valued at approximately $26,000. Sageworth Trust Co acquired a new stake in shares of Kroger during the 2nd quarter valued at approximately $33,000. Capital Investment Advisory Services LLC lifted its position in shares of Kroger by 57.2% during the 2nd 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. Penserra Capital Management LLC acquired a new stake in shares of Kroger during the 1st quarter valued at approximately $38,000. Finally, Enterprise Financial Services Corp lifted its position in shares of Kroger by 151.6% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,935 shares of the company’s stock valued at $41,000 after acquiring an additional 1,166 shares during the period. 80.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kroger stock traded up $0.07 during trading on Tuesday, hitting $25.79. 117,853 shares of the company were exchanged, compared to its average volume of 9,870,090. The company has a quick ratio of 0.27, a current ratio of 0.76 and a debt-to-equity ratio of 2.15. Kroger Co has a fifty-two week low of $20.70 and a fifty-two week high of $31.98. The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 1.85 and a beta of 0.56. The firm has a 50 day moving average price of $24.02 and a 200 day moving average price of $23.82.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.48%. Kroger’s dividend payout ratio is currently 30.33%.
A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $26.00 price target (up from $24.00) on shares of Kroger in a research report on Wednesday, September 4th. Bank of America set a $28.00 price target on shares of Kroger and gave the company a “buy” rating in a research report on Friday, September 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 price target (down from $29.00) on shares of Kroger in a research report on Friday, June 21st. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating and set a $26.00 price target for the company in a research report on Friday, May 31st. Finally, Morgan Stanley set a $26.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Kroger presently has a consensus rating of “Hold” and an average target price of $27.68.
In other Kroger news, VP Carin L. Fike sold 4,652 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $26.00, for a total value of $120,952.00. Following the completion of the transaction, the vice president now directly owns 33,796 shares in the company, valued at approximately $878,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Joseph Donnelly sold 1,574 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $26.46, for a total value of $41,648.04. Following the completion of the transaction, the chief operating officer now owns 324,209 shares of the company’s stock, valued at $8,578,570.14. The disclosure for this sale can be found here. Insiders have sold a total of 162,523 shares of company stock valued at $4,061,639 over the last 90 days. Insiders own 1.34% of the company’s stock.
Kroger Company Profile
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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