The Kroger Co. (NYSE:KR) Shares Sold by Assetmark Inc.

Assetmark Inc. lowered its stake in shares of The Kroger Co. (NYSE:KRFree Report) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,756 shares of the company’s stock after selling 1,336 shares during the quarter. Assetmark Inc.’s holdings in Kroger were worth $7,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC increased its holdings in shares of Kroger by 12.2% in the 1st quarter. ICA Group Wealth Management LLC now owns 1,880 shares of the company’s stock valued at $93,000 after acquiring an additional 205 shares during the period. Bison Wealth LLC grew its position in Kroger by 2.7% in the 2nd quarter. Bison Wealth LLC now owns 7,859 shares of the company’s stock valued at $369,000 after buying an additional 206 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in Kroger by 1.2% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 17,802 shares of the company’s stock valued at $879,000 after buying an additional 206 shares during the last quarter. United Capital Financial Advisers LLC grew its position in Kroger by 1.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 11,571 shares of the company’s stock valued at $664,000 after buying an additional 221 shares during the last quarter. Finally, Legacy Capital Group California Inc. grew its position in Kroger by 2.7% in the 2nd quarter. Legacy Capital Group California Inc. now owns 8,381 shares of the company’s stock valued at $394,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Kroger from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, December 1st. Morgan Stanley lowered their price objective on shares of Kroger from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, December 1st. TheStreet upgraded shares of Kroger from a “c+” rating to a “b” rating in a research report on Thursday, November 30th. Telsey Advisory Group restated an “outperform” rating and set a $55.00 target price on shares of Kroger in a research report on Tuesday, November 28th. Finally, HSBC initiated coverage on shares of Kroger in a research report on Friday, September 22nd. They set a “hold” rating and a $52.00 target price on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.30.

View Our Latest Report on KR

Kroger Price Performance

Kroger stock opened at $46.02 on Friday. The Kroger Co. has a 52 week low of $42.10 and a 52 week high of $50.36. The company has a quick ratio of 0.33, a current ratio of 0.80 and a debt-to-equity ratio of 1.08. The firm’s 50-day simple moving average is $44.72 and its 200 day simple moving average is $45.78. The firm has a market capitalization of $33.11 billion, a PE ratio of 17.91, a P/E/G ratio of 2.28 and a beta of 0.45.

Kroger (NYSE:KRGet Free Report) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Kroger had a net margin of 1.27% and a return on equity of 30.22%. The business had revenue of $33.96 billion for the quarter, compared to analyst estimates of $33.90 billion. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts predict that The Kroger Co. will post 4.56 EPS for the current fiscal year.

About Kroger

(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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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