Kroger Co (KR) Shares Bought by Dupont Capital Management Corp

Dupont Capital Management Corp boosted its position in Kroger Co (NYSE:KR) by 2,136.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,546 shares of the company’s stock after buying an additional 159,100 shares during the quarter. Dupont Capital Management Corp’s holdings in Kroger were worth $4,848,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Landaas & Co. WI ADV bought a new stake in Kroger in the 2nd quarter valued at $100,000. Bridgeworth LLC bought a new stake in Kroger in the 2nd quarter valued at $109,000. CSat Investment Advisory L.P. bought a new stake in Kroger in the 2nd quarter valued at $109,000. Zions Bancorporation bought a new stake in Kroger in the 3rd quarter valued at $128,000. Finally, First Hawaiian Bank bought a new stake in Kroger in the 3rd quarter valued at $148,000. Institutional investors and hedge funds own 78.76% of the company’s stock.

A number of analysts have weighed in on KR shares. Zacks Investment Research raised shares of Kroger from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, August 21st. Morgan Stanley reduced their price target on shares of Kroger from $28.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, September 27th. Credit Suisse Group set a $33.00 price target on shares of Kroger and gave the company a “hold” rating in a report on Thursday, September 13th. Deutsche Bank downgraded shares of Kroger from a “hold” rating to a “sell” rating and reduced their price target for the company from $30.00 to $24.00 in a report on Tuesday, October 9th. Finally, Stephens set a $28.00 price target on shares of Kroger and gave the company a “hold” rating in a report on Friday, September 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. Kroger presently has a consensus rating of “Hold” and a consensus target price of $30.40.

In other news, SVP Calvin J. Kaufman sold 10,500 shares of the firm’s stock in a transaction dated Thursday, October 11th. The shares were 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 directly owns 124,688 shares of the company’s stock, valued at approximately $3,425,179.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Clyde R. Moore sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $29.06, for a total transaction of $377,780.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,575 shares of company stock valued at $1,422,559 over the last ninety days. 1.07% of the stock is owned by insiders.

NYSE:KR opened at $31.39 on Friday. The stock has a market cap of $25.00 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.77. Kroger Co has a 52 week low of $21.25 and a 52 week high of $32.74. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 1.65.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, September 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $27.87 billion during the quarter, compared to the consensus estimate of $27.95 billion. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, equities research analysts expect that Kroger Co will post 2.11 EPS for the current year.

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

About Kroger

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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