Huntington National Bank Has $2.19 Million Stock Position in Kroger Co (NYSE:KR)

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Huntington National Bank lowered its stake in Kroger Co (NYSE:KR) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,665 shares of the company’s stock after selling 7,188 shares during the quarter. Huntington National Bank’s holdings in Kroger were worth $2,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KR. Capital Research Global Investors increased its position in shares of Kroger by 36.6% in the 1st quarter. Capital Research Global Investors now owns 16,466,175 shares of the company’s stock valued at $495,961,000 after buying an additional 4,413,450 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Kroger by 4,005.7% in the 1st quarter. APG Asset Management N.V. now owns 3,275,976 shares of the company’s stock valued at $71,772,000 after buying an additional 3,196,185 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Kroger by 42.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,623,096 shares of the company’s stock valued at $229,609,000 after buying an additional 2,288,325 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Kroger by 90.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,488,825 shares of the company’s stock valued at $151,944,000 after buying an additional 2,137,344 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Kroger by 2.9% in the 1st quarter. BlackRock Inc. now owns 59,699,457 shares of the company’s stock valued at $1,798,146,000 after buying an additional 1,701,261 shares in the last quarter. Institutional investors and hedge funds own 77.77% of the company’s stock.

In related news, SVP Joseph A. Grieshaber, Jr. sold 33,600 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $34.00, for a total value of $1,142,400.00. Also, CEO W Rodney Mcmullen sold 85,381 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $31.97, for a total transaction of $2,729,630.57. Following the completion of the sale, the chief executive officer now owns 3,097,481 shares of the company’s stock, valued at $99,026,467.57. The disclosure for this sale can be found here. Insiders sold a total of 224,059 shares of company stock valued at $7,485,124 over the last quarter. 1.34% of the stock is currently owned by company insiders.

A number of analysts recently commented on KR shares. JPMorgan Chase & Co. upped their price objective on shares of Kroger from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. ValuEngine cut shares of Kroger from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Morgan Stanley upped their price objective on shares of Kroger from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Bank of America increased their target price on Kroger from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, UBS Group increased their target price on Kroger from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.13.

Shares of NYSE KR opened at $34.79 on Friday. The stock has a market capitalization of $27.06 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 2.23 and a beta of 0.38. The business has a 50-day moving average of $33.42 and a 200-day moving average of $31.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.83 and a quick ratio of 0.40. Kroger Co has a fifty-two week low of $20.91 and a fifty-two week high of $36.84.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, June 18th. The company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.10. Kroger had a return on equity of 24.62% and a net margin of 1.66%. The company had revenue of $41.55 billion during the quarter, compared to analysts’ expectations of $40.92 billion. During the same quarter last year, the company earned $0.72 EPS. Kroger’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, sell-side analysts expect that Kroger Co will post 2.84 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.72 dividend. This is an increase from Kroger’s previous quarterly dividend of $0.16. This represents a $2.88 annualized dividend and a yield of 8.28%. The ex-dividend date of this dividend is Thursday, August 13th. Kroger’s dividend payout ratio (DPR) is 29.09%.

Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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