Sanders Capital LLC Invests $293.54 Million in Kroger Co (KR) Stock

Sanders Capital LLC acquired a new stake in shares of Kroger Co (NYSE:KR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,739,142 shares of the company’s stock, valued at approximately $293,538,000. Kroger makes up about 1.5% of Sanders Capital LLC’s investment portfolio, making the stock its 21st largest holding. Sanders Capital LLC owned 1.11% of Kroger at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. IHT Wealth Management LLC increased its position in Kroger by 122.1% during the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock worth $376,000 after purchasing an additional 1,523 shares during the last quarter. Bessemer Group Inc. increased its position in Kroger by 97.2% during the fourth quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock worth $136,000 after purchasing an additional 2,455 shares during the last quarter. Howe & Rusling Inc. acquired a new stake in Kroger during the third quarter worth about $103,000. Mountain Capital Investment Advisors Inc acquired a new stake in Kroger during the second quarter worth about $128,000. Finally, Balentine LLC increased its position in Kroger by 1,263.2% during the second quarter. Balentine LLC now owns 6,380 shares of the company’s stock worth $149,000 after purchasing an additional 5,912 shares during the last quarter. 80.55% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on KR. Wells Fargo & Co reiterated an “outperform” rating and set a $26.00 price target on shares of Kroger in a research report on Friday, November 3rd. Goldman Sachs Group reiterated a “neutral” rating and set a $22.00 price target on shares of Kroger in a research report on Tuesday, November 14th. BMO Capital Markets set a $29.00 price objective on shares of Kroger and gave the company a “hold” rating in a report on Friday, December 1st. Moffett Nathanson began coverage on shares of Kroger in a report on Monday, December 4th. They issued a “buy” rating for the company. Finally, Pivotal Research set a $30.00 price objective on shares of Kroger and gave the company a “buy” rating in a report on Saturday, December 2nd. Seventeen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Kroger currently has an average rating of “Hold” and a consensus price target of $29.52.

In other news, insider Christopher T. Hjelm sold 8,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.64, for a total transaction of $245,120.00. Following the transaction, the insider now directly owns 251,784 shares in the company, valued at approximately $7,714,661.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Michael Joseph Donnelly sold 40,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $30.64, for a total transaction of $1,225,600.00. Following the transaction, the vice president now owns 319,124 shares in the company, valued at $9,777,959.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,868 shares of company stock worth $3,403,416. 0.85% of the stock is owned by insiders.

Shares of Kroger Co (NYSE KR) traded up $0.01 on Thursday, reaching $28.41. 813,032 shares of the company’s stock traded hands, compared to its average volume of 10,083,778. 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 firm has a market cap of $24,783.89, a PE ratio of 17.07, a P/E/G ratio of 4.58 and a beta of 0.95. Kroger Co has a 12 month low of $19.69 and a 12 month high of $34.75.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. sell-side analysts anticipate that Kroger Co will post 2.04 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a $0.125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.76%. Kroger’s dividend payout ratio is presently 29.76%.

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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.

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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