Morris Capital Advisors LLC Sells 333 Shares of The Kroger Co. (NYSE:KR)

Morris Capital Advisors LLC lessened its holdings in The Kroger Co. (NYSE:KRGet Rating) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,908 shares of the company’s stock after selling 333 shares during the period. Morris Capital Advisors LLC’s holdings in Kroger were worth $327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KR. People s United Financial Inc. lifted its position in shares of Kroger by 101.0% during the 4th quarter. People s United Financial Inc. now owns 34,307 shares of the company’s stock valued at $1,553,000 after buying an additional 17,235 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of Kroger during the 4th quarter worth about $222,000. Kayne Anderson Rudnick Investment Management LLC increased its position in Kroger by 1.1% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 90,050 shares of the company’s stock worth $4,076,000 after buying an additional 990 shares during the period. Rockefeller Capital Management L.P. increased its position in Kroger by 31.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 16,282 shares of the company’s stock worth $736,000 after buying an additional 3,864 shares during the period. Finally, Mutual Advisors LLC increased its holdings in shares of Kroger by 14.7% in the fourth quarter. Mutual Advisors LLC now owns 7,025 shares of the company’s stock valued at $318,000 after purchasing an additional 902 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Kroger Trading Down 1.3 %

Shares of Kroger stock traded down $0.61 on Friday, hitting $44.89. 400,152 shares of the company’s stock traded hands, compared to its average volume of 6,295,270. The Kroger Co. has a one year low of $38.22 and a one year high of $62.78. The stock has a market capitalization of $32.13 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.47. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.72 and a quick ratio of 0.28. The firm’s 50-day moving average price is $47.81 and its two-hundred day moving average price is $51.38.

Kroger (NYSE:KRGet Rating) last posted its quarterly earnings data on Friday, September 9th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $34.64 billion during the quarter, compared to the consensus estimate of $34.44 billion. Kroger had a net margin of 1.70% and a return on equity of 31.72%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. On average, research analysts expect that The Kroger Co. will post 4.06 EPS for the current fiscal year.

Kroger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, November 14th. Kroger’s dividend payout ratio (DPR) is currently 31.61%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. MKM Partners lifted their price target on Kroger from $48.00 to $55.00 in a research note on Tuesday, June 21st. Credit Suisse Group decreased their target price on Kroger from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, September 8th. UBS Group boosted their target price on Kroger to $57.00 in a research report on Tuesday, September 13th. Morgan Stanley boosted their price target on Kroger from $41.00 to $43.00 and gave the stock an “underweight” rating in a report on Monday, September 12th. Finally, Guggenheim reiterated a “buy” rating and issued a $57.00 target price on shares of Kroger in a research note on Friday, June 17th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.89.

Kroger Profile

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The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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.

See Also

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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