Sanders Capital LLC Grows Position in Kroger Co (NYSE:KR)

Sanders Capital LLC increased its position in shares of Kroger Co (NYSE:KR) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,690,569 shares of the company’s stock after buying an additional 246,080 shares during the period. Sanders Capital LLC owned about 0.84% of Kroger worth $161,967,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KR. Victory Capital Management Inc. increased its stake in shares of Kroger by 28.1% during the first quarter. Victory Capital Management Inc. now owns 8,212,249 shares of the company’s stock worth $202,022,000 after buying an additional 1,800,051 shares during the period. Dimensional Fund Advisors LP increased its stake in Kroger by 27.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,038,624 shares of the company’s stock valued at $221,075,000 after purchasing an additional 1,726,318 shares during the last quarter. Nordea Investment Management AB increased its stake in Kroger by 87.5% in the first quarter. Nordea Investment Management AB now owns 3,514,384 shares of the company’s stock valued at $86,454,000 after purchasing an additional 1,639,961 shares during the last quarter. Janus Henderson Group PLC increased its stake in Kroger by 13.5% in the first quarter. Janus Henderson Group PLC now owns 13,586,811 shares of the company’s stock valued at $334,238,000 after purchasing an additional 1,620,668 shares during the last quarter. Finally, Poplar Forest Capital LLC increased its stake in Kroger by 132.7% in the first quarter. Poplar Forest Capital LLC now owns 2,390,718 shares of the company’s stock valued at $58,812,000 after purchasing an additional 1,363,434 shares during the last quarter. Hedge funds and other institutional investors own 80.51% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a research report on Friday, May 31st. BMO Capital Markets lowered their target price on shares of Kroger to $24.00 and set a “market perform” rating on the stock in a research report on Tuesday, June 18th. TheStreet lowered shares of Kroger from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th. Pivotal Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday. Finally, Sanford C. Bernstein upgraded shares of Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research report on Monday, May 20th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $28.61.

In other Kroger news, Director Susan J. Kropf sold 13,000 shares of Kroger stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $21.64, for a total value of $281,320.00. Following the completion of the sale, the director now owns 101,171 shares in the company, valued at approximately $2,189,340.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald Sargent purchased 5,000 shares of the stock in a transaction on Tuesday, July 2nd. The stock was acquired at an average price of $21.49 per share, with a total value of $107,450.00. Following the acquisition, the director now directly owns 94,660 shares in the company, valued at $2,034,243.40. The disclosure for this purchase can be found here. Insiders sold a total of 43,600 shares of company stock valued at $955,450 in the last 90 days. 1.34% of the stock is owned by company insiders.

Shares of NYSE:KR traded up $0.77 during midday trading on Friday, hitting $22.29. 10,676,709 shares of the stock were exchanged, compared to its average volume of 7,391,304. The company has a market capitalization of $17.19 billion, a PE ratio of 10.56, a P/E/G ratio of 1.52 and a beta of 0.62. The company has a current ratio of 0.75, a quick ratio of 0.25 and a debt-to-equity ratio of 2.16. Kroger Co has a twelve month low of $20.70 and a twelve month high of $32.74. The firm has a 50 day simple moving average of $22.05.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, June 20th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $37.25 billion during the quarter, compared to analysts’ expectations of $37.27 billion. Kroger had a return on equity of 21.79% and a net margin of 1.54%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS. As a group, sell-side analysts anticipate that Kroger Co will post 2.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th will be issued a $0.16 dividend. This is a boost from Kroger’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, August 14th. This represents a $0.64 annualized dividend and a yield of 2.87%. Kroger’s payout ratio is 26.54%.

Kroger 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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