IFM Investors Pty Ltd lifted its holdings in shares of Kroger Co (NYSE:KR) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,318 shares of the company’s stock after purchasing an additional 3,857 shares during the period. IFM Investors Pty Ltd’s holdings in Kroger were worth $1,262,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Riverview Trust Co bought a new stake in Kroger in the fourth quarter valued at $26,000. Doyle Wealth Management bought a new stake in shares of Kroger during the fourth quarter worth about $26,000. Lavaca Capital LLC bought a new stake in shares of Kroger during the first quarter worth about $25,000. Lindbrook Capital LLC bought a new stake in shares of Kroger during the fourth quarter worth about $32,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Kroger during the fourth quarter worth about $33,000. Institutional investors own 82.20% of the company’s stock.
Several research firms have recently commented on KR. ValuEngine raised shares of Kroger from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Credit Suisse Group decreased their target price on shares of Kroger from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 8th. Telsey Advisory Group reissued a “market perform” rating and set a $29.00 target price (down from $31.00) on shares of Kroger in a research report on Friday, March 8th. Evercore ISI began coverage on shares of Kroger in a research report on Wednesday, March 20th. They set an “in-line” rating and a $27.00 target price for the company. Finally, Scotiabank set a $32.00 target price on shares of Kroger and gave the stock a “buy” rating in a research report on Friday, March 8th. Three investment 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. The stock presently has an average rating of “Hold” and an average target price of $30.33.
Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.03). The company had revenue of $28.09 billion during the quarter, compared to the consensus estimate of $28.38 billion. Kroger had a return on equity of 23.50% and a net margin of 2.57%. Kroger’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. On average, equities analysts expect that Kroger Co will post 2.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, May 14th. Kroger’s payout ratio is 26.54%.
In other Kroger news, Director Robert D. Beyer sold 80,000 shares of the 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 completion of the sale, the director now owns 126,800 shares of the company’s stock, valued at approximately $3,109,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.07% of the stock is currently owned by company insiders.
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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