Citizens Financial Group Inc RI cut its holdings in The Kroger Co. (NYSE:KR – Get Rating) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,661 shares of the company’s stock after selling 1,356 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Kroger were worth $528,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Hsbc Holdings PLC raised its position in Kroger by 41.5% in the 3rd quarter. Hsbc Holdings PLC now owns 2,129,311 shares of the company’s stock valued at $86,614,000 after buying an additional 624,483 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Kroger by 3.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 756,826 shares of the company’s stock worth $34,254,000 after acquiring an additional 25,968 shares during the period. Gotham Asset Management LLC lifted its holdings in Kroger by 406.9% during the 3rd quarter. Gotham Asset Management LLC now owns 65,292 shares of the company’s stock worth $2,640,000 after purchasing an additional 52,411 shares in the last quarter. RBA Wealth Management LLC purchased a new stake in Kroger during the 4th quarter worth about $240,000. Finally, AlphaCrest Capital Management LLC raised its holdings in shares of Kroger by 83.2% in the 4th quarter. AlphaCrest Capital Management LLC now owns 41,385 shares of the company’s stock valued at $1,873,000 after acquiring an additional 18,792 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors.
Shares of NYSE KR opened at $51.23 on Wednesday. The firm has a market cap of $36.93 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.41 and a beta of 0.49. The company has a quick ratio of 0.33, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The Kroger Co. has a 52-week low of $35.91 and a 52-week high of $62.78. The business’s 50 day moving average is $56.36 and its two-hundred day moving average is $49.20.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, May 12th. Kroger’s dividend payout ratio is currently 38.53%.
In related news, SVP Timothy A. Massa sold 50,283 shares of the business’s stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $58.03, for a total transaction of $2,917,922.49. Following the completion of the transaction, the senior vice president now owns 163,956 shares in the company, valued at $9,514,366.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Todd A. Foley sold 4,200 shares of the company’s stock in a transaction on Monday, March 14th. The shares were sold at an average price of $55.05, for a total transaction of $231,210.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 432,968 shares of company stock valued at $24,877,771. Insiders own 1.35% of the company’s stock.
Several equities analysts recently issued reports on KR shares. Scotiabank raised their price target on Kroger from $60.00 to $64.00 in a research report on Thursday, March 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Kroger from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, March 7th. BMO Capital Markets boosted their price target on Kroger from $41.00 to $57.00 and gave the stock a “market perform” rating in a research note on Friday, March 4th. Telsey Advisory Group upped their price objective on Kroger from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, April 7th. Finally, StockNews.com assumed coverage on Kroger in a report on Thursday, March 31st. They set a “strong-buy” rating for the company. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.95.
About Kroger (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Kroger (KR)
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