Exxonmobil Investment Management Inc. TX Reduces Position in Kroger Co (KR)

Exxonmobil Investment Management Inc. TX decreased its holdings in shares of Kroger Co (NYSE:KR) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,438 shares of the company’s stock after selling 22,430 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Kroger were worth $3,882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KR. Howe & Rusling Inc. acquired a new position in Kroger during the third quarter worth $103,000. Mountain Capital Investment Advisors Inc acquired a new position in Kroger during the second quarter worth $128,000. Northwestern Mutual Wealth Management Co. raised its holdings in Kroger by 85.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after buying an additional 2,708 shares during the last quarter. Archford Capital Strategies LLC raised its holdings in Kroger by 38,135.3% during the second quarter. Archford Capital Strategies LLC now owns 13,000 shares of the company’s stock worth $139,000 after buying an additional 12,966 shares during the last quarter. Finally, Citizens Financial Group Inc RI raised its holdings in Kroger by 4.3% during the second quarter. Citizens Financial Group Inc RI now owns 6,165 shares of the company’s stock worth $144,000 after buying an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 79.59% of the company’s stock.

KR has been the topic of several research reports. Northcoast Research upgraded shares of Kroger from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Oppenheimer restated a “hold” rating and set a $26.00 price objective on shares of Kroger in a report on Monday, December 4th. Citigroup upped their price objective on shares of Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. Zacks Investment Research downgraded shares of Kroger from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Jefferies Group upgraded shares of Kroger from a “hold” rating to a “buy” rating and upped their price objective for the stock from $26.98 to $33.00 in a report on Friday, January 5th. Seventeen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $29.80.

Shares of Kroger Co (KR) opened at $28.08 on Friday. Kroger Co has a one year low of $19.69 and a one year high of $34.99. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. The stock has a market cap of $24,750.00, a price-to-earnings ratio of 16.71, a PEG ratio of 3.60 and a beta of 0.93.

Kroger (NYSE:KR) last posted its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. research analysts expect that Kroger Co will post 2.03 earnings per share for the current year.

In related news, COO Michael Joseph Donnelly sold 15,400 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $27.66, for a total transaction of $425,964.00. Following the completion of the transaction, the chief operating officer now owns 290,353 shares in the company, valued at $8,031,163.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jorge P. Montoya sold 10,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. Following the transaction, the director now owns 108,910 shares of the company’s stock, valued at approximately $2,938,391.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,868 shares of company stock valued at $1,607,426. 0.87% of the stock is owned by company insiders.

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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.

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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