Paradigm Financial Advisors LLC Sells 14,470 Shares of Kroger Co (KR)

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Paradigm Financial Advisors LLC lowered its holdings in Kroger Co (NYSE:KR) by 44.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,081 shares of the company’s stock after selling 14,470 shares during the period. Paradigm Financial Advisors LLC’s holdings in Kroger were worth $526,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KR. Madison Investment Holdings Inc. raised its holdings in shares of Kroger by 6.3% during the second quarter. Madison Investment Holdings Inc. now owns 29,726 shares of the company’s stock valued at $846,000 after buying an additional 1,758 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Kroger by 4.6% during the second quarter. Pinnacle Associates Ltd. now owns 40,952 shares of the company’s stock valued at $1,165,000 after buying an additional 1,800 shares during the last quarter. TIAA FSB raised its holdings in shares of Kroger by 9.7% during the second quarter. TIAA FSB now owns 20,549 shares of the company’s stock valued at $585,000 after buying an additional 1,812 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Kroger by 2.0% during the second quarter. CIBC Asset Management Inc now owns 94,607 shares of the company’s stock valued at $2,692,000 after buying an additional 1,837 shares during the last quarter. Finally, First Fiduciary Investment Counsel Inc. raised its holdings in shares of Kroger by 0.4% during the second quarter. First Fiduciary Investment Counsel Inc. now owns 448,830 shares of the company’s stock valued at $12,769,000 after buying an additional 1,920 shares during the last quarter. 78.76% of the stock is currently owned by hedge funds and other institutional investors.

NYSE KR opened at $31.39 on Friday. Kroger Co has a 12 month low of $21.25 and a 12 month high of $32.74. The company has a current ratio of 0.73, a quick ratio of 0.26 and a debt-to-equity ratio of 1.65. The company has a market cap of $24.98 billion, a P/E ratio of 14.17, a P/E/G ratio of 2.20 and a beta of 0.77.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, September 13th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The business had revenue of $27.87 billion for the quarter, compared to analyst estimates of $27.95 billion. During the same quarter last year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts predict that Kroger Co will post 2.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 15th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.78%. Kroger’s dividend payout ratio is presently 27.45%.

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group lifted their price target on Kroger from $33.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. UBS Group lifted their price target on Kroger from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Telsey Advisory Group lifted their price target on Kroger from $29.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, October 31st. Deutsche Bank cut Kroger from a “hold” rating to a “sell” rating and cut their price target for the company from $30.00 to $24.00 in a report on Tuesday, October 9th. Finally, Credit Suisse Group set a $32.00 price target on Kroger and gave the company a “buy” rating in a report on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.40.

In other Kroger news, Director Clyde R. Moore sold 13,000 shares of Kroger stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $29.06, for a total value of $377,780.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Calvin J. Kaufman sold 10,500 shares of Kroger stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $27.47, for a total transaction of $288,435.00. Following the completion of the transaction, the senior vice president now owns 124,688 shares in the company, valued at approximately $3,425,179.36. The disclosure for this sale can be found here. Insiders have sold 49,575 shares of company stock worth $1,422,559 in the last quarter. Company insiders own 1.07% of the company’s stock.

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Kroger 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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