Cheviot Value Management LLC purchased a new stake in Kroger Co (NYSE:KR) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 8,763 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors have also made changes to their positions in KR. Landaas & Co. WI ADV acquired a new position in Kroger during the 2nd quarter worth about $100,000. Creative Financial Designs Inc. ADV lifted its stake in Kroger by 100.2% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 5,170 shares of the company’s stock worth $147,000 after acquiring an additional 2,587 shares in the last quarter. Kiley Juergens Wealth Management LLC acquired a new position in Kroger during the 2nd quarter worth about $173,000. AdvisorNet Financial Inc lifted its stake in Kroger by 355.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 6,371 shares of the company’s stock worth $181,000 after acquiring an additional 4,971 shares in the last quarter. Finally, Buckingham Capital Management Inc. acquired a new position in Kroger during the 2nd quarter worth about $202,000. 78.75% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on KR shares. ValuEngine upgraded Kroger from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. Northcoast Research restated a “buy” rating and set a $36.00 price target on shares of Kroger in a report on Monday, July 23rd. Wolfe Research downgraded Kroger from a “market perform” rating to an “underperform” rating in a report on Monday, June 25th. Bank of America upgraded Kroger from a “neutral” rating to a “buy” rating and upped their price target for the stock from $28.00 to $33.00 in a report on Thursday, May 17th. Finally, Morgan Stanley upped their price target on Kroger from $26.50 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, June 22nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.38.

KR opened at $31.04 on Friday. Kroger Co has a one year low of $19.69 and a one year high of $32.40. The stock has a market capitalization of $24.78 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 2.19 and a beta of 0.95. The company has a current ratio of 0.76, a quick ratio of 0.29 and a debt-to-equity ratio of 1.74.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, June 21st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. Kroger had a return on equity of 29.59% and a net margin of 2.93%. The business had revenue of $37.53 billion for the quarter, compared to the consensus estimate of $37.25 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts expect that Kroger Co will post 2.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Stockholders of record on Wednesday, August 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.80%. This is an increase from Kroger’s previous quarterly dividend of $0.13. Kroger’s dividend payout ratio is presently 27.45%.

In related news, Director Susan J. Kropf sold 13,000 shares of the company’s stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $28.43, for a total value of $369,590.00. Following the completion of the sale, the director now directly owns 101,171 shares of the company’s stock, valued at approximately $2,876,291.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Carin L. Fike sold 4,000 shares of the company’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $28.76, for a total value of $115,040.00. Following the completion of the sale, the vice president now directly owns 29,361 shares of the company’s stock, valued at $844,422.36. The disclosure for this sale can be found here. Corporate insiders own 1.07% of the company’s stock.

About Kroger

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

Further Reading: Penny Stocks, Risk and Reward Factors

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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