PDS Planning Inc Has $234,000 Stake in The Kroger Co. (NYSE:KR)

PDS Planning Inc trimmed its position in shares of The Kroger Co. (NYSE:KRGet Rating) by 12.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,947 shares of the company’s stock after selling 716 shares during the period. PDS Planning Inc’s holdings in Kroger were worth $234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Kroger by 5.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 89,525 shares of the company’s stock valued at $5,136,000 after purchasing an additional 4,586 shares during the period. Pacer Advisors Inc. increased its stake in Kroger by 68.9% during the first quarter. Pacer Advisors Inc. now owns 64,961 shares of the company’s stock valued at $3,727,000 after acquiring an additional 26,493 shares during the period. National Pension Service raised its holdings in Kroger by 5.4% in the 1st quarter. National Pension Service now owns 1,176,285 shares of the company’s stock valued at $67,483,000 after acquiring an additional 60,647 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in Kroger by 7.6% during the first quarter. Los Angeles Capital Management LLC now owns 304,038 shares of the company’s stock worth $17,443,000 after buying an additional 21,524 shares in the last quarter. Finally, Commerce Bank boosted its position in shares of Kroger by 1.1% during the 1st quarter. Commerce Bank now owns 30,531 shares of the company’s stock valued at $1,751,000 after acquiring an additional 346 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on KR. Morgan Stanley raised their target price on Kroger from $41.00 to $43.00 and gave the stock an “underweight” rating in a research report on Monday, September 12th. Evercore ISI upped their price objective on Kroger from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Monday, September 12th. Credit Suisse Group lowered their target price on Kroger from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, September 8th. StockNews.com upgraded Kroger from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, MKM Partners boosted their price objective on Kroger from $48.00 to $55.00 in a report on Tuesday, June 21st. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.89.

Kroger Stock Up 0.5 %

Kroger stock opened at $45.50 on Friday. The company has a 50 day moving average of $47.81 and a 200-day moving average of $51.38. The company has a quick ratio of 0.28, a current ratio of 0.72 and a debt-to-equity ratio of 1.30. The Kroger Co. has a twelve month low of $38.22 and a twelve month high of $62.78. The stock has a market capitalization of $32.57 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.96 and a beta of 0.47.

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

Kroger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, November 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.29%. Kroger’s dividend payout ratio is currently 31.61%.

About Kroger

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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

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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