Sanibel Captiva Trust Company Inc. increased its position in The Kroger Co. (NYSE:KR - Free Report) by 122.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,075 shares of the company's stock after buying an additional 5,536 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Kroger were worth $682,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in Kroger during the 4th quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new position in Kroger during the fourth quarter worth about $26,000. TCTC Holdings LLC purchased a new position in Kroger during the fourth quarter worth about $27,000. Transce3nd LLC purchased a new stake in shares of Kroger in the 4th quarter valued at approximately $28,000. Finally, Centricity Wealth Management LLC acquired a new position in Kroger during the 4th quarter worth approximately $32,000. Institutional investors own 80.93% of the company's stock.
Wall Street Analysts Forecast Growth
KR has been the subject of several research analyst reports. Melius upgraded shares of Kroger from a "sell" rating to a "hold" rating and set a $70.00 target price for the company in a report on Tuesday, May 20th. Citigroup increased their price objective on shares of Kroger from $61.00 to $65.00 and gave the company a "neutral" rating in a research note on Friday, March 7th. Melius Research upgraded shares of Kroger from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. raised their price target on shares of Kroger from $72.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Evercore ISI lifted their price objective on shares of Kroger from $73.00 to $74.00 and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Eight equities research 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $68.06.
Read Our Latest Stock Report on Kroger
Insider Transactions at Kroger
In related news, VP Brian W. Nichols sold 1,000 shares of Kroger stock in a transaction on Monday, April 21st. The stock was sold at an average price of $72.03, for a total transaction of $72,030.00. Following the sale, the vice president now directly owns 10,473 shares in the company, valued at approximately $754,370.19. This trade represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christine S. Wheatley sold 30,000 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $72.07, for a total value of $2,162,100.00. Following the completion of the sale, the executive vice president now owns 97,737 shares in the company, valued at approximately $7,043,905.59. The trade was a 23.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,815 shares of company stock valued at $11,101,588. Corporate insiders own 0.44% of the company's stock.
Kroger Stock Performance
KR traded up $0.41 during trading on Friday, hitting $65.47. The stock had a trading volume of 3,894,695 shares, compared to its average volume of 5,777,363. The firm has a market cap of $43.27 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 2.85 and a beta of 0.58. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.07. The company has a 50 day moving average price of $68.89 and a 200-day moving average price of $64.94. The Kroger Co. has a one year low of $49.04 and a one year high of $73.63.
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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