First Quadrant L P CA Has $3.82 Million Stock Position in Kroger Co (NYSE:KR)

First Quadrant L P CA lowered its holdings in Kroger Co (NYSE:KR) by 5.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 175,867 shares of the company’s stock after selling 10,677 shares during the quarter. First Quadrant L P CA’s holdings in Kroger were worth $3,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. LSV Asset Management grew its holdings in Kroger by 1.8% in the 1st quarter. LSV Asset Management now owns 20,412,468 shares of the company’s stock valued at $502,146,000 after buying an additional 361,800 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Kroger by 13.5% during the 1st quarter. Janus Henderson Group PLC now owns 13,586,811 shares of the company’s stock worth $334,238,000 after purchasing an additional 1,620,668 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kroger by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 12,008,444 shares of the company’s stock worth $329,733,000 after purchasing an additional 874,376 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Kroger by 1.2% during the 1st quarter. Northern Trust Corp now owns 10,600,232 shares of the company’s stock worth $260,766,000 after purchasing an additional 124,275 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Kroger by 28.1% during the 1st quarter. Victory Capital Management Inc. now owns 8,212,249 shares of the company’s stock worth $202,022,000 after purchasing an additional 1,800,051 shares in the last quarter. 80.51% of the stock is currently owned by hedge funds and other institutional investors.

KR stock traded up $0.72 during trading on Friday, hitting $22.24. The company had a trading volume of 17,253,099 shares, compared to its average volume of 8,280,866. The firm’s fifty day moving average is $22.00. The company has a current ratio of 0.75, a quick ratio of 0.25 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $17.19 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.52 and a beta of 0.62. Kroger Co has a fifty-two week low of $20.70 and a fifty-two week high of $32.74.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, June 20th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $37.25 billion for the quarter, compared to analyst estimates of $37.27 billion. Kroger had a return on equity of 21.79% and a net margin of 1.54%. Kroger’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 EPS. As a group, analysts expect that Kroger Co will post 2.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Thursday, August 15th will be paid a $0.16 dividend. This is a positive change from Kroger’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.64 annualized dividend and a yield of 2.88%. Kroger’s payout ratio is currently 26.54%.

In other Kroger news, EVP J Michael Schlotman sold 15,000 shares of Kroger stock in a transaction on Monday, July 15th. The stock was sold at an average price of $22.01, for a total value of $330,150.00. Following the completion of the transaction, the executive vice president now owns 270,655 shares in the company, valued at approximately $5,957,116.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald Sargent acquired 5,000 shares of the business’s 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 transaction, the director now owns 94,660 shares in the company, valued at approximately $2,034,243.40. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 43,600 shares of company stock worth $955,450. 1.34% of the stock is owned by insiders.

Several brokerages have recently weighed in on KR. Guggenheim decreased their price objective on Kroger from $31.00 to $26.00 in a report on Monday, June 24th. ValuEngine lowered Kroger from a “sell” rating to a “strong sell” rating in a report on Thursday, June 27th. BMO Capital Markets decreased their price objective on Kroger to $24.00 and set a “market perform” rating on the stock in a report on Tuesday, June 18th. Bank of America decreased their price objective on Kroger from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Finally, Pivotal Research raised Kroger from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Kroger presently has an average rating of “Hold” and an average price target of $28.61.

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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