Kroger Co (KR) Holding Grow by RWC Asset Management LLP

Kroger Co (KR) Holding Grow by RWC Asset Management LLP

RWC Asset Management LLP increased its position in Kroger Co (NYSE:KR) by 62.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 466,866 shares of the company’s stock after buying an additional 178,805 shares during the period. RWC Asset Management LLP’s holdings in Kroger were worth $13,768,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Selway Asset Management bought a new stake in shares of Kroger during the first quarter worth about $492,000. Vident Investment Advisory LLC raised its stake in shares of Kroger by 0.3% in the fourth quarter. Vident Investment Advisory LLC now owns 42,464 shares of the company’s stock worth $1,465,000 after buying an additional 113 shares during the period. Whittier Trust Co. raised its stake in shares of Kroger by 11.4% in the first quarter. Whittier Trust Co. now owns 94,145 shares of the company’s stock worth $2,775,000 after buying an additional 9,646 shares during the period. Quotient Investors LLC raised its stake in shares of Kroger by 58.6% in the first quarter. Quotient Investors LLC now owns 67,382 shares of the company’s stock worth $1,987,000 after buying an additional 24,900 shares during the period. Finally, Seatown Holdings Pte. Ltd. bought a new stake in shares of Kroger during the first quarter worth about $15,040,000. Institutional investors and hedge funds own 77.10% of the company’s stock.

Kroger Co (NYSE:KR) traded down 0.40% during midday trading on Friday, reaching $30.13. 7,284,330 shares of the company traded hands. The company has a 50-day moving average price of $29.53 and a 200-day moving average price of $31.73. Kroger Co has a 12-month low of $28.29 and a 12-month high of $37.97. The company has a market cap of $27.55 billion, a price-to-earnings ratio of 14.70 and a beta of 0.78. Kroger also was the recipient of unusually large options trading on Wednesday. Stock traders purchased 9,807 call options on the stock. This represents an increase of 186% compared to the typical volume of 3,430 call options.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, May 11th. Kroger’s payout ratio is presently 23.08%.

Several research firms have weighed in on KR. Credit Suisse Group AG set a $33.00 target price on shares of Kroger and gave the company a “hold” rating in a research note on Thursday, March 2nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $38.00 target price (up previously from $36.00) on shares of Kroger in a research note on Wednesday, February 22nd. Royal Bank of Canada upgraded shares of Kroger from a “sector perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research note on Thursday, March 23rd. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. Finally, Goldman Sachs Group Inc lowered shares of Kroger from a “conviction-buy” rating to a “buy” rating in a research note on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $36.05.

In other news, Director Susan J. Kropf sold 10,000 shares of the stock in a transaction on Monday, April 10th. The stock was sold at an average price of $29.90, for a total transaction of $299,000.00. Following the sale, the director now owns 84,673 shares in the company, valued at $2,531,722.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald Sargent sold 4,465 shares of the stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $29.35, for a total value of $131,047.75. Following the sale, the director now owns 81,240 shares in the company, valued at approximately $2,384,394. The disclosure for this sale can be found here. Insiders have sold 74,604 shares of company stock worth $2,234,714 in the last 90 days. Company insiders own 0.85% of the company’s stock.

Kroger Company Profile

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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