Alethea Capital Management LLC Takes $279,000 Position in Kroger Company (The) (KR)
Alethea Capital Management LLC purchased a new stake in shares of Kroger Company (The) (NYSE:KR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,931 shares of the company’s stock, valued at approximately $279,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Howe & Rusling Inc. bought a new position in Kroger Company (The) during the third quarter valued at $103,000. Dupont Capital Management Corp bought a new position in Kroger Company (The) during the second quarter valued at $105,000. Cedar Wealth Management LLC grew its holdings in Kroger Company (The) by 155.9% during the second quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock valued at $116,000 after purchasing an additional 3,040 shares during the period. CWM LLC grew its holdings in Kroger Company (The) by 1,162.2% during the second quarter. CWM LLC now owns 5,213 shares of the company’s stock valued at $122,000 after purchasing an additional 4,800 shares during the period. Finally, Grove Bank & Trust grew its holdings in Kroger Company (The) by 9.3% during the second quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock valued at $124,000 after purchasing an additional 450 shares during the period. 75.59% of the stock is owned by institutional investors.
Shares of Kroger Company (NYSE:KR) traded up $0.53 during trading hours on Wednesday, reaching $21.84. The company had a trading volume of 4,098,636 shares, compared to its average volume of 15,444,326. Kroger Company has a 52 week low of $19.69 and a 52 week high of $36.44. The stock has a market cap of $18,973.51, a P/E ratio of 11.17, a PEG ratio of 1.64 and a beta of 0.82. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.33 and a current ratio of 0.87.
Kroger Company (The) (NYSE:KR) last announced its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $27.60 billion for the quarter, compared to the consensus estimate of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. Kroger Company (The)’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. equities research analysts anticipate that Kroger Company will post 2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 annualized dividend and a yield of 2.29%. Kroger Company (The)’s payout ratio is 30.30%.
Several equities analysts have weighed in on the company. Northcoast Research raised Kroger Company (The) from a “neutral” rating to a “buy” rating in a report on Monday. Wells Fargo & Company reissued an “outperform” rating and set a $26.00 price objective on shares of Kroger Company (The) in a report on Friday, November 3rd. Zacks Investment Research lowered Kroger Company (The) from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. UBS AG reissued a “hold” rating and set a $24.00 price objective on shares of Kroger Company (The) in a report on Thursday, October 12th. Finally, Stephens raised Kroger Company (The) from an “underweight” rating to an “equal weight” rating and set a $36.44 price target for the company in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $29.14.
About Kroger Company (The)
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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