12,000 Shares in The Kroger Co. (NYSE:KR) Acquired by F M Investments LLC

F M Investments LLC acquired a new stake in The Kroger Co. (NYSE:KRFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,000 shares of the company’s stock, valued at approximately $660,000.

A number of other institutional investors have also recently modified their holdings of KR. Jaffetilchin Investment Partners LLC raised its position in Kroger by 1.1% during the second quarter. Jaffetilchin Investment Partners LLC now owns 16,551 shares of the company’s stock valued at $826,000 after purchasing an additional 187 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Kroger by 2.8% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,922 shares of the company’s stock valued at $395,000 after buying an additional 190 shares in the last quarter. Csenge Advisory Group grew its position in Kroger by 4.3% in the first quarter. Csenge Advisory Group now owns 4,610 shares of the company’s stock valued at $263,000 after acquiring an additional 191 shares during the last quarter. Global Financial Private Client LLC raised its stake in Kroger by 1.2% during the first quarter. Global Financial Private Client LLC now owns 17,112 shares of the company’s stock worth $975,000 after acquiring an additional 196 shares in the last quarter. Finally, SignalPoint Asset Management LLC lifted its holdings in shares of Kroger by 3.2% in the third quarter. SignalPoint Asset Management LLC now owns 6,500 shares of the company’s stock worth $367,000 after acquiring an additional 200 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Kroger Trading Up 1.4 %

NYSE:KR opened at $56.57 on Monday. The Kroger Co. has a 52 week low of $42.10 and a 52 week high of $58.34. The firm’s fifty day moving average is $55.23 and its 200-day moving average is $53.89. The firm has a market cap of $40.93 billion, a P/E ratio of 14.81, a P/E/G ratio of 0.86 and a beta of 0.48. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.87.

Kroger (NYSE:KRGet Free Report) last issued its quarterly earnings results on Thursday, September 12th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $33.91 billion during the quarter, compared to the consensus estimate of $34.09 billion. Kroger had a return on equity of 28.54% and a net margin of 1.86%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. Equities analysts expect that The Kroger Co. will post 4.46 earnings per share for the current year.

Kroger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, November 15th. Kroger’s dividend payout ratio (DPR) is presently 33.51%.

Insider Buying and Selling at Kroger

In other news, VP Carin L. Fike sold 3,010 shares of Kroger stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $55.57, for a total value of $167,265.70. Following the completion of the sale, the vice president now owns 47,593 shares in the company, valued at $2,644,743.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Carin L. Fike sold 3,010 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $55.57, for a total value of $167,265.70. Following the completion of the sale, the vice president now directly owns 47,593 shares in the company, valued at $2,644,743.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Valerie L. Jabbar sold 3,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $55.91, for a total value of $167,730.00. Following the completion of the transaction, the senior vice president now owns 74,084 shares in the company, valued at approximately $4,142,036.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,932 shares of company stock valued at $721,243. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KR shares. StockNews.com cut shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 16th. Telsey Advisory Group reiterated an “outperform” rating and set a $62.00 price target on shares of Kroger in a report on Wednesday, October 9th. Evercore ISI raised their price objective on Kroger from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, September 13th. Morgan Stanley upped their target price on Kroger from $57.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Finally, Argus lifted their price target on Kroger from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.09.

View Our Latest Stock Report on KR

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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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