Kroger Co (KR) Holdings Boosted by M&T Bank Corp

M&T Bank Corp grew its stake in shares of Kroger Co (NYSE:KR) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,533 shares of the company’s stock after buying an additional 1,566 shares during the period. M&T Bank Corp’s holdings in Kroger were worth $4,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Chicago Equity Partners LLC raised its position in shares of Kroger by 45.6% during the third quarter. Chicago Equity Partners LLC now owns 283,365 shares of the company’s stock worth $8,249,000 after purchasing an additional 88,700 shares during the period. Poplar Forest Capital LLC raised its position in shares of Kroger by 44.3% during the third quarter. Poplar Forest Capital LLC now owns 757,374 shares of the company’s stock worth $22,047,000 after purchasing an additional 232,431 shares during the period. Pendal Group Ltd raised its position in shares of Kroger by 45.0% during the fourth quarter. Pendal Group Ltd now owns 296,833 shares of the company’s stock worth $8,163,000 after purchasing an additional 92,090 shares during the period. Strs Ohio raised its position in shares of Kroger by 1,785.1% during the fourth quarter. Strs Ohio now owns 1,240,726 shares of the company’s stock worth $34,119,000 after purchasing an additional 1,174,908 shares during the period. Finally, Wealthquest Corp acquired a new stake in shares of Kroger during the fourth quarter worth about $237,000. Hedge funds and other institutional investors own 79.70% of the company’s stock.

Shares of Kroger stock opened at $27.83 on Friday. Kroger Co has a 52-week low of $22.85 and a 52-week high of $32.74. The company has a market capitalization of $22.48 billion, a P/E ratio of 13.64, a PEG ratio of 1.84 and a beta of 0.73. The company has a current ratio of 0.73, a quick ratio of 0.25 and a debt-to-equity ratio of 1.53.

Kroger (NYSE:KR) last announced its earnings results on Thursday, December 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. Kroger had a return on equity of 26.64% and a net margin of 2.99%. The business had revenue of $27.67 billion for the quarter, compared to analyst estimates of $27.64 billion. During the same quarter last year, the firm earned $0.44 EPS. Kroger’s revenue for the quarter was down .3% compared to the same quarter last year. Research analysts forecast that Kroger Co will post 2.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Thursday, February 14th. Kroger’s dividend payout ratio is presently 27.45%.

A number of equities research analysts have recently commented on KR shares. Telsey Advisory Group raised their price target on Kroger from $29.00 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 31st. UBS Group raised their price target on Kroger from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 31st. Jefferies Financial Group raised their price target on Kroger from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Pivotal Research reaffirmed a “hold” rating and set a $31.00 price target on shares of Kroger in a research report on Tuesday, December 4th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $32.00 price target on shares of Kroger in a research report on Tuesday, December 4th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $31.27.

In other Kroger news, Director Robert D. Beyer sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $27.39, for a total value of $1,369,500.00. Following the completion of the transaction, the director now directly owns 230,722 shares in the company, valued at $6,319,475.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Ellen Adcock sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $31.21, for a total value of $57,738.50. Following the completion of the transaction, the insider now owns 97,119 shares of the company’s stock, valued at $3,031,083.99. The disclosure for this sale can be found here. In the last three months, insiders sold 164,698 shares of company stock worth $4,663,637. 1.07% of the stock is owned by insiders.

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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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