Zevin Asset Management LLC Buys Shares of 131,914 Kroger Co (NYSE:KR)

Zevin Asset Management LLC acquired a new stake in Kroger Co (NYSE:KR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 131,914 shares of the company’s stock, valued at approximately $3,401,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Citizens Financial Group Inc RI lifted its holdings in Kroger by 21.6% in the third quarter. Citizens Financial Group Inc RI now owns 2,323 shares of the company’s stock valued at $60,000 after buying an additional 413 shares during the period. Delta Asset Management LLC TN increased its holdings in shares of Kroger by 35.8% in the third quarter. Delta Asset Management LLC TN now owns 1,630 shares of the company’s stock valued at $42,000 after purchasing an additional 430 shares during the period. Cedar Wealth Management LLC increased its holdings in shares of Kroger by 2.0% in the third quarter. Cedar Wealth Management LLC now owns 23,645 shares of the company’s stock valued at $610,000 after purchasing an additional 455 shares during the period. Simmons Bank grew its holdings in Kroger by 1.7% during the second quarter. Simmons Bank now owns 29,368 shares of the company’s stock worth $638,000 after acquiring an additional 482 shares during the period. Finally, Covington Capital Management grew its holdings in Kroger by 10.4% during the second quarter. Covington Capital Management now owns 5,520 shares of the company’s stock worth $120,000 after acquiring an additional 520 shares during the period. 80.35% of the stock is owned by institutional investors and hedge funds.

NYSE KR traded up $0.16 on Friday, hitting $27.02. 6,533,301 shares of the stock were exchanged, compared to its average volume of 8,694,465. Kroger Co has a 52-week low of $20.70 and a 52-week high of $31.98. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.76 and a quick ratio of 0.27. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 2.00 and a beta of 0.56. The company’s 50-day moving average price is $25.12 and its two-hundred day moving average price is $23.89.

Kroger (NYSE:KR) last released its earnings results on Thursday, September 12th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The firm had revenue of $28.17 billion during the quarter, compared to analyst estimates of $28.34 billion. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. Equities analysts predict that Kroger Co will post 2.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, November 14th. Kroger’s dividend payout ratio (DPR) is currently 30.33%.

In other Kroger news, VP Carin L. Fike sold 4,652 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $26.00, for a total value of $120,952.00. Following the transaction, the vice president now directly owns 33,796 shares of the company’s stock, valued at approximately $878,696. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mary Ellen Adcock sold 15,400 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $28.00, for a total transaction of $431,200.00. Following the completion of the transaction, the senior vice president now directly owns 121,085 shares in the company, valued at $3,390,380. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,323 shares of company stock valued at $3,537,389. 1.34% of the stock is owned by insiders.

Several research firms have recently weighed in on KR. JPMorgan Chase & Co. raised their target price on Kroger from $24.00 to $27.00 in a research report on Thursday, October 24th. Guggenheim set a $26.00 target price on Kroger and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Pivotal Research reaffirmed a “buy” rating and issued a $30.00 price objective (up from $26.00) on shares of Kroger in a research note on Wednesday, September 11th. Bank of America set a $28.00 target price on Kroger and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Morgan Stanley set a $26.00 target price on Kroger and gave the stock a “hold” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.37.

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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