MRP Capital Investments LLC cut its holdings in The Kroger Co. (NYSE:KR – Free Report) by 24.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,240 shares of the company’s stock after selling 4,850 shares during the quarter. MRP Capital Investments LLC’s holdings in Kroger were worth $761,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Kroger in the 4th quarter worth $229,863,000. Maj Invest Holding A S acquired a new stake in Kroger in the first quarter valued at about $185,913,000. Sanders Capital LLC boosted its holdings in Kroger by 5.0% in the 4th quarter. Sanders Capital LLC now owns 23,786,389 shares of the company’s stock valued at $1,087,276,000 after purchasing an additional 1,123,427 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Kroger by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,591,402 shares of the company’s stock worth $678,562,000 after purchasing an additional 723,771 shares during the period. Finally, State of Michigan Retirement System raised its stake in shares of Kroger by 337.4% during the 2nd quarter. State of Michigan Retirement System now owns 922,487 shares of the company’s stock worth $46,060,000 after buying an additional 711,600 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, VP Carin L. Fike sold 3,010 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $55.57, for a total transaction of $167,265.70. Following the completion of the transaction, the vice president now directly owns 47,593 shares in the company, valued at approximately $2,644,743.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Kroger news, VP Brian W. Nichols sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $54.53, for a total transaction of $109,060.00. Following the sale, the vice president now owns 18,063 shares in the company, valued at $984,975.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Carin L. Fike sold 3,010 shares of Kroger stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $55.57, for a total value of $167,265.70. Following the completion of the transaction, the vice president now owns 47,593 shares of the company’s stock, valued at approximately $2,644,743.01. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
Analyst Ratings Changes
View Our Latest Stock Report on Kroger
Kroger Price Performance
KR opened at $54.62 on Thursday. The Kroger Co. has a 52-week low of $42.10 and a 52-week high of $58.34. The company has a 50 day moving average of $53.56 and a two-hundred day moving average of $53.79. The company has a market cap of $39.42 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.80 and a beta of 0.47. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.
Kroger (NYSE:KR – Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $33.91 billion during the quarter, compared to analysts’ expectations of $34.09 billion. Kroger had a net margin of 1.43% and a return on equity of 29.89%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. On average, analysts expect that The Kroger Co. will post 4.45 earnings per share for the current year.
Kroger Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Thursday, August 15th. This is a positive change from Kroger’s previous quarterly dividend of $0.29. Kroger’s dividend payout ratio (DPR) is 43.69%.
About Kroger
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.
Featured Stories
- Five stocks we like better than Kroger
- What to Know About Investing in Penny Stocks
- 3 Beaten-Down Stocks Ready for a Comeback
- Best Stocks Under $10.00
- 3 Stocks to Neutralize Market Volatility and Build Wealth
- What Are Dividend Champions? How to Invest in the Champions
- How Much Can You Make in Stocks in One Month?
Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kroger Co. (NYSE:KR – Free Report).
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.