Farther Finance Advisors LLC lifted its position in The Kroger Co. (NYSE:KR - Free Report) by 99.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,429 shares of the company's stock after acquiring an additional 7,199 shares during the period. Farther Finance Advisors LLC's holdings in Kroger were worth $983,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Millstone Evans Group LLC purchased a new stake in shares of Kroger during the 4th quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new stake in Kroger in the fourth quarter worth approximately $26,000. TCTC Holdings LLC bought a new stake in Kroger in the 4th quarter worth approximately $27,000. Transce3nd LLC purchased a new stake in Kroger during the 4th quarter valued at $28,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of Kroger during the 4th quarter valued at $32,000. Institutional investors own 80.93% of the company's stock.
Insider Activity
In related news, SVP Yael Cosset sold 17,685 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $66.19, for a total value of $1,170,570.15. Following the completion of the sale, the senior vice president now owns 139,124 shares of the company's stock, valued at approximately $9,208,617.56. The trade was a 11.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Valerie L. Jabbar sold 31,271 shares of the company's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $69.08, for a total transaction of $2,160,200.68. Following the transaction, the senior vice president now owns 82,684 shares of the company's stock, valued at approximately $5,711,810.72. This trade represents a 27.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 160,815 shares of company stock worth $11,101,588. Corporate insiders own 0.44% of the company's stock.
Kroger Price Performance
Shares of NYSE:KR traded up $0.46 on Friday, reaching $65.52. The company's stock had a trading volume of 6,507,714 shares, compared to its average volume of 5,787,936. The company has a 50-day simple moving average of $68.89 and a 200 day simple moving average of $64.94. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.07 and a current ratio of 1.54. The company has a market cap of $43.30 billion, a P/E ratio of 17.33, a PEG ratio of 2.85 and a beta of 0.58. The Kroger Co. has a 52-week low of $49.04 and a 52-week high of $73.63.
Analyst Upgrades and Downgrades
KR has been the topic of a number of recent research reports. Roth Capital set a $58.00 target price on Kroger in a report on Thursday, March 6th. Melius upgraded shares of Kroger from a "sell" rating to a "hold" rating and set a $70.00 price objective on the stock in a research note on Tuesday, May 20th. Telsey Advisory Group restated an "outperform" rating and set a $73.00 target price on shares of Kroger in a research report on Friday. Citigroup increased their price target on shares of Kroger from $61.00 to $65.00 and gave the stock a "neutral" rating in a research report on Friday, March 7th. Finally, Morgan Stanley lifted their price objective on Kroger from $65.00 to $71.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $68.06.
Check Out Our Latest Report on KR
Kroger Company Profile
(
Free Report)
The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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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