Oregon Public Employees Retirement Fund Buys 188,356 Shares of Kroger Co. (KR)
Oregon Public Employees Retirement Fund increased its position in Kroger Co. (NYSE:KR) by 84.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 410,306 shares of the company’s stock after buying an additional 188,356 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Kroger were worth $12,178,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of KR. NEXT Financial Group Inc boosted its stake in Kroger by 3.5% in the second quarter. NEXT Financial Group Inc now owns 5,464 shares of the company’s stock worth $201,000 after buying an additional 187 shares in the last quarter. Patten & Patten Inc. TN boosted its stake in Kroger by 41.0% in the second quarter. Patten & Patten Inc. TN now owns 40,281 shares of the company’s stock worth $1,482,000 after buying an additional 11,706 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd boosted its stake in Kroger by 0.5% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 103,449 shares of the company’s stock worth $3,806,000 after buying an additional 487 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock worth $137,000 after buying an additional 100 shares in the last quarter. Finally, First Financial Bank N.A. Trust Division boosted its stake in Kroger by 0.9% in the second quarter. First Financial Bank N.A. Trust Division now owns 39,594 shares of the company’s stock worth $1,457,000 after buying an additional 340 shares in the last quarter. Hedge funds and other 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, hitting $33.53. The stock had a trading volume of 5,448,140 shares. The firm has a 50-day moving average of $31.17 and a 200 day moving average of $33.42. The firm has a market cap of $31.66 billion, a PE 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 announced its earnings results on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The firm earned $26.60 billion during the quarter. During the same quarter in the previous year, the company earned $0.44 EPS. Kroger’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts expect that Kroger Co. will post $2.13 earnings per share for the current year.
The firm 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 dividend of $0.12 per share. The ex-dividend date is Thursday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.43%. Kroger’s payout ratio is 22.86%.
A number of research firms recently commented on KR. Goldman Sachs Group Inc. upgraded Kroger from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, July 26th. Wolfe Research lowered Kroger from a “peer perform” rating to an “underperform” rating in a research note on Thursday, July 28th. Credit Suisse Group AG reissued a “hold” rating and issued a $34.00 price target on shares of Kroger in a research note on Thursday, July 28th. BMO Capital Markets lowered Kroger from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $34.01 to $35.00 in a research note on Tuesday, August 2nd. Finally, Vetr lowered Kroger from a “hold” rating to a “sell” rating and set a $32.15 price target on the stock. in a research note on Monday, November 14th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $38.28.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the sale, the insider now owns 130,857 shares in the company, valued at approximately $4,063,109.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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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