The Kroger Co. (NYSE:KR) Holdings Reduced by American International Group Inc.

American International Group Inc. decreased its position in The Kroger Co. (NYSE:KR) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 173,458 shares of the company’s stock after selling 1,204 shares during the period. American International Group Inc.’s holdings in Kroger were worth $7,929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KR. Belpointe Asset Management LLC boosted its holdings in shares of Kroger by 2.0% in the third quarter. Belpointe Asset Management LLC now owns 12,405 shares of the company’s stock valued at $555,000 after acquiring an additional 240 shares in the last quarter. Level Four Advisory Services LLC boosted its holdings in shares of Kroger by 1.8% in the fourth quarter. Level Four Advisory Services LLC now owns 14,134 shares of the company’s stock valued at $646,000 after acquiring an additional 247 shares in the last quarter. Mendel Capital Management LLC boosted its holdings in shares of Kroger by 0.8% in the fourth quarter. Mendel Capital Management LLC now owns 33,132 shares of the company’s stock valued at $1,514,000 after acquiring an additional 253 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Kroger by 1.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,507 shares of the company’s stock valued at $800,000 after acquiring an additional 274 shares in the last quarter. Finally, Toroso Investments LLC boosted its holdings in shares of Kroger by 0.6% in the third quarter. Toroso Investments LLC now owns 47,930 shares of the company’s stock valued at $2,145,000 after acquiring an additional 277 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Kroger

In related news, VP Carin L. Fike sold 3,929 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $57.03, for a total value of $224,070.87. Following the completion of the sale, the vice president now owns 3,768 shares in the company, valued at approximately $214,889.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Kroger news, SVP Valerie L. Jabbar sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total value of $832,800.00. Following the completion of the sale, the senior vice president now owns 77,696 shares in the company, valued at approximately $4,313,681.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Carin L. Fike sold 3,929 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total transaction of $224,070.87. Following the completion of the sale, the vice president now owns 3,768 shares of the company’s stock, valued at approximately $214,889.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,796 shares of company stock worth $3,118,767. 1.40% of the stock is owned by corporate insiders.

Kroger Stock Up 1.8 %

Shares of NYSE:KR opened at $51.98 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.36 and a current ratio of 0.81. The company has a market cap of $37.51 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.93 and a beta of 0.43. The Kroger Co. has a 52 week low of $42.10 and a 52 week high of $58.34. The firm has a 50 day simple moving average of $53.87 and a 200 day simple moving average of $50.67.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KR shares. Wells Fargo & Company upgraded shares of Kroger from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $58.00 to $65.00 in a report on Tuesday, April 16th. Guggenheim increased their target price on shares of Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. StockNews.com lowered shares of Kroger from a “strong-buy” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets raised shares of Kroger from a “market perform” rating to an “outperform” rating and increased their target price for the company from $58.00 to $60.00 in a research note on Tuesday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $62.00 target price on shares of Kroger in a research note on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.90.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.