Ossiam Sells 51,574 Shares of The Kroger Co. (NYSE:KR)

Ossiam decreased its holdings in The Kroger Co. (NYSE:KR) by 29.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 121,068 shares of the company’s stock after selling 51,574 shares during the quarter. Ossiam’s holdings in The Kroger were worth $4,927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Berkshire Hathaway Inc grew its position in The Kroger by 52.3% during the 1st quarter. Berkshire Hathaway Inc now owns 51,060,296 shares of the company’s stock worth $1,837,660,000 after acquiring an additional 17,526,279 shares during the last quarter. BlackRock Inc. grew its position in The Kroger by 2.7% during the 2nd quarter. BlackRock Inc. now owns 76,077,865 shares of the company’s stock worth $2,914,544,000 after acquiring an additional 2,005,835 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in The Kroger by 13,815.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,725,541 shares of the company’s stock worth $62,102,000 after acquiring an additional 1,713,141 shares during the last quarter. APG Asset Management N.V. grew its position in The Kroger by 31.6% during the 2nd quarter. APG Asset Management N.V. now owns 6,142,262 shares of the company’s stock worth $198,423,000 after acquiring an additional 1,473,500 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its position in The Kroger by 99.9% during the 1st quarter. State of Wisconsin Investment Board now owns 1,939,603 shares of the company’s stock worth $69,806,000 after acquiring an additional 969,518 shares during the last quarter. Institutional investors own 82.42% of the company’s stock.

A number of brokerages recently weighed in on KR. boosted their price objective on The Kroger from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, June 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on The Kroger from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Monday, June 21st. Northcoast Research upped their price target on The Kroger from $46.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, September 7th. Barclays upped their price target on The Kroger from $35.00 to $37.00 and gave the company an “underweight” rating in a research report on Monday, September 13th. Finally, Citigroup upped their price target on The Kroger from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, June 18th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, The Kroger currently has an average rating of “Hold” and an average price target of $38.44.

Shares of NYSE:KR traded down $0.25 during midday trading on Thursday, reaching $39.22. The company’s stock had a trading volume of 16,676 shares, compared to its average volume of 9,050,231. The firm has a market capitalization of $29.17 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.54 and a beta of 0.39. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.82. The firm has a 50 day moving average price of $42.82 and a two-hundred day moving average price of $39.75. The Kroger Co. has a fifty-two week low of $30.35 and a fifty-two week high of $47.99.

The Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, September 9th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.16. The Kroger had a return on equity of 28.26% and a net margin of 0.87%. The business had revenue of $31.68 billion for the quarter, compared to the consensus estimate of $30.69 billion. During the same period in the prior year, the business earned $0.73 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that The Kroger Co. will post 3.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Monday, November 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, November 12th. The Kroger’s dividend payout ratio (DPR) is currently 24.21%.

The Kroger declared that its board has initiated a stock repurchase plan on Thursday, June 17th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other The Kroger news, VP Christine S. Wheatley sold 25,322 shares of the business’s stock in a transaction that occurred on Thursday, October 7th. The stock was sold at an average price of $39.68, for a total transaction of $1,004,776.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Carin L. Fike sold 783 shares of the business’s stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $42.04, for a total value of $32,917.32. Following the sale, the vice president now directly owns 34,766 shares of the company’s stock, valued at $1,461,562.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,479 shares of company stock worth $2,966,226. 1.35% of the stock is owned by company insiders.

The Kroger Company Profile

The Kroger Co engages in the operation of supermarkets and multi-department stores. Its brands include Big K, Check This Out…, Heritage Farm, Simple Truth, and Simple Truth Organic. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.

Further Reading: What can cause a stock to outperform?

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

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