Todd Asset Management LLC Makes New Investment in Kroger Co (NYSE:KR)

Todd Asset Management LLC acquired a new position in Kroger Co (NYSE:KR) during the 2nd quarter, HoldingsChannel reports. The fund acquired 612,292 shares of the company’s stock, valued at approximately $13,293,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Kroger by 27.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,038,624 shares of the company’s stock worth $221,075,000 after buying an additional 1,726,318 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 buying an additional 874,376 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of Kroger during the 1st quarter worth about $947,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Kroger during the 1st quarter worth about $412,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Kroger by 4.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 29,919 shares of the company’s stock worth $736,000 after buying an additional 1,193 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors.

In other Kroger news, insider Stephen M. Mckinney sold 15,600 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $22.05, for a total value of $343,980.00. Following the transaction, the insider now directly owns 168,070 shares of the company’s stock, valued at approximately $3,705,943.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan J. Kropf sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $21.64, for a total transaction of $281,320.00. Following the transaction, the director now directly owns 101,171 shares in the company, valued at $2,189,340.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,600 shares of company stock worth $955,450. Insiders own 1.34% of the company’s stock.

A number of equities analysts have recently commented on KR shares. Sanford C. Bernstein upgraded shares of Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research note on Monday, May 20th. TheStreet downgraded shares of Kroger from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th. Guggenheim dropped their target price on shares of Kroger from $31.00 to $26.00 in a report on Monday, June 24th. Zacks Investment Research raised shares of Kroger from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a report on Friday, May 31st. Finally, Bank of America dropped their target price on shares of Kroger from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Three investment 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. The company has a consensus rating of “Hold” and an average target price of $28.61.

Kroger stock traded down $0.38 during trading hours on Friday, hitting $23.29. The company had a trading volume of 6,341,509 shares, compared to its average volume of 10,689,756. The firm has a market cap of $18.91 billion, a PE ratio of 11.04, a PEG ratio of 1.68 and a beta of 0.62. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.75 and a quick ratio of 0.25. Kroger Co has a one year low of $20.70 and a one year high of $32.74. The firm has a 50-day moving average of $22.13 and a 200 day moving average of $24.39.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, June 20th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The firm had revenue of $37.25 billion for the quarter, compared to analysts’ expectations of $37.27 billion. Kroger had a net margin of 1.54% and a return on equity of 21.79%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. As a group, research 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. 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. This represents a $0.64 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, August 14th. Kroger’s dividend payout ratio is currently 30.33%.

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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