Kroger Co (KR) Holdings Lifted by WINTON GROUP Ltd

WINTON GROUP Ltd grew its position in shares of Kroger Co (NYSE:KR) by 106.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,724 shares of the company’s stock after purchasing an additional 100,828 shares during the quarter. WINTON GROUP Ltd’s holdings in Kroger were worth $5,568,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in Kroger by 10.4% in the 1st quarter. IFP Advisors Inc now owns 28,350 shares of the company’s stock worth $679,000 after acquiring an additional 2,668 shares in the last quarter. Toronto Dominion Bank increased its holdings in Kroger by 23.8% in the 1st quarter. Toronto Dominion Bank now owns 475,074 shares of the company’s stock worth $11,370,000 after acquiring an additional 91,446 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in Kroger by 21.1% in the 1st quarter. First Republic Investment Management Inc. now owns 105,717 shares of the company’s stock worth $2,531,000 after acquiring an additional 18,434 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Kroger by 9.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,019,234 shares of the company’s stock worth $96,220,000 after acquiring an additional 350,130 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Kroger by 9.8% in the 1st quarter. Van ECK Associates Corp now owns 66,403 shares of the company’s stock worth $1,590,000 after acquiring an additional 5,934 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Susan J. Kropf sold 13,000 shares of the business’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $28.43, for a total transaction of $369,590.00. Following the transaction, the director now owns 101,171 shares of the company’s stock, valued at approximately $2,876,291.53. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Erin S. Sharp sold 25,314 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $29.00, for a total transaction of $734,106.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,960 shares of company stock worth $1,122,579. Corporate insiders own 1.07% of the company’s stock.

Kroger stock opened at $29.35 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 1.65. The firm has a market cap of $23.21 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 2.10 and a beta of 0.92. Kroger Co has a 52-week low of $19.99 and a 52-week high of $32.74.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. The firm had revenue of $27.87 billion for the quarter, compared to analysts’ expectations of $27.95 billion. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. Equities research analysts anticipate that Kroger Co will post 2.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.91%. Kroger’s payout ratio is 89.22%.

Several equities research analysts recently commented on the stock. ValuEngine raised shares of Kroger from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. Northcoast Research reissued a “buy” rating and issued a $36.00 price target on shares of Kroger in a report on Monday, July 23rd. Wolfe Research lowered shares of Kroger from a “market perform” rating to an “underperform” rating in a report on Monday, June 25th. Morgan Stanley upped their target price on shares of Kroger from $26.50 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, June 22nd. Finally, Credit Suisse Group upped their target price on shares of Kroger from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, June 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. Kroger presently has a consensus rating of “Hold” and a consensus price target of $30.15.

About Kroger

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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