Traders Buy Kroger (KR) on Weakness
Investors bought shares of Kroger Co (NYSE:KR) on weakness during trading on Monday. $69.09 million flowed into the stock on the tick-up and $40.88 million flowed out of the stock on the tick-down, for a money net flow of $28.21 million into the stock. Of all equities tracked, Kroger had the 20th highest net in-flow for the day. Kroger traded down ($0.09) for the day and closed at $29.63
Several equities analysts recently weighed in on the stock. Stephens set a $29.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Tuesday, January 16th. Jefferies Group upgraded shares of Kroger from a “hold” rating to a “buy” rating and increased their price target for the company from $26.98 to $33.00 in a research report on Friday, January 5th. Zacks Investment Research lowered shares of Kroger from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine lowered shares of Kroger from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, TheStreet upgraded shares of Kroger from a “c+” rating to a “b” rating in a research report on Wednesday, December 27th. Seventeen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.48.
The firm has a market cap of $26,110.00, a price-to-earnings ratio of 17.64, a P/E/G ratio of 3.90 and a beta of 0.93. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s payout ratio is 29.76%.
In other news, VP Michael Joseph Donnelly sold 15,400 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $27.66, for a total value of $425,964.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the sale, the vice president now directly owns 25,956 shares in the company, valued at $664,733.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,868 shares of company stock worth $1,607,426. Insiders own 0.87% of the company’s stock.
Several institutional investors have recently made changes to their positions in KR. Howe & Rusling Inc. bought a new position in shares of Kroger in the third quarter worth approximately $103,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Kroger in the second quarter worth approximately $128,000. Archford Capital Strategies LLC increased its position in shares of Kroger by 38,135.3% in the second quarter. Archford Capital Strategies LLC now owns 13,000 shares of the company’s stock worth $139,000 after purchasing an additional 12,966 shares during the last quarter. Balentine LLC increased its position in shares of Kroger by 1,263.2% in the second quarter. Balentine LLC now owns 6,380 shares of the company’s stock worth $149,000 after purchasing an additional 5,912 shares during the last quarter. Finally, Sun Life Financial INC increased its position in shares of Kroger by 45,020.0% in the second quarter. Sun Life Financial INC now owns 6,768 shares of the company’s stock worth $158,000 after purchasing an additional 6,753 shares during the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.
Kroger Company 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.
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.