USS Investment Management Ltd purchased a new stake in shares of Kroger Co (NYSE:KR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,036,600 shares of the company’s stock, valued at approximately $28,470,000. USS Investment Management Ltd owned about 0.12% of Kroger at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Kroger by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 69,201,771 shares of the company’s stock valued at $1,613,786,000 after purchasing an additional 852,864 shares during the last quarter. FMR LLC lifted its holdings in shares of Kroger by 17.7% during the second quarter. FMR LLC now owns 49,409,616 shares of the company’s stock worth $1,152,232,000 after buying an additional 7,446,349 shares in the last quarter. State Street Corp lifted its holdings in shares of Kroger by 0.3% during the second quarter. State Street Corp now owns 39,414,284 shares of the company’s stock worth $919,140,000 after buying an additional 100,796 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Kroger by 0.3% during the third quarter. Janus Henderson Group PLC now owns 8,281,641 shares of the company’s stock worth $166,129,000 after buying an additional 21,381 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Kroger by 2.0% during the third quarter. Nordea Investment Management AB now owns 7,404,636 shares of the company’s stock worth $148,537,000 after buying an additional 145,491 shares in the last quarter. 79.59% of the stock is owned by institutional investors and hedge funds.
In other Kroger news, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the transaction, the vice president now owns 25,956 shares in the company, valued at $664,733.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael Joseph Donnelly sold 15,400 shares of Kroger stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $27.66, for a total value of $425,964.00. Following the completion of the transaction, the chief operating officer now owns 290,353 shares in the company, valued at approximately $8,031,163.98. The disclosure for this sale can be found here. Insiders sold 58,868 shares of company stock worth $1,607,426 in the last 90 days. 0.87% of the stock is owned by company insiders.
Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the Zacks’ 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 company had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter last year, the business earned $0.41 earnings per share. Kroger’s revenue was up 4.5% on a year-over-year basis. research analysts anticipate that Kroger Co will post 2.04 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Co reissued an “outperform” rating and set a $26.00 target price on shares of Kroger in a report on Friday, November 3rd. Zacks Investment Research downgraded Kroger from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. Goldman Sachs Group reissued a “neutral” rating and set a $22.00 target price on shares of Kroger in a report on Tuesday, November 14th. BMO Capital Markets set a $29.00 target price on Kroger and gave the stock a “hold” rating in a report on Friday, December 1st. Finally, Moffett Nathanson assumed coverage on Kroger in a report on Monday, December 4th. They set a “buy” rating for the company. Seventeen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger has a consensus rating of “Hold” and an average target price of $29.80.
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.
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