The Kroger Co. (NYSE:KR) Stock Holdings Increased by Pathstone Family Office LLC

Pathstone Family Office LLC boosted its stake in The Kroger Co. (NYSE:KRFree Report) by 27.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,796 shares of the company’s stock after buying an additional 16,541 shares during the quarter. Pathstone Family Office LLC’s holdings in Kroger were worth $3,661,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Kroger during the fourth quarter worth $156,126,000. Capital World Investors raised its stake in shares of Kroger by 31.9% in the 2nd quarter. Capital World Investors now owns 13,983,501 shares of the company’s stock valued at $657,225,000 after acquiring an additional 3,379,062 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Kroger by 82.0% in the 4th quarter. Alliancebernstein L.P. now owns 5,667,159 shares of the company’s stock worth $252,642,000 after purchasing an additional 2,552,989 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in Kroger during the second quarter worth approximately $82,523,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Kroger during the first quarter valued at approximately $71,410,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on KR shares. JPMorgan Chase & Co. reduced their price objective on shares of Kroger from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Friday, December 1st. Stephens cut their price target on Kroger from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, December 1st. Morgan Stanley reduced their price target on shares of Kroger from $48.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, December 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $55.00 price objective on shares of Kroger in a research report on Tuesday, January 16th. Finally, TheStreet upgraded shares of Kroger from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Kroger presently has an average rating of “Hold” and an average target price of $53.30.

Check Out Our Latest Report on Kroger

Kroger Price Performance

NYSE:KR opened at $45.41 on Friday. The Kroger Co. has a 12 month low of $42.10 and a 12 month high of $50.36. The company’s 50-day moving average price is $45.57 and its two-hundred day moving average price is $45.62. 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 has a market cap of $32.67 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.37 and a beta of 0.45.

Kroger (NYSE:KRGet Free Report) last released its quarterly earnings results on Thursday, November 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $33.96 billion during the quarter, compared to analysts’ expectations of $33.90 billion. Kroger had a return on equity of 30.22% and a net margin of 1.27%. The business’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. On average, equities analysts anticipate that The Kroger Co. will post 4.56 EPS for the current fiscal year.

Kroger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s dividend payout ratio (DPR) is presently 45.14%.

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.

Further Reading

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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