Kroger Co (KR) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in Kroger Co (NYSE:KR) by 19.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 39,050 shares of the company’s stock after selling 9,403 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Kroger were worth $1,072,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. First Business Financial Services Inc. boosted its stake in Kroger by 26.1% in the fourth quarter. First Business Financial Services Inc. now owns 26,124 shares of the company’s stock valued at $717,000 after buying an additional 5,410 shares in the last quarter. Cognios Capital LLC acquired a new stake in Kroger in the fourth quarter valued at about $887,000. California Public Employees Retirement System boosted its stake in Kroger by 22.2% in the fourth quarter. California Public Employees Retirement System now owns 2,749,912 shares of the company’s stock valued at $75,485,000 after buying an additional 499,725 shares in the last quarter. Shelton Capital Management acquired a new stake in Kroger in the fourth quarter valued at about $231,000. Finally, Goelzer Investment Management Inc. boosted its stake in Kroger by 1.6% in the fourth quarter. Goelzer Investment Management Inc. now owns 182,090 shares of the company’s stock valued at $4,998,000 after buying an additional 2,895 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Michael Joseph Donnelly sold 15,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $27.66, for a total transaction of $425,964.00. Following the completion of the sale, the chief operating officer now owns 290,353 shares of the company’s stock, valued at $8,031,163.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert W. Clark sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $29.57, for a total value of $325,270.00. Following the sale, the insider now directly owns 130,780 shares of the company’s stock, valued at approximately $3,867,164.60. The disclosure for this sale can be found here. Insiders have sold 117,868 shares of company stock valued at $3,403,416 over the last 90 days. 0.87% of the stock is owned by corporate insiders.

Several research firms have commented on KR. ValuEngine downgraded Kroger from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BMO Capital Markets set a $31.00 target price on Kroger and gave the company a “hold” rating in a research report on Wednesday, January 24th. Morgan Stanley increased their target price on Kroger from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Citigroup increased their target price on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Finally, Stephens set a $29.00 target price on Kroger and gave the company a “hold” rating in a research report on Tuesday, January 16th. Seventeen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.52.

Kroger Co (KR) opened at $28.69 on Monday. Kroger Co has a 1 year low of $19.69 and a 1 year high of $34.75. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. The stock has a market capitalization of $25,286.27, a PE ratio of 14.79, a PEG ratio of 4.67 and a beta of 0.95.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share (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 during the quarter, compared to the consensus estimate of $27.48 billion. During the same period last year, the company earned $0.41 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. research analysts predict that Kroger Co will post 2.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.74%. Kroger’s dividend payout ratio (DPR) is 29.76%.

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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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