Magnetar Financial LLC purchased a new stake in Kroger Co (NYSE:KR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,697 shares of the company’s stock, valued at approximately $1,218,000.

A number of other large investors also recently made changes to their positions in KR. Daiwa Securities Group Inc. increased its position in shares of Kroger by 4.0% in the second quarter. Daiwa Securities Group Inc. now owns 26,100 shares of the company’s stock valued at $609,000 after buying an additional 1,000 shares in the last quarter. Sei Investments Co. increased its position in shares of Kroger by 67.1% in the second quarter. Sei Investments Co. now owns 354,958 shares of the company’s stock valued at $8,278,000 after buying an additional 142,483 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Kroger by 12.2% in the second quarter. Candriam Luxembourg S.C.A. now owns 79,201 shares of the company’s stock valued at $1,847,000 after buying an additional 8,585 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Kroger by 12.4% in the second quarter. Global X Management Co. LLC now owns 7,357 shares of the company’s stock valued at $172,000 after buying an additional 811 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its position in shares of Kroger by 14.3% in the second quarter. Wetherby Asset Management Inc. now owns 13,142 shares of the company’s stock valued at $306,000 after buying an additional 1,640 shares in the last quarter. 79.10% of the stock is owned by institutional investors.

In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $26.98, for a total transaction of $269,800.00. Following the transaction, the director now owns 108,910 shares of the company’s stock, valued at $2,938,391.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the transaction, the vice president now directly owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

A number of analysts have recently commented on the company. Oppenheimer restated a “hold” rating and issued a $26.00 price objective on shares of Kroger in a research report on Monday, December 4th. Moffett Nathanson assumed coverage on Kroger in a research report on Monday, December 4th. They issued a “buy” rating for the company. Pivotal Research set a $30.00 price objective on Kroger and gave the company a “buy” rating in a research report on Saturday, December 2nd. BMO Capital Markets set a $29.00 price objective on Kroger and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, Telsey Advisory Group boosted their price objective on Kroger from $24.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, December 1st. Eighteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.16.

Shares of Kroger Co (NYSE:KR) opened at $26.68 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. Kroger Co has a 12-month low of $19.69 and a 12-month high of $36.44. The company has a market capitalization of $23,732.45, a P/E ratio of 13.75, a P/E/G ratio of 3.52 and a beta of 0.92.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. analysts predict that Kroger Co will post 2.02 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, November 14th. Kroger’s dividend payout ratio (DPR) is currently 29.76%.

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Kroger Profile

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.

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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