Cetera Investment Advisers Buys New Holdings in Kroger Co (KR)

Cetera Investment Advisers acquired a new position in Kroger Co (NYSE:KR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,198 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Atlas Brown Inc. raised its stake in Kroger by 5.0% in the 4th quarter. Atlas Brown Inc. now owns 7,562 shares of the company’s stock valued at $208,000 after purchasing an additional 361 shares during the last quarter. O Dell Group LLC raised its stake in Kroger by 4.5% in the 4th quarter. O Dell Group LLC now owns 9,094 shares of the company’s stock valued at $250,000 after purchasing an additional 389 shares during the last quarter. Deane Retirement Strategies Inc. increased its stake in shares of Kroger by 0.8% in the 4th quarter. Deane Retirement Strategies Inc. now owns 51,516 shares of the company’s stock worth $1,417,000 after acquiring an additional 392 shares during the last quarter. Utah Retirement Systems increased its stake in shares of Kroger by 0.3% in the 4th quarter. Utah Retirement Systems now owns 147,912 shares of the company’s stock worth $4,068,000 after acquiring an additional 400 shares during the last quarter. Finally, Summit Global Investments increased its stake in shares of Kroger by 4.8% in the 4th quarter. Summit Global Investments now owns 9,063 shares of the company’s stock worth $249,000 after acquiring an additional 415 shares during the last quarter. Institutional investors and hedge funds own 82.20% of the company’s stock.

Kroger stock traded up $0.24 during midday trading on Friday, reaching $25.78. 4,811,189 shares of the stock traded hands, compared to its average volume of 7,853,535. Kroger Co has a 12-month low of $23.52 and a 12-month high of $32.74. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.76 and a quick ratio of 0.28.

Kroger (NYSE:KR) last announced its earnings results on Thursday, March 7th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Kroger had a net margin of 2.57% and a return on equity of 23.50%. The firm had revenue of $28.09 billion for the quarter, compared to analysts’ expectations of $28.38 billion. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue was down 9.5% compared to the same quarter last year. Equities research analysts anticipate that Kroger Co will post 2.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Tuesday, May 14th. Kroger’s dividend payout ratio (DPR) is 26.54%.

A number of brokerages have issued reports on KR. ValuEngine raised Kroger from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Evercore ISI began coverage on Kroger in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $27.00 target price for the company. Scotiabank set a $32.00 target price on Kroger and gave the stock a “buy” rating in a research note on Friday, March 8th. Pivotal Research reaffirmed a “hold” rating and issued a $26.00 target price (down from $31.00) on shares of Kroger in a research note on Friday, March 8th. Finally, Morgan Stanley cut their target price on Kroger from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $30.33.

In other news, Director Robert D. Beyer sold 80,000 shares of Kroger stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $24.52, for a total value of $1,961,600.00. Following the completion of the transaction, the director now owns 126,800 shares in the company, valued at approximately $3,109,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.07% of the company’s stock.

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Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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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