Juncture Wealth Strategies LLC Takes $202,000 Position in The Kroger Co. (NYSE:KR)

Juncture Wealth Strategies LLC bought a new stake in shares of The Kroger Co. (NYSE:KRGet Rating) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 4,268 shares of the company’s stock, valued at approximately $202,000.

Several other large investors have also recently modified their holdings of KR. People s United Financial Inc. increased its position in shares of Kroger by 101.0% during the 4th quarter. People s United Financial Inc. now owns 34,307 shares of the company’s stock valued at $1,553,000 after purchasing an additional 17,235 shares during the last quarter. Hilltop Holdings Inc. purchased a new position in Kroger during the 4th quarter valued at $222,000. Kayne Anderson Rudnick Investment Management LLC grew its position in Kroger by 1.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 90,050 shares of the company’s stock valued at $4,076,000 after acquiring an additional 990 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Kroger by 31.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 16,282 shares of the company’s stock worth $736,000 after purchasing an additional 3,864 shares during the period. Finally, Mutual Advisors LLC lifted its position in shares of Kroger by 14.7% during the fourth quarter. Mutual Advisors LLC now owns 7,025 shares of the company’s stock worth $318,000 after purchasing an additional 902 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

KR has been the topic of several recent analyst reports. Oppenheimer reduced their price target on shares of Kroger to $51.00 in a research note on Tuesday, September 6th. UBS Group raised their price target on shares of Kroger to $57.00 in a research note on Tuesday, September 13th. Credit Suisse Group reduced their price target on shares of Kroger from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, September 8th. StockNews.com raised shares of Kroger from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, MKM Partners raised their price target on shares of Kroger from $48.00 to $55.00 in a research note on Tuesday, June 21st. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kroger has a consensus rating of “Hold” and an average target price of $52.89.

Kroger Stock Up 0.5 %

Shares of Kroger stock opened at $45.50 on Friday. The firm’s 50 day moving average price is $47.81 and its 200-day moving average price is $51.38. The company has a quick ratio of 0.28, a current ratio of 0.72 and a debt-to-equity ratio of 1.30. The Kroger Co. has a 52-week low of $38.22 and a 52-week high of $62.78. The company has a market cap of $32.57 billion, a P/E ratio of 13.83, a PEG ratio of 0.96 and a beta of 0.47.

Kroger (NYSE:KRGet Rating) last issued its quarterly earnings data on Friday, September 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Kroger had a net margin of 1.70% and a return on equity of 31.72%. The firm had revenue of $34.64 billion for the quarter, compared to the consensus estimate of $34.44 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts predict that The Kroger Co. will post 4.06 EPS for the current fiscal year.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Monday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 31.61%.

Kroger Company Profile

(Get Rating)

The Kroger Co operates as a 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.

Further Reading

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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