State Treasurer State of Michigan grew its holdings in shares of Kroger Co (NYSE:KR) by 0.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,876 shares of the company’s stock after buying an additional 1,400 shares during the period. State Treasurer State of Michigan’s holdings in Kroger were worth $5,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Lavaca Capital LLC purchased a new stake in shares of Kroger in the 1st quarter valued at about $25,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Kroger in the 1st quarter valued at about $25,000. Doyle Wealth Management purchased a new stake in shares of Kroger in the 4th quarter valued at about $26,000. Riverview Trust Co purchased a new stake in shares of Kroger in the 4th quarter valued at about $26,000. Finally, Motco purchased a new stake in shares of Kroger in the 1st quarter valued at about $28,000. 83.32% of the stock is owned by institutional investors.

NYSE KR opened at $25.25 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.28 and a current ratio of 0.76. Kroger Co has a 12-month low of $23.52 and a 12-month high of $32.74. The company has a market cap of $20.13 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.53 and a beta of 0.64.

Kroger (NYSE:KR) last released its earnings results on Thursday, March 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.03). Kroger had a return on equity of 23.50% and a net margin of 2.57%. The business had revenue of $28.09 billion for the quarter, compared to analyst estimates of $28.38 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Kroger Co will post 2.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.22%. The ex-dividend date is Tuesday, May 14th. Kroger’s payout ratio is 26.54%.

In other Kroger news, VP Michael Joseph Donnelly sold 10,916 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $25.83, for a total transaction of $281,960.28. Following the transaction, the vice president now owns 351,095 shares in the company, valued at approximately $9,068,783.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Beyer sold 80,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 126,800 shares in the company, valued at approximately $3,109,136. The disclosure for this sale can be found here. Insiders have sold a total of 108,416 shares of company stock worth $2,694,175 in the last quarter. 1.07% of the stock is currently owned by insiders.

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

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Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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