Kroger Co (KR) Shares Sold by Cadence Capital Management LLC

Cadence Capital Management LLC cut its holdings in shares of Kroger Co (NYSE:KR) by 46.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,725 shares of the company’s stock after selling 14,642 shares during the quarter. Cadence Capital Management LLC’s holdings in Kroger were worth $487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KR. Landaas & Co. WI ADV purchased a new stake in Kroger in the 2nd quarter valued at about $100,000. Bridgeworth LLC purchased a new stake in Kroger in the 2nd quarter valued at about $109,000. CSat Investment Advisory L.P. purchased a new stake in Kroger in the 2nd quarter valued at about $109,000. Zions Bancorporation purchased a new stake in Kroger in the 3rd quarter valued at about $128,000. Finally, First Hawaiian Bank purchased a new stake in Kroger during the third quarter worth about $148,000. 79.94% of the stock is owned by institutional investors.

A number of analysts have issued reports on KR shares. Zacks Investment Research lowered shares of Kroger from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Stephens set a $29.00 price target on shares of Kroger and gave the stock a “hold” rating in a research note on Friday, September 7th. Credit Suisse Group set a $33.00 price target on shares of Kroger and gave the stock a “hold” rating in a research note on Friday, September 7th. Wells Fargo & Co boosted their price target on shares of Kroger from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday, September 10th. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Kroger in a research note on Thursday, September 13th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.11.

KR traded up $0.92 on Thursday, reaching $29.56. The company’s stock had a trading volume of 16,349,524 shares, compared to its average volume of 10,133,107. 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 company has a market capitalization of $22.84 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79. Kroger Co has a fifty-two week low of $22.85 and a fifty-two week high of $32.74.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, December 6th. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The business had revenue of $27.67 billion during the quarter, compared to the consensus estimate of $27.64 billion. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The company’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. On average, equities analysts anticipate that Kroger Co will post 2.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, November 14th. Kroger’s payout ratio is currently 27.45%.

In other news, insider Erin S. Sharp sold 25,314 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total transaction of $734,106.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Ellen Adcock sold 1,850 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $31.21, for a total value of $57,738.50. Following the sale, the insider now owns 97,119 shares of the company’s stock, valued at approximately $3,031,083.99. The disclosure for this sale can be found here. Insiders sold 51,425 shares of company stock valued at $1,480,298 over the last three months. Corporate insiders own 1.07% of the company’s stock.

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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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