Wealthquest Corp increased its holdings in shares of Kroger Co (NYSE:KR) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,170 shares of the company’s stock after purchasing an additional 527 shares during the quarter. Wealthquest Corp’s holdings in Kroger were worth $225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KR. Atlas Brown Inc. raised its holdings in Kroger by 5.0% in the fourth quarter. Atlas Brown Inc. now owns 7,562 shares of the company’s stock worth $208,000 after purchasing an additional 361 shares in the last quarter. O Dell Group LLC increased its holdings in Kroger by 4.5% in the 4th quarter. O Dell Group LLC now owns 9,094 shares of the company’s stock valued at $250,000 after purchasing an additional 389 shares in the last quarter. Deane Retirement Strategies Inc. boosted its position in Kroger by 0.8% in the 4th quarter. Deane Retirement Strategies Inc. now owns 51,516 shares of the company’s stock valued at $1,417,000 after buying an additional 392 shares during the last quarter. Utah Retirement Systems boosted its position in Kroger by 0.3% in the 4th quarter. Utah Retirement Systems now owns 147,912 shares of the company’s stock valued at $4,068,000 after buying an additional 400 shares during the last quarter. Finally, Summit Global Investments boosted its position in Kroger by 4.8% in the 4th quarter. Summit Global Investments now owns 9,063 shares of the company’s stock valued at $249,000 after buying an additional 415 shares during the last quarter. Institutional investors and hedge funds own 82.20% of the company’s stock.

KR traded up $0.20 during midday trading on Thursday, hitting $25.74. The stock had a trading volume of 29,038 shares, compared to its average volume of 8,161,651. The firm has a market cap of $20.56 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.53 and a beta of 0.63. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.76 and a quick ratio of 0.28. Kroger Co has a 1 year low of $23.52 and a 1 year high of $32.74.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Kroger had a return on equity of 23.50% and a net margin of 2.57%. The firm had revenue of $28.09 billion during the quarter, compared to the consensus estimate of $28.38 billion. During the same quarter last year, the company posted $0.63 EPS. Kroger’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Kroger Co will post 2.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Tuesday, May 14th. Kroger’s payout ratio is currently 26.54%.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, February 5th. ValuEngine downgraded shares of Kroger from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Morgan Stanley dropped their target price on shares of Kroger from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 8th. Buckingham Research initiated coverage on shares of Kroger in a report on Thursday, February 7th. They issued an “underperform” rating and a $28.18 target price on the stock. Finally, Pivotal Research restated a “hold” rating and set a $26.00 price objective (down previously from $31.00) on shares of Kroger in a report on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.33.

In other news, Director Robert D. Beyer sold 80,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $24.52, for a total value of $1,961,600.00. Following the sale, the director now owns 126,800 shares in the company, valued at $3,109,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.07% of the company’s stock.

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Kroger Profile

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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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