Strategic Investment Advisors MI acquired a new stake in The Kroger Co. (NYSE:KR) during the fourth quarter, HoldingsChannel reports. The fund acquired 18,529 shares of the company’s stock, valued at approximately $588,000.

Other hedge funds have also made changes to their positions in the company. IFM Investors Pty Ltd lifted its position in The Kroger by 18.2% in the 4th quarter. IFM Investors Pty Ltd now owns 75,801 shares of the company’s stock valued at $2,407,000 after acquiring an additional 11,654 shares in the last quarter. Redpoint Investment Management Pty Ltd grew its stake in The Kroger by 5.2% in the 4th quarter. Redpoint Investment Management Pty Ltd now owns 26,504 shares of the company’s stock valued at $842,000 after buying an additional 1,316 shares during the last quarter. Sowell Financial Services LLC grew its stake in The Kroger by 32.6% in the 4th quarter. Sowell Financial Services LLC now owns 39,840 shares of the company’s stock valued at $1,265,000 after buying an additional 9,787 shares during the last quarter. Acropolis Investment Management LLC grew its stake in The Kroger by 10.0% in the 4th quarter. Acropolis Investment Management LLC now owns 20,403 shares of the company’s stock valued at $648,000 after buying an additional 1,858 shares during the last quarter. Finally, Central Bank & Trust Co. grew its stake in The Kroger by 31.8% in the 4th quarter. Central Bank & Trust Co. now owns 18,813 shares of the company’s stock valued at $597,000 after buying an additional 4,537 shares during the last quarter. 78.57% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Robert W. Clark sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, December 9th. The shares were sold at an average price of $31.10, for a total transaction of $1,010,750.00. Following the completion of the sale, the senior vice president now owns 170,981 shares in the company, valued at $5,317,509.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald Sargent acquired 3,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 30th. The shares were bought at an average price of $31.65 per share, with a total value of $101,280.00. Following the acquisition, the director now directly owns 116,520 shares of the company’s stock, valued at approximately $3,687,858. The disclosure for this purchase can be found here. Insiders have sold 41,307 shares of company stock worth $1,284,623 over the last three months. 1.36% of the stock is owned by insiders.

Shares of KR traded up $0.47 during trading hours on Wednesday, reaching $31.99. 8,663,113 shares of the stock traded hands, compared to its average volume of 9,863,380. The company has a current ratio of 0.83, a quick ratio of 0.35 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $31.54 and a 200 day simple moving average of $33.36. The Kroger Co. has a 52 week low of $26.72 and a 52 week high of $37.22. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.48 and a beta of 0.34.

The Kroger (NYSE:KR) last released its quarterly earnings results on Wednesday, December 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The Kroger had a net margin of 2.29% and a return on equity of 27.26%. The company had revenue of $29.72 billion for the quarter, compared to analyst estimates of $30.03 billion. During the same period last year, the firm earned $0.47 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Analysts predict that The Kroger Co. will post 3.35 earnings per share for the current fiscal year.

A number of brokerages recently commented on KR. Northcoast Research reiterated a “buy” rating on shares of The Kroger in a research note on Wednesday, September 16th. ValuEngine cut shares of The Kroger from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 15th. BidaskClub upgraded shares of The Kroger from a “strong sell” rating to a “sell” rating in a research report on Monday, December 28th. Smith Barney Citigroup decreased their price target on shares of The Kroger from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, December 4th. Finally, Morgan Stanley decreased their price objective on shares of The Kroger from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Monday, December 7th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $34.77.

The 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.

Read More: Understanding dividend yield and dividend payout ratio

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kroger Co. (NYSE:KR).

Institutional Ownership by Quarter for The Kroger (NYSE:KR)

Receive News & Ratings for The Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kroger and related companies with MarketBeat.com's FREE daily email newsletter.