Kroger Co (KR) Holdings Lifted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in Kroger Co (NYSE:KR) by 19.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 317,192 shares of the company’s stock after purchasing an additional 50,679 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kroger were worth $9,234,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its holdings in Kroger by 2.3% in the second quarter. BlackRock Inc. now owns 65,465,026 shares of the company’s stock worth $1,862,480,000 after buying an additional 1,490,831 shares during the last quarter. LSV Asset Management grew its stake in shares of Kroger by 6.1% in the second quarter. LSV Asset Management now owns 15,856,614 shares of the company’s stock worth $451,120,000 after acquiring an additional 907,367 shares during the period. Victory Capital Management Inc. grew its stake in shares of Kroger by 1.4% in the second quarter. Victory Capital Management Inc. now owns 8,533,613 shares of the company’s stock worth $242,781,000 after acquiring an additional 119,262 shares during the period. Morgan Stanley grew its stake in shares of Kroger by 12.4% in the second quarter. Morgan Stanley now owns 7,621,037 shares of the company’s stock worth $216,820,000 after acquiring an additional 842,386 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Kroger by 5,574.9% in the second quarter. Millennium Management LLC now owns 6,969,288 shares of the company’s stock worth $198,276,000 after acquiring an additional 6,846,478 shares during the period. 79.00% of the stock is owned by institutional investors and hedge funds.

KR has been the subject of a number of research analyst reports. Telsey Advisory Group lifted their price target on shares of Kroger from $27.00 to $29.00 and gave the stock a “market perform” rating in a research note on Friday, June 22nd. Jefferies Financial Group lifted their price target on shares of Kroger from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, June 22nd. Morgan Stanley lifted their price target on shares of Kroger from $26.50 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, June 22nd. Credit Suisse Group lifted their price target on shares of Kroger from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, June 22nd. Finally, Pivotal Research lowered shares of Kroger from a “buy” rating to a “hold” rating and lifted their price target for the stock from $30.00 to $31.00 in a research note on Monday, June 25th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $30.16.

In other Kroger news, SVP Calvin J. Kaufman sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $27.47, for a total value of $288,435.00. Following the completion of the transaction, the senior vice president now directly owns 124,688 shares in the company, valued at $3,425,179.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Erin S. Sharp sold 25,314 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total transaction of $734,106.00. The disclosure for this sale can be found here. Insiders have sold 36,575 shares of company stock valued at $1,044,779 over the last 90 days. 1.07% of the stock is currently owned by company insiders.

Shares of NYSE KR opened at $27.56 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.73 and a quick ratio of 0.26. The company has a market cap of $21.82 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. Kroger Co has a 12-month low of $20.36 and a 12-month high of $32.74.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. The company had revenue of $27.87 billion during the quarter, compared to analyst estimates of $27.95 billion. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. Equities research analysts anticipate that Kroger Co will post 2.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 15th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.56 annualized dividend and a yield of 2.03%. Kroger’s dividend payout ratio (DPR) is 27.45%.

Kroger Company Profile

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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