Kroger Co. (KR) Shares Sold by Swiss National Bank
Swiss National Bank reduced its position in shares of Kroger Co. (NYSE:KR) by 2.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,524,896 shares of the company’s stock after selling 70,700 shares during the period. Swiss National Bank owned 0.27% of Kroger worth $74,939,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of KR. Bank of Montreal Can acquired a new position in shares of Kroger during the second quarter worth $235,225,000. Capital Research Global Investors boosted its position in shares of Kroger by 9.7% in the second quarter. Capital Research Global Investors now owns 64,888,884 shares of the company’s stock worth $2,387,262,000 after buying an additional 5,748,043 shares during the period. Nordea Investment Management AB boosted its position in shares of Kroger by 365.3% in the second quarter. Nordea Investment Management AB now owns 6,121,963 shares of the company’s stock worth $225,227,000 after buying an additional 4,806,246 shares during the period. Janus Capital Management LLC boosted its position in shares of Kroger by 14.8% in the second quarter. Janus Capital Management LLC now owns 35,280,006 shares of the company’s stock worth $1,297,932,000 after buying an additional 4,550,220 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of Kroger by 3,504.0% in the third quarter. Neuberger Berman Group LLC now owns 3,651,805 shares of the company’s stock worth $108,386,000 after buying an additional 3,550,479 shares during the period. 75.51% of the stock is owned by institutional investors.
Shares of Kroger Co. (NYSE:KR) opened at 33.66 on Tuesday. The firm has a market capitalization of $31.78 billion, a price-to-earnings ratio of 15.96 and a beta of 0.74. Kroger Co. has a 1-year low of $28.71 and a 1-year high of $42.75. The company’s 50-day moving average is $31.92 and its 200 day moving average is $33.33.
Kroger (NYSE:KR) last announced its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The company earned $26.60 billion during the quarter. During the same quarter in the prior year, the company posted $0.44 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts expect that Kroger Co. will post $2.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, November 10th. Kroger’s dividend payout ratio (DPR) is currently 22.86%.
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Several analysts have commented on KR shares. Barclays PLC started coverage on shares of Kroger in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $33.00 target price for the company. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $40.00 price target on shares of Kroger in a report on Wednesday, October 5th. Citigroup Inc. decreased their price target on shares of Kroger from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, August 29th. RBC Capital Markets reiterated a “sector perform” rating and issued a $37.00 price target (down previously from $39.00) on shares of Kroger in a report on Wednesday, September 7th. Finally, Guggenheim reiterated a “buy” rating and issued a $40.00 price target on shares of Kroger in a report on Monday, October 31st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. Kroger has a consensus rating of “Hold” and an average target price of $38.28.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the 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 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 Securities & Exchange Commission, which is available at 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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