Kroger Co (KR) Stake Lowered by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. cut its holdings in Kroger Co (NYSE:KR) by 25.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,616 shares of the company’s stock after selling 21,282 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Kroger were worth $1,565,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in Kroger by 3,790.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,012,258 shares of the company’s stock worth $473,000 after buying an additional 12,677,827 shares in the last quarter. Norges Bank acquired a new stake in Kroger during the fourth quarter worth about $221,584,000. BlackRock Inc. grew its position in Kroger by 4.7% during the fourth quarter. BlackRock Inc. now owns 57,852,610 shares of the company’s stock worth $1,590,947,000 after buying an additional 2,587,501 shares in the last quarter. FMR LLC grew its position in Kroger by 13.2% during the fourth quarter. FMR LLC now owns 21,333,814 shares of the company’s stock worth $586,680,000 after buying an additional 2,485,028 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Kroger by 27.3% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 83.32% of the company’s stock.

A number of equities research analysts recently weighed in on KR shares. Buckingham Research decreased their target price on Kroger from $24.00 to $22.00 and set an “underperform” rating on the stock in a research report on Friday, March 8th. Zacks Investment Research downgraded Kroger from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. ValuEngine raised Kroger from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Evercore ISI began coverage on Kroger in a report on Wednesday, March 20th. They set an “in-line” rating and a $27.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on Kroger from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 8th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $30.33.

NYSE KR opened at $25.25 on Wednesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.28 and a current ratio of 0.76. The company has a market cap of $20.27 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.53 and a beta of 0.64. Kroger Co has a 1-year low of $23.52 and a 1-year high of $32.74.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The company had revenue of $28.09 billion for the quarter, compared to analyst estimates of $28.38 billion. Kroger had a net margin of 2.57% and a return on equity of 23.50%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. On average, sell-side analysts predict that Kroger Co will post 2.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Tuesday, May 14th. Kroger’s payout ratio is currently 26.54%.

In other news, Director Robert D. Beyer sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $24.52, for a total value of $1,961,600.00. Following the transaction, the director now directly owns 126,800 shares of the company’s stock, valued at approximately $3,109,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher T. Hjelm sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $25.80, for a total value of $412,800.00. Following the completion of the transaction, the executive vice president now directly owns 282,429 shares in the company, valued at $7,286,668.20. The disclosure for this sale can be found here. Insiders sold a total of 108,416 shares of company stock worth $2,694,175 over the last three months. 1.07% of the stock is owned by company insiders.

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Kroger 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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