FNY Investment Advisers LLC Sells 1,110 Shares of The Kroger Co. (NYSE:KR)

FNY Investment Advisers LLC cut its stake in The Kroger Co. (NYSE:KR) by 22.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,890 shares of the company’s stock after selling 1,110 shares during the quarter. FNY Investment Advisers LLC’s holdings in Kroger were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KR. Millstone Evans Group LLC bought a new stake in shares of Kroger in the fourth quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new stake in Kroger in the fourth quarter valued at approximately $26,000. TCTC Holdings LLC purchased a new stake in Kroger in the fourth quarter valued at approximately $27,000. Transce3nd LLC purchased a new stake in Kroger in the fourth quarter valued at approximately $28,000. Finally, Centricity Wealth Management LLC purchased a new stake in Kroger in the fourth quarter valued at approximately $32,000. 80.93% of the stock is currently owned by institutional investors.

Kroger Price Performance

KR stock opened at $65.52 on Monday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.07. The firm has a market capitalization of $43.30 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.85 and a beta of 0.58. The business’s 50-day moving average is $68.87 and its two-hundred day moving average is $65.04. The Kroger Co. has a 1 year low of $49.04 and a 1 year high of $73.63.

Insider Buying and Selling at Kroger

In other news, SVP Valerie L. Jabbar sold 31,271 shares of the firm’s stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $69.08, for a total transaction of $2,160,200.68. Following the sale, the senior vice president now owns 82,684 shares of the company’s stock, valued at approximately $5,711,810.72. This trade represents a 27.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christine S. Wheatley sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $72.07, for a total value of $2,162,100.00. Following the sale, the executive vice president now directly owns 97,737 shares in the company, valued at $7,043,905.59. This trade represents a 23.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,638 shares of company stock valued at $9,632,165 in the last quarter. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

KR has been the topic of several recent research reports. Citigroup upped their price objective on Kroger from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, March 7th. Guggenheim upped their price objective on Kroger from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, April 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $73.00 price objective on shares of Kroger in a research report on Friday. Morgan Stanley upped their target price on Kroger from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Finally, Evercore ISI upped their target price on Kroger from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Kroger presently has an average rating of “Moderate Buy” and a consensus target price of $68.06.

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.