ING Groep NV Acquires Shares of 33,155 Kroger (KR)

ING Groep NV acquired a new position in shares of Kroger (NYSE:KR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 33,155 shares of the company’s stock, valued at approximately $794,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC grew its holdings in shares of Kroger by 297.2% during the 4th quarter. Advisory Services Network LLC now owns 3,773 shares of the company’s stock valued at $104,000 after acquiring an additional 2,823 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of Kroger during the 4th quarter valued at $119,000. Bessemer Group Inc. grew its holdings in shares of Kroger by 97.2% during the 4th quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock valued at $136,000 after acquiring an additional 2,455 shares in the last quarter. Gradient Investments LLC purchased a new position in shares of Kroger during the 4th quarter valued at $152,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Kroger during the 4th quarter valued at $162,000. Hedge funds and other institutional investors own 79.47% of the company’s stock.

Several research firms have recently commented on KR. Credit Suisse Group set a $30.00 price target on shares of Kroger and gave the company a “buy” rating in a report on Thursday. Moffett Nathanson cut shares of Kroger from a “buy” rating to a “neutral” rating in a report on Friday, May 11th. Bank of America upgraded shares of Kroger from a “neutral” rating to a “buy” rating and boosted their price target for the company from $28.00 to $33.00 in a report on Thursday. Pivotal Research restated a “buy” rating and set a $28.00 price target (down from $32.00) on shares of Kroger in a report on Monday, March 12th. Finally, ValuEngine cut shares of Kroger from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Kroger presently has an average rating of “Hold” and an average price target of $27.48.

Shares of NYSE:KR opened at $24.89 on Friday. The firm has a market capitalization of $20.01 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.78 and a quick ratio of 0.32. Kroger has a 1 year low of $19.69 and a 1 year high of $31.45.

Kroger (NYSE:KR) last released its earnings results on Thursday, March 8th. The company reported $0.63 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.63. The firm had revenue of $31.03 billion during the quarter, compared to analyst estimates of $30.81 billion. Kroger had a net margin of 1.55% and a return on equity of 29.27%. The business’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. equities analysts anticipate that Kroger will post 2.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, May 14th. Kroger’s dividend payout ratio is 24.51%.

Kroger declared that its board has authorized a share buyback program on Thursday, March 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other Kroger news, VP Todd A. Foley sold 3,800 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $24.43, for a total transaction of $92,834.00. Following the completion of the transaction, the vice president now owns 31,273 shares of the company’s stock, valued at approximately $763,999.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is owned by insiders.

Kroger Company Profile

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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