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LVM Capital Management Ltd. MI lessened its stake in The Kroger Co. (NYSE:KR – Free Report) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 260,448 shares of the company’s stock after selling 6,297 shares during the quarter. Kroger makes up approximately 1.6% of LVM Capital Management Ltd. MI’s holdings, making the stock its 20th biggest holding. LVM Capital Management Ltd. MI’s holdings in Kroger were worth $12,241,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. KB Financial Partners LLC bought a new position in Kroger in the 1st quarter worth about $28,000. Carmel Capital Partners LLC bought a new position in Kroger in the 1st quarter worth about $30,000. GPS Wealth Strategies Group LLC bought a new position in Kroger in the 1st quarter worth about $31,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Kroger in the 4th quarter worth approximately $35,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Kroger in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 78.98% of the company’s stock.
Kroger Stock Up 1.6 %
Shares of KR traded up $0.71 during mid-day trading on Friday, hitting $46.50. 1,482,970 shares of the company’s stock were exchanged, compared to its average volume of 5,110,995. The company has a quick ratio of 0.36, a current ratio of 0.78 and a debt-to-equity ratio of 1.14. The Kroger Co. has a twelve month low of $41.81 and a twelve month high of $50.41. The firm has a fifty day moving average of $47.33 and a two-hundred day moving average of $47.46. The stock has a market cap of $33.38 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 2.12 and a beta of 0.48.
Kroger (NYSE:KR – Get Free Report) last issued its quarterly earnings results on Friday, September 8th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. Kroger had a net margin of 1.10% and a return on equity of 30.61%. The firm had revenue of $33.85 billion during the quarter, compared to the consensus estimate of $34.12 billion. During the same period in the prior year, the firm earned $0.90 EPS. The business’s revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts forecast that The Kroger Co. will post 4.51 earnings per share for the current year.
Kroger Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.49%. Kroger’s payout ratio is 51.79%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Kroger in a research note on Wednesday, September 6th. StockNews.com lowered shares of Kroger from a “buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kroger from $54.00 to $50.00 in a research report on Friday, June 16th. UBS Group reduced their price target on shares of Kroger from $51.00 to $48.00 in a research report on Monday, June 19th. Finally, Bank of America reduced their price target on shares of Kroger from $75.00 to $65.00 in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Kroger has a consensus rating of “Hold” and a consensus target price of $52.33.
Get Our Latest Stock Analysis on KR
Insider Transactions at Kroger
In related news, SVP Timothy A. Massa sold 23,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $45.46, for a total transaction of $1,045,580.00. Following the completion of the sale, the senior vice president now owns 194,956 shares in the company, valued at approximately $8,862,699.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.38% of the stock is owned by insiders.
Kroger Profile
(Free Report)
The Kroger Co operates as a food and drug 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.
See Also
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