Kroger Co. (KR) Position Increased by Community Trust & Investment Co.
Community Trust & Investment Co. boosted its stake in shares of Kroger Co. (NYSE:KR) by 42.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 402,614 shares of the company’s stock after buying an additional 119,991 shares during the period. Kroger accounts for 1.5% of Community Trust & Investment Co.’s portfolio, making the stock its 29th largest position. Community Trust & Investment Co.’s holdings in Kroger were worth $11,949,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Bristol Gate Capital Partners Inc. increased its stake in Kroger by 10.1% in the second quarter. Bristol Gate Capital Partners Inc. now owns 741,903 shares of the company’s stock valued at $27,295,000 after buying an additional 68,144 shares during the last quarter. BB&T Corp boosted its position in shares of Kroger by 196.4% in the second quarter. BB&T Corp now owns 287,193 shares of the company’s stock valued at $10,566,000 after buying an additional 190,292 shares during the period. Euclid Advisors LLC boosted its position in shares of Kroger by 40.3% in the first quarter. Euclid Advisors LLC now owns 739,729 shares of the company’s stock valued at $28,295,000 after buying an additional 212,459 shares during the period. WestEnd Advisors LLC acquired a new position in shares of Kroger during the second quarter valued at about $95,812,000. Finally, Affinity Investment Advisors LLC boosted its position in shares of Kroger by 1.6% in the second quarter. Affinity Investment Advisors LLC now owns 352,560 shares of the company’s stock valued at $12,971,000 after buying an additional 5,681 shares during the period. Institutional investors own 79.23% of the company’s stock.
Shares of Kroger Co. (NYSE:KR) traded up 0.24% during midday trading on Monday, reaching $33.53. 5,447,840 shares of the company traded hands. The company’s 50 day moving average is $31.17 and its 200-day moving average is $33.42. The stock has a market capitalization of $31.66 billion, a price-to-earnings ratio of 15.90 and a beta of 0.74. Kroger Co. has a 12 month low of $28.71 and a 12 month high of $42.75.
Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The company had revenue of $26.60 billion for the quarter. During the same period in the prior year, the business earned $0.44 earnings per share. Kroger’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts forecast that Kroger Co. will post $2.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. Kroger’s dividend payout ratio is currently 22.86%.
Several research analysts recently issued reports on KR shares. Goldman Sachs Group Inc. raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a report on Tuesday, July 26th. Credit Suisse Group AG reissued a “hold” rating and set a $34.00 target price on shares of Kroger in a report on Thursday, July 28th. Wolfe Research cut shares of Kroger from a “peer perform” rating to an “underperform” rating in a report on Thursday, July 28th. BMO Capital Markets cut shares of Kroger from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $34.01 to $35.00 in a report on Tuesday, August 2nd. Finally, Wells Fargo & Co. reissued an “outperform” rating on shares of Kroger in a report on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $38.28.
In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $31.05, for a total transaction of $962,550.00. Following the sale, the insider now directly owns 130,857 shares of the company’s stock, valued at approximately $4,063,109.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.85% of the company’s stock.
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.
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