Stifel Financial Corp Sells 229,051 Shares of Kroger Co (KR)

Stifel Financial Corp cut its holdings in Kroger Co (NYSE:KR) by 34.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 437,752 shares of the company’s stock after selling 229,051 shares during the period. Stifel Financial Corp’s holdings in Kroger were worth $8,800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Kroger by 497.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after buying an additional 4,390 shares in the last quarter. Frontier Investment Mgmt Co. boosted its stake in Kroger by 107.2% during the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after buying an additional 25,940 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Kroger by 66.3% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock valued at $1,776,000 after buying an additional 34,856 shares during the last quarter. AMG National Trust Bank boosted its stake in Kroger by 107.3% during the second quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock valued at $1,629,000 after buying an additional 36,164 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in Kroger by 10.0% during the third quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock valued at $6,971,000 after buying an additional 31,561 shares during the last quarter. Institutional investors own 79.10% of the company’s stock.

Shares of Kroger Co (KR) traded down $0.25 during midday trading on Wednesday, hitting $26.33. The stock had a trading volume of 7,762,600 shares, compared to its average volume of 12,259,262. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. Kroger Co has a 12-month low of $19.69 and a 12-month high of $36.44. The stock has a market capitalization of $23,426.60, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 3.51 and a beta of 0.92.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.48 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. research analysts expect that Kroger Co will post 2.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.90%. Kroger’s payout ratio is 29.76%.

A number of brokerages recently commented on KR. Jefferies Group reissued a “hold” rating on shares of Kroger in a research note on Friday, August 25th. BidaskClub lowered Kroger from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of Kroger in a research note on Friday, November 3rd. Zacks Investment Research lowered Kroger from a “hold” rating to a “strong sell” rating in a research note on Monday, October 16th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of Kroger in a research note on Tuesday, November 14th. Eighteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.16.

In other Kroger news, VP Carin L. Fike sold 1,538 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jorge P. Montoya sold 10,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $26.98, for a total value of $269,800.00. Following the sale, the director now directly owns 108,910 shares in the company, valued at approximately $2,938,391.80. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

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Kroger 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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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