Clifford Swan Investment Counsel LLC bought a new position in Kroger Co (NYSE:KR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 9,200 shares of the company’s stock, valued at approximately $253,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KR. Sanders Capital LLC acquired a new stake in shares of Kroger during the 4th quarter worth approximately $293,538,000. Artisan Partners Limited Partnership acquired a new stake in shares of Kroger during the 3rd quarter worth approximately $119,454,000. Minneapolis Portfolio Management Group LLC acquired a new stake in shares of Kroger during the 4th quarter worth approximately $49,450,000. LSV Asset Management increased its holdings in shares of Kroger by 11.5% during the 4th quarter. LSV Asset Management now owns 14,112,947 shares of the company’s stock worth $387,400,000 after buying an additional 1,459,907 shares during the last quarter. Finally, Kopernik Global Investors LLC acquired a new stake in shares of Kroger during the 3rd quarter worth approximately $22,727,000. Institutional investors and hedge funds own 79.05% of the company’s stock.
Shares of Kroger Co (NYSE KR) opened at $28.69 on Tuesday. Kroger Co has a 1-year low of $19.69 and a 1-year high of $34.75. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. The firm has a market cap of $25,286.27, a P/E ratio of 14.79, a P/E/G ratio of 4.67 and a beta of 0.95.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.50 annualized dividend and a yield of 1.74%. Kroger’s dividend payout ratio is presently 29.76%.
In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $26.98, for a total value of $269,800.00. Following the completion of the transaction, the director now owns 108,910 shares of the company’s stock, valued at approximately $2,938,391.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the transaction, the vice president now directly owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The disclosure for this sale can be found here. Insiders sold a total of 117,868 shares of company stock valued at $3,403,416 in the last three months. 0.87% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on the stock. Wells Fargo & Co restated an “outperform” rating and set a $26.00 price target on shares of Kroger in a report on Friday, November 3rd. Goldman Sachs Group restated a “neutral” rating and set a $22.00 price target on shares of Kroger in a report on Tuesday, November 14th. BMO Capital Markets set a $29.00 price target on shares of Kroger and gave the stock a “hold” rating in a report on Friday, December 1st. Moffett Nathanson assumed coverage on shares of Kroger in a report on Monday, December 4th. They set a “buy” rating for the company. Finally, Pivotal Research set a $30.00 price target on shares of Kroger and gave the stock a “buy” rating in a report on Saturday, December 2nd. Seventeen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.52.
Kroger Company Profile
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Co (NYSE:KR).
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.