BB&T Corp reduced its stake in shares of Kroger Co (NYSE:KR) by 29.2% during the first quarter, Holdings Channel reports. The fund owned 114,771 shares of the company’s stock after selling 47,243 shares during the period. BB&T Corp’s holdings in Kroger were worth $3,385,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Dynamic Capital Management Ltd increased its position in Kroger by 39.3% in the third quarter. Dynamic Capital Management Ltd now owns 70,488 shares of the company’s stock valued at $2,092,000 after buying an additional 19,899 shares during the last quarter. Trust Investment Advisors increased its position in Kroger by 5.4% in the third quarter. Trust Investment Advisors now owns 23,600 shares of the company’s stock valued at $700,000 after buying an additional 1,200 shares during the last quarter. Benedict Financial Advisors Inc. purchased a new position in Kroger during the third quarter valued at approximately $353,000. APG Asset Management N.V. increased its position in Kroger by 0.7% in the third quarter. APG Asset Management N.V. now owns 5,523,092 shares of the company’s stock valued at $163,925,000 after buying an additional 40,100 shares during the last quarter. Finally, National Investment Services Inc. WI purchased a new position in Kroger during the third quarter valued at approximately $1,715,000. 77.10% of the stock is currently owned by institutional investors.
Shares of Kroger Co (NYSE:KR) traded up 0.44% on Friday, hitting $29.35. 7,539,970 shares of the stock traded hands. The firm has a market cap of $26.83 billion, a P/E ratio of 14.32 and a beta of 0.78. Kroger Co has a 52 week low of $28.29 and a 52 week high of $37.97. The stock has a 50-day moving average price of $29.52 and a 200 day moving average price of $32.02.
Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, March 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Kroger had a net margin of 1.77% and a return on equity of 31.48%. The company earned $27.61 billion during the quarter, compared to the consensus estimate of $27.31 billion. During the same period in the previous year, the firm posted $0.57 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Kroger Co will post $2.19 EPS for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, May 11th. Kroger’s dividend payout ratio is currently 23.08%.
Several brokerages recently issued reports on KR. Credit Suisse Group AG reiterated a “neutral” rating and issued a $33.00 price target (up from $29.00) on shares of Kroger in a research note on Thursday, January 19th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $38.00 price target (up from $36.00) on shares of Kroger in a research note on Wednesday, February 22nd. Zacks Investment Research upgraded Kroger from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. Vetr cut Kroger from a “strong-buy” rating to a “buy” rating and set a $37.30 price target for the company. in a research note on Monday, February 13th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $33.00 price target on shares of Kroger in a research note on Tuesday, February 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. Kroger has an average rating of “Hold” and an average target price of $36.32.
In other news, insider Michael Joseph Donnelly sold 22,400 shares of Kroger stock in a transaction on Friday, April 28th. The shares were sold at an average price of $30.00, for a total transaction of $672,000.00. Following the completion of the sale, the insider now directly owns 254,008 shares of the company’s stock, valued at approximately $7,620,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Todd A. Foley sold 11,000 shares of Kroger stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $29.53, for a total transaction of $324,830.00. Following the sale, the vice president now directly owns 24,014 shares of the company’s stock, valued at $709,133.42. The disclosure for this sale can be found here. Insiders have sold a total of 68,004 shares of company stock valued at $2,031,368 over the last ninety days. 0.85% of the stock is currently owned by insiders.
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.
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