The Kroger Co. (NYSE:KR) Shares Acquired by Arjuna Capital

Arjuna Capital increased its position in The Kroger Co. (NYSE:KRFree Report) by 35.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,926 shares of the company’s stock after buying an additional 22,174 shares during the quarter. Kroger comprises about 1.3% of Arjuna Capital’s investment portfolio, making the stock its 20th biggest position. Arjuna Capital’s holdings in Kroger were worth $3,756,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Kroger in the third quarter valued at about $25,000. KB Financial Partners LLC acquired a new stake in shares of Kroger during the first quarter valued at about $28,000. Hazlett Burt & Watson Inc. grew its stake in shares of Kroger by 430.8% during the third quarter. Hazlett Burt & Watson Inc. now owns 637 shares of the company’s stock valued at $29,000 after acquiring an additional 517 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new stake in shares of Kroger during the fourth quarter valued at about $35,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Kroger during the third quarter valued at about $36,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on KR

Kroger Stock Performance

Shares of KR traded up $0.34 during mid-day trading on Monday, reaching $45.75. 320,450 shares of the company’s stock traded hands, compared to its average volume of 4,068,202. The business’s 50-day moving average price is $45.57 and its 200-day moving average price is $45.58. The stock has a market capitalization of $32.91 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 2.37 and a beta of 0.45. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.33 and a current ratio of 0.80. The Kroger Co. has a 12 month low of $42.10 and a 12 month high of $50.36.

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 company had revenue of $33.96 billion for 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 for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Equities analysts predict that The Kroger Co. will post 4.56 earnings per share for the current year.

Kroger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.54%. Kroger’s dividend payout ratio (DPR) is presently 45.14%.

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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