Calton & Associates Inc. Acquires Shares of 4,890 The Kroger Co. (NYSE:KR)

Calton & Associates Inc. acquired a new stake in The Kroger Co. (NYSE:KRFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,890 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Moors & Cabot Inc. grew its position in shares of Kroger by 2.7% during the 3rd quarter. Moors & Cabot Inc. now owns 8,839 shares of the company’s stock worth $396,000 after buying an additional 236 shares during the period. Belpointe Asset Management LLC grew its position in shares of Kroger by 2.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 12,405 shares of the company’s stock worth $555,000 after buying an additional 240 shares during the period. Mendel Capital Management LLC grew its position in shares of Kroger by 0.8% during the 4th quarter. Mendel Capital Management LLC now owns 33,132 shares of the company’s stock worth $1,514,000 after buying an additional 253 shares during the period. Balentine LLC boosted its stake in Kroger by 2.5% during the 3rd quarter. Balentine LLC now owns 10,700 shares of the company’s stock worth $479,000 after acquiring an additional 257 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in Kroger by 0.3% during the 3rd quarter. New York Life Investment Management LLC now owns 103,368 shares of the company’s stock worth $4,626,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other Kroger news, SVP Valerie L. Jabbar sold 15,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total value of $832,800.00. Following the transaction, the senior vice president now directly owns 77,696 shares in the company, valued at $4,313,681.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Kroger news, SVP Valerie L. Jabbar sold 15,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total value of $832,800.00. Following the transaction, the senior vice president now directly owns 77,696 shares in the company, valued at $4,313,681.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Carin L. Fike sold 3,929 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $57.03, for a total transaction of $224,070.87. Following the completion of the transaction, the vice president now owns 3,768 shares in the company, valued at $214,889.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,796 shares of company stock worth $3,118,767. Insiders own 1.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Kroger from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $58.00 to $65.00 in a research note on Tuesday, April 16th. Evercore ISI reduced their price objective on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. BNP Paribas reissued an “underperform” rating and set a $48.00 price objective on shares of Kroger in a research note on Monday, April 8th. Guggenheim lifted their price objective on shares of Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Kroger in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Kroger currently has an average rating of “Moderate Buy” and a consensus target price of $55.17.

Read Our Latest Stock Report on KR

Kroger Stock Up 1.6 %

Shares of KR stock traded up $0.90 during trading on Friday, reaching $55.90. The company’s stock had a trading volume of 3,450,799 shares, compared to its average volume of 4,251,424. The business has a fifty day moving average price of $55.50 and a 200-day moving average price of $48.91. The company has a quick ratio of 0.36, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The company has a market cap of $40.34 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.57 and a beta of 0.49. The Kroger Co. has a one year low of $42.10 and a one year high of $58.34.

Kroger (NYSE:KRGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.21. The business had revenue of $37.06 billion for the quarter, compared to the consensus estimate of $37.07 billion. Kroger had a net margin of 1.44% and a return on equity of 31.44%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. Analysts anticipate that The Kroger Co. will post 4.43 earnings per share for the current year.

Kroger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.08%. Kroger’s payout ratio is 39.19%.

Kroger Company Profile

(Free Report)

The Kroger Co operates as a food and drug 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.

Further Reading

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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