MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in The Kroger Co. (NYSE:KR - Free Report) by 39.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,447 shares of the company's stock after selling 54,828 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Kroger were worth $5,225,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in Kroger in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC acquired a new stake in Kroger in the fourth quarter valued at approximately $26,000. TCTC Holdings LLC acquired a new stake in Kroger in the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new stake in Kroger in the fourth quarter valued at approximately $28,000. Finally, Lee Danner & Bass Inc. acquired a new stake in Kroger in the fourth quarter valued at approximately $32,000. 80.93% of the stock is owned by institutional investors.
Kroger Trading Up 1.0%
KR stock traded up $0.66 during midday trading on Friday, hitting $68.61. The stock had a trading volume of 5,516,759 shares, compared to its average volume of 5,665,649. The firm has a market cap of $45.34 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 2.85 and a beta of 0.62. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 1.74. The Kroger Co. has a 1-year low of $49.04 and a 1-year high of $73.63. The business has a fifty day moving average price of $68.86 and a two-hundred day moving average price of $64.24.
Kroger (NYSE:KR - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $34.31 billion for the quarter, compared to analyst estimates of $34.96 billion. Kroger had a net margin of 1.85% and a return on equity of 27.73%. On average, sell-side analysts predict that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.
Kroger Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.87%. Kroger's dividend payout ratio is currently 34.88%.
Analyst Ratings Changes
A number of brokerages have weighed in on KR. Roth Capital set a $58.00 target price on shares of Kroger in a research report on Thursday, March 6th. Telsey Advisory Group restated an "outperform" rating and issued a $73.00 target price on shares of Kroger in a research report on Monday, March 3rd. Morgan Stanley raised their target price on shares of Kroger from $65.00 to $71.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Melius upgraded shares of Kroger from a "sell" rating to a "hold" rating and set a $70.00 target price on the stock in a research report on Tuesday. Finally, Guggenheim lifted their price target on shares of Kroger from $71.00 to $73.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $68.06.
Check Out Our Latest Research Report on Kroger
Insider Activity
In other news, VP Brian W. Nichols sold 1,000 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $72.03, for a total transaction of $72,030.00. Following the completion of the sale, the vice president now directly owns 10,473 shares of the company's stock, valued at $754,370.19. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Todd A. Foley sold 28,105 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $66.62, for a total transaction of $1,872,355.10. Following the sale, the chief financial officer now directly owns 52,861 shares of the company's stock, valued at approximately $3,521,599.82. The trade was a 34.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 334,923 shares of company stock worth $22,867,124. Company insiders own 0.44% of the company's stock.
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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