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The Kroger Co. (NYSE:KR) Shares Sold by Kingsview Wealth Management LLC

Kroger logo with Retail/Wholesale background

Kingsview Wealth Management LLC lowered its stake in shares of The Kroger Co. (NYSE:KR - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 163,416 shares of the company's stock after selling 23,111 shares during the quarter. Kingsview Wealth Management LLC's holdings in Kroger were worth $11,062,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KR. Parcion Private Wealth LLC grew its position in Kroger by 2.3% in the 1st quarter. Parcion Private Wealth LLC now owns 88,318 shares of the company's stock valued at $5,978,000 after acquiring an additional 1,964 shares during the last quarter. Bridgewater Advisors Inc. bought a new position in Kroger in the 1st quarter valued at $448,000. Larson Financial Group LLC grew its position in Kroger by 52.3% in the 1st quarter. Larson Financial Group LLC now owns 9,736 shares of the company's stock valued at $659,000 after acquiring an additional 3,344 shares during the last quarter. Wealthfront Advisers LLC grew its position in Kroger by 1.7% in the 1st quarter. Wealthfront Advisers LLC now owns 128,778 shares of the company's stock valued at $8,717,000 after acquiring an additional 2,211 shares during the last quarter. Finally, First Business Financial Services Inc. grew its position in Kroger by 6.8% in the 1st quarter. First Business Financial Services Inc. now owns 27,409 shares of the company's stock valued at $1,855,000 after acquiring an additional 1,741 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Kroger Stock Performance

Shares of NYSE:KR traded down $0.86 during trading on Friday, hitting $71.36. The stock had a trading volume of 5,350,961 shares, compared to its average volume of 5,920,110. The Kroger Co. has a 12-month low of $50.69 and a 12-month high of $74.11. The stock has a market capitalization of $47.16 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 2.29 and a beta of 0.59. The company has a quick ratio of 0.53, a current ratio of 0.95 and a debt-to-equity ratio of 1.92. The stock has a 50-day simple moving average of $68.88 and a two-hundred day simple moving average of $66.53.

Kroger (NYSE:KR - Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. Kroger had a return on equity of 30.01% and a net margin of 1.76%. The firm had revenue of $45.12 billion during the quarter, compared to analysts' expectations of $45.35 billion. During the same period last year, the business posted $1.43 earnings per share. The company's revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts expect that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Friday, August 15th will be given a dividend of $0.35 per share. This is a boost from Kroger's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, August 15th. Kroger's dividend payout ratio (DPR) is currently 34.88%.

Insider Activity at Kroger

In related news, Director Clyde R. Moore sold 26,814 shares of Kroger stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $70.50, for a total transaction of $1,890,387.00. Following the completion of the transaction, the director directly owned 99,143 shares in the company, valued at approximately $6,989,581.50. This trade represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mary Ellen Adcock sold 34,250 shares of Kroger stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $71.16, for a total value of $2,437,230.00. Following the transaction, the executive vice president owned 184,473 shares of the company's stock, valued at approximately $13,127,098.68. This represents a 15.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 243,815 shares of company stock valued at $17,652,983 in the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KR has been the topic of several research analyst reports. Jefferies Financial Group set a $83.00 price objective on Kroger and gave the company a "buy" rating in a research report on Monday, June 23rd. Evercore ISI dropped their price target on Kroger from $76.00 to $75.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 17th. Melius raised Kroger from a "sell" rating to a "hold" rating and set a $70.00 price target on the stock in a research report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft increased their price target on Kroger from $57.00 to $67.00 and gave the stock a "hold" rating in a research report on Monday, June 23rd. Finally, Melius Research raised Kroger from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.00.

Get Our Latest Stock Report on KR

About Kroger

(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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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