Wedge Capital Management L L P NC Has $33.24 Million Holdings in The Kroger Co. (NYSE:KR)

Wedge Capital Management L L P NC cut its holdings in The Kroger Co. (NYSE:KRGet Rating) by 23.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 579,456 shares of the company’s stock after selling 177,370 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.08% of Kroger worth $33,243,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC boosted its stake in Kroger by 17.8% in the first quarter. Fieldpoint Private Securities LLC now owns 1,126 shares of the company’s stock valued at $65,000 after buying an additional 170 shares in the last quarter. City Holding Co. raised its position in Kroger by 19.7% in the fourth quarter. City Holding Co. now owns 1,215 shares of the company’s stock valued at $57,000 after purchasing an additional 200 shares during the last quarter. Diversified Trust Co raised its position in Kroger by 2.9% in the first quarter. Diversified Trust Co now owns 7,151 shares of the company’s stock valued at $410,000 after purchasing an additional 200 shares during the last quarter. Evergreen Capital Management LLC raised its position in Kroger by 3.8% in the fourth quarter. Evergreen Capital Management LLC now owns 6,120 shares of the company’s stock valued at $277,000 after purchasing an additional 223 shares during the last quarter. Finally, blooom inc. raised its position in Kroger by 2.1% in the fourth quarter. blooom inc. now owns 12,105 shares of the company’s stock valued at $546,000 after purchasing an additional 249 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Timothy A. Massa sold 50,283 shares of the business’s stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $58.03, for a total transaction of $2,917,922.49. Following the sale, the senior vice president now directly owns 163,956 shares in the company, valued at approximately $9,514,366.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Yael Cosset sold 34,812 shares of the business’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $59.50, for a total value of $2,071,314.00. Following the sale, the senior vice president now owns 162,207 shares in the company, valued at $9,651,316.50. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Shares of NYSE:KR opened at $47.34 on Thursday. The stock has a market cap of $34.13 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.09 and a beta of 0.49. The company has a quick ratio of 0.30, a current ratio of 0.76 and a debt-to-equity ratio of 1.39. The Kroger Co. has a 12-month low of $37.26 and a 12-month high of $62.78. The business’s 50 day moving average is $52.85 and its 200 day moving average is $50.65.

Kroger (NYSE:KRGet Rating) last issued its quarterly earnings results on Thursday, June 16th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.18. Kroger had a return on equity of 31.50% and a net margin of 1.54%. During the same quarter last year, the company earned $1.19 EPS. As a group, equities research analysts expect that The Kroger Co. will post 3.9 earnings per share for the current year.

Several equities analysts have commented on the company. Morgan Stanley increased their target price on Kroger from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Friday, June 17th. Scotiabank raised their price objective on Kroger from $60.00 to $64.00 in a research report on Thursday, March 10th. Guggenheim restated a “buy” rating and set a $57.00 price objective on shares of Kroger in a research report on Friday, June 17th. Bank of America upgraded Kroger from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $61.00 to $75.00 in a research report on Friday, April 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Kroger from $50.00 to $53.00 in a research report on Friday, June 17th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.22.

About Kroger (Get Rating)

The Kroger Co operates as a 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.

Recommended Stories

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:KRGet Rating).

Institutional Ownership by Quarter for Kroger (NYSE:KR)

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.