Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of The Kroger Co. (NYSE:KR – Get Rating) by 21.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 75,190 shares of the company’s stock after selling 20,673 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kroger were worth $4,314,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in KR. Key Financial Inc grew its stake in shares of Kroger by 81.6% in the 1st quarter. Key Financial Inc now owns 445 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Hoey Investments Inc. purchased a new stake in shares of Kroger in the 1st quarter worth approximately $29,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Kroger in the 1st quarter worth approximately $29,000. JFS Wealth Advisors LLC grew its stake in shares of Kroger by 179.5% in the 1st quarter. JFS Wealth Advisors LLC now owns 531 shares of the company’s stock worth $30,000 after buying an additional 341 shares during the last quarter. Finally, Okabena Investment Services Inc. purchased a new stake in shares of Kroger in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.
Kroger Price Performance
Shares of Kroger stock opened at $48.43 on Friday. The Kroger Co. has a one year low of $38.22 and a one year high of $62.78. The stock’s fifty day moving average is $47.69 and its 200 day moving average is $51.35. The stock has a market cap of $34.65 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.09 and a beta of 0.49. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.30 and a current ratio of 0.76.
Kroger (NYSE:KR – Get Rating) last issued its quarterly earnings results on Thursday, June 16th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. Kroger had a return on equity of 31.50% and a net margin of 1.54%. The business had revenue of $44.60 billion during the quarter, compared to analyst estimates of $44.23 billion. During the same quarter in the prior year, the business posted $1.19 EPS. Sell-side analysts anticipate that The Kroger Co. will post 3.92 earnings per share for the current year.
Kroger Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, August 12th. This is a positive change from Kroger’s previous quarterly dividend of $0.21. Kroger’s dividend payout ratio is presently 35.86%.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Morgan Stanley upped their price target on Kroger from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Friday, June 17th. Guggenheim reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Kroger in a research report on Friday, June 17th. Evercore ISI reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Kroger in a research report on Friday, June 17th. Deutsche Bank Aktiengesellschaft upped their price objective on Kroger from $50.00 to $53.00 in a research report on Friday, June 17th. Finally, MKM Partners upped their price objective on Kroger from $48.00 to $55.00 in a research report on Tuesday, June 21st. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.22.
The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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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