Robeco Institutional Asset Management B.V. Grows Stake in Kroger Co (NYSE:KR)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Kroger Co (NYSE:KR) by 17.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,208,593 shares of the company’s stock after buying an additional 182,188 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.15% of Kroger worth $35,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in KR. Millennium Management LLC lifted its stake in Kroger by 5,574.9% during the second quarter. Millennium Management LLC now owns 6,969,288 shares of the company’s stock worth $198,276,000 after purchasing an additional 6,846,478 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in Kroger during the second quarter worth $154,021,000. BlackRock Inc. lifted its stake in Kroger by 2.3% in the second quarter. BlackRock Inc. now owns 65,465,026 shares of the company’s stock valued at $1,862,480,000 after buying an additional 1,490,831 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC bought a new stake in Kroger in the second quarter valued at $41,899,000. Finally, Dimensional Fund Advisors LP lifted its stake in Kroger by 36.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,485,099 shares of the company’s stock valued at $156,053,000 after buying an additional 1,465,865 shares during the last quarter. 79.94% of the stock is owned by institutional investors and hedge funds.

KR traded down $1.12 during trading on Wednesday, reaching $28.64. The company had a trading volume of 13,723,042 shares, compared to its average volume of 5,811,678. The stock has a market capitalization of $23.65 billion, a P/E ratio of 14.04, a P/E/G ratio of 2.09 and a beta of 0.79. Kroger Co has a 12-month low of $22.85 and a 12-month high of $32.74. The company has a current ratio of 0.73, a quick ratio of 0.26 and a debt-to-equity ratio of 1.65.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, September 13th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The firm had revenue of $27.87 billion for the quarter, compared to analysts’ expectations of $27.95 billion. During the same quarter last year, the business posted $0.39 EPS. Kroger’s revenue was up 1.0% on a year-over-year basis. On average, research analysts predict that Kroger Co will post 2.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.96%. Kroger’s payout ratio is presently 27.45%.

A number of equities research analysts have issued reports on KR shares. Credit Suisse Group set a $33.00 target price on Kroger and gave the company a “hold” rating in a research note on Thursday, September 13th. Telsey Advisory Group lifted their price objective on shares of Kroger from $29.00 to $31.00 and gave the company a “market perform” rating in a research note on Wednesday, October 31st. Morgan Stanley cut their price objective on shares of Kroger from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, September 27th. Zacks Investment Research cut shares of Kroger from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Finally, Stephens set a $29.00 price objective on shares of Kroger and gave the company a “hold” rating in a research note on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Kroger presently has a consensus rating of “Hold” and a consensus target price of $31.11.

In related news, Director Clyde R. Moore sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $29.06, for a total value of $377,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Calvin J. Kaufman sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $27.47, for a total value of $288,435.00. Following the completion of the sale, the senior vice president now owns 124,688 shares of the company’s stock, valued at $3,425,179.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,425 shares of company stock valued at $1,480,298. 1.07% of the stock is owned by corporate insiders.

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Kroger Profile

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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