Kroger Co (KR) Shares Bought by Vident Investment Advisory LLC

Vident Investment Advisory LLC boosted its stake in Kroger Co (NYSE:KR) by 0.3% during the fourth quarter, Holdings Channel reports. The firm owned 42,464 shares of the company’s stock after buying an additional 113 shares during the period. Vident Investment Advisory LLC’s holdings in Kroger were worth $1,465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Kroger during the fourth quarter valued at $313,013,000. Assenagon Asset Management S.A. purchased a new position in shares of Kroger during the fourth quarter valued at $3,519,000. AE Wealth Management LLC purchased a new position in shares of Kroger during the fourth quarter valued at $255,000. Willis Investment Counsel raised its position in shares of Kroger by 0.5% in the fourth quarter. Willis Investment Counsel now owns 153,020 shares of the company’s stock valued at $5,281,000 after buying an additional 790 shares during the period. Finally, Hanlon Investment Management Inc. purchased a new position in shares of Kroger during the fourth quarter valued at $2,836,000. 77.10% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Kroger (NYSE:KR)

Shares of Kroger Co (NYSE:KR) opened at 29.845 on Monday. The stock’s 50 day moving average price is $31.91 and its 200-day moving average price is $32.30. Kroger Co has a 12 month low of $28.29 and a 12 month high of $39.22. The stock has a market capitalization of $27.58 billion, a price-to-earnings ratio of 14.559 and a beta of 0.78.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, March 2nd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. Kroger had a net margin of 1.77% and a return on equity of 31.48%. The business had revenue of $27.61 billion for the quarter, compared to analysts’ expectations of $27.31 billion. During the same period in the previous year, the company posted $0.57 EPS. Kroger’s revenue was up 5.5% on a year-over-year basis. Equities analysts forecast that Kroger Co will post $2.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Thursday, May 11th. Kroger’s dividend payout ratio is currently 23.08%.

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Several brokerages recently weighed in on KR. Northcoast Research lowered Kroger from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 7th. Hilliard Lyons lowered Kroger to a “buy” rating in a research report on Monday, March 6th. BMO Capital Markets set a $35.00 target price on Kroger and gave the stock a “hold” rating in a research report on Saturday, March 4th. Deutsche Bank AG set a $35.00 target price on Kroger and gave the stock a “buy” rating in a research report on Sunday, March 5th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Kroger in a research report on Friday, March 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.91.

In other news, VP Todd A. Foley sold 11,000 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $29.53, for a total transaction of $324,830.00. Following the transaction, the vice president now directly owns 24,014 shares in the company, valued at approximately $709,133.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.85% of the company’s stock.

About Kroger

The Kroger Co operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company operates through retail operations segment. It also manufactures and processes food for sale in its supermarkets. Its supermarkets operate under various formats, such as combination food and drug stores (combo stores), multi-department stores, marketplace stores or price impact warehouses.

5 Day Chart for NYSE:KR

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).

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