Tredje AP fonden cut its stake in shares of Kroger Co (NYSE:KR) by 43.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,256 shares of the company’s stock after selling 45,497 shares during the period. Tredje AP fonden’s holdings in Kroger were worth $2,185,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its holdings in Kroger by 40.0% during the 4th quarter. FMR LLC now owns 38,713,521 shares of the company’s stock worth $1,122,305,000 after buying an additional 11,052,918 shares during the period. Norges Bank purchased a new position in shares of Kroger in the fourth quarter worth approximately $243,211,000. Renaissance Technologies LLC increased its position in shares of Kroger by 104.1% in the fourth quarter. Renaissance Technologies LLC now owns 9,072,644 shares of the company’s stock worth $263,016,000 after acquiring an additional 4,627,100 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Kroger by 20.1% during the fourth quarter. Capital Research Global Investors now owns 12,052,725 shares of the company’s stock valued at $349,408,000 after acquiring an additional 2,013,232 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Kroger by 2.9% in the 1st quarter. BlackRock Inc. now owns 59,699,457 shares of the company’s stock valued at $1,798,146,000 after acquiring an additional 1,701,261 shares in the last quarter. 81.19% of the stock is owned by institutional investors and hedge funds.
Shares of KR stock traded up $0.25 on Friday, hitting $32.37. The company’s stock had a trading volume of 6,131,932 shares, compared to its average volume of 9,557,584. The stock has a market capitalization of $25.25 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 2.67 and a beta of 0.37. Kroger Co has a fifty-two week low of $20.70 and a fifty-two week high of $36.84. The firm’s fifty day moving average price is $32.26 and its 200-day moving average price is $29.50. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.76 and a quick ratio of 0.27.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, May 14th. Kroger’s payout ratio is 29.09%.
Several analysts have issued reports on KR shares. Telsey Advisory Group raised shares of Kroger from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $33.00 to $39.00 in a research note on Wednesday, March 18th. BNP Paribas initiated coverage on Kroger in a research report on Thursday, March 26th. They set an “underperform” rating and a $28.00 price target on the stock. Bank of America raised their price objective on Kroger from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. ValuEngine cut Kroger from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Kroger from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $32.86.
In other Kroger news, SVP Timothy A. Massa sold 8,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $31.37, for a total transaction of $250,960.00. Following the completion of the transaction, the senior vice president now owns 152,917 shares of the company’s stock, valued at approximately $4,797,006.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bobby S. Shackouls sold 7,800 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $33.76, for a total transaction of $263,328.00. Following the sale, the director now owns 52,445 shares of the company’s stock, valued at $1,770,543.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,100 shares of company stock valued at $615,796. Corporate insiders own 1.34% of the company’s stock.
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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