The Henderson Group PLC Acquires 1,400 Shares of Kroger Co (KR)

The Henderson Group PLC Acquires 1,400 Shares of Kroger Co (KR)

Other institutional investors also recently modified their holdings of the company. Advantage Investment Management LLC acquired a new stake in Kroger during the fourth quarter valued at approximately $110,000. Signature Estate & Investment Advisors LLC acquired a new stake in Kroger during the first quarter valued at approximately $102,000. Kernodle & Katon Asset Management Group LLC acquired a new stake in Kroger during the third quarter valued at approximately $135,000. Baldwin Brothers Inc. MA boosted its stake in Kroger by 23.4% in the first quarter. Baldwin Brothers Inc. MA now owns 5,000 shares of the company’s stock valued at $147,000 after buying an additional 948 shares during the period. Finally, Physicians Financial Services Inc. boosted its stake in Kroger by 121.7% in the third quarter. Physicians Financial Services Inc. now owns 6,740 shares of the company’s stock valued at $200,000 after buying an additional 3,700 shares during the period. Hedge funds and other institutional investors own 77.10% of the company’s stock.

Henderson Group PLC increased its stake in shares of Kroger Co (NYSE:KR) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,081 shares of the company’s stock after buying an additional 1,400 shares during the period. Henderson Group PLC’s holdings in Kroger were worth $3,629,000 as of its most recent SEC filing.

Shares of Kroger Co (NYSE:KR) opened at 30.13 on Monday. The firm has a 50-day moving average price of $29.53 and a 200-day moving average price of $31.73. The company has a market cap of $27.55 billion, a P/E ratio of 14.70 and a beta of 0.78. Kroger Co has a 1-year low of $28.29 and a 1-year high of $37.97.

Kroger (NYSE:KR) last posted its earnings results on Thursday, March 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Kroger had a return on equity of 31.48% and a net margin of 1.77%. The firm had revenue of $27.61 billion for the quarter, compared to analyst estimates of $27.31 billion. During the same quarter in the prior year, the company earned $0.57 EPS. Kroger’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Kroger Co will post $2.19 EPS for the current year. The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Thursday, May 11th. Kroger’s payout ratio is currently 23.08%.

Kroger (NYSE:KR) last posted its earnings results on Thursday, March 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Kroger had a return on equity of 31.48% and a net margin of 1.77%. The firm had revenue of $27.61 billion for the quarter, compared to analyst estimates of $27.31 billion. During the same quarter in the prior year, the company earned $0.57 EPS. Kroger’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Kroger Co will post $2.19 EPS for the current year. Several brokerages have issued reports on KR. Goldman Sachs Group Inc cut Kroger from a “conviction-buy” rating to a “buy” rating in a research report on Friday, March 3rd. Loop Capital began coverage on Kroger in a research report on Monday, May 15th. They issued a “hold” rating and a $32.00 target price on the stock. 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. Vetr cut Kroger from a “strong-buy” rating to a “buy” rating and set a $33.46 target price on the stock. in a research report on Wednesday, May 10th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Kroger in a research report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Kroger presently has a consensus rating of “Hold” and an average price target of $36.05.

In other Kroger news, insider Michael Joseph Donnelly sold 17,600 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $30.01, for a total value of $528,176.00. Following the completion of the transaction, the insider now directly owns 249,208 shares in the company, valued at approximately $7,478,732.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Oflen Mary Elizabeth Van sold 8,000 shares of the business’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $30.04, for a total value of $240,320.00. Following the completion of the transaction, the vice president now owns 65,564 shares of the company’s stock, valued at $1,969,542.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,604 shares of company stock worth $2,234,714. 0.85% of the stock is owned by corporate insiders. About Kroger

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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