Kentucky Retirement Systems Has $955,000 Position in Kroger Co (KR)

Kentucky Retirement Systems cut its holdings in Kroger Co (NYSE:KR) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,712 shares of the company’s stock after selling 8,254 shares during the period. Kentucky Retirement Systems’ holdings in Kroger were worth $955,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atlas Brown Inc. raised its position in Kroger by 5.0% in the 4th quarter. Atlas Brown Inc. now owns 7,562 shares of the company’s stock worth $208,000 after purchasing an additional 361 shares during the period. O Dell Group LLC raised its position in Kroger by 4.5% in the 4th quarter. O Dell Group LLC now owns 9,094 shares of the company’s stock worth $250,000 after purchasing an additional 389 shares during the period. Deane Retirement Strategies Inc. grew its holdings in 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 grew its holdings in 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 grew its holdings in 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. 82.20% of the stock is owned by institutional investors.

In related news, Director Robert D. Beyer sold 80,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $24.52, for a total transaction of $1,961,600.00. Following the sale, the director now owns 126,800 shares of the company’s stock, valued at $3,109,136. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.07% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on KR shares. Zacks Investment Research raised shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Tuesday, February 5th. ValuEngine cut shares of Kroger from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Morgan Stanley decreased their target price on shares of Kroger from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, March 8th. Buckingham Research began coverage on shares of Kroger in a report on Thursday, February 7th. They issued an “underperform” rating and a $28.18 target price for the company. Finally, Pivotal Research reissued a “hold” rating and set a $26.00 price objective (down from $31.00) on shares of Kroger in a report on Friday, March 8th. Three 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 stock. Kroger presently has an average rating of “Hold” and a consensus target price of $30.33.

Shares of KR traded up $0.24 during mid-day trading on Friday, reaching $25.78. The stock had a trading volume of 4,811,189 shares, compared to its average volume of 7,853,535. 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 Co has a 12 month low of $23.52 and a 12 month high of $32.74. The firm has a market cap of $20.58 billion, a P/E ratio of 12.22, a PEG ratio of 1.55 and a beta of 0.63.

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

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be paid 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 of this dividend is Tuesday, May 14th. Kroger’s payout ratio is 26.54%.

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About Kroger

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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