Commerzbank Aktiengesellschaft FI boosted its position in shares of The Kroger Co. (NYSE:KR – Free Report) by 28.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 40,015 shares of the company’s stock after purchasing an additional 8,946 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Kroger were worth $2,500,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Kroger by 45.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 855,810 shares of the company’s stock valued at $57,690,000 after buying an additional 267,434 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in Kroger by 401.3% during the third quarter. Mediolanum International Funds Ltd now owns 19,470 shares of the company’s stock valued at $1,293,000 after buying an additional 15,586 shares in the last quarter. Money Concepts Capital Corp raised its holdings in Kroger by 64.7% during the third quarter. Money Concepts Capital Corp now owns 45,267 shares of the company’s stock valued at $3,051,000 after buying an additional 17,777 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Kroger by 7.0% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 684,953 shares of the company’s stock valued at $46,173,000 after buying an additional 44,619 shares in the last quarter. Finally, Longbow Finance SA bought a new position in Kroger during the third quarter valued at about $7,115,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
Kroger Trading Down 1.1%
Kroger stock opened at $66.08 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.42 and a current ratio of 0.80. The business’s 50-day simple moving average is $69.99 and its 200-day simple moving average is $66.65. The firm has a market capitalization of $40.48 billion, a PE ratio of 43.19, a PEG ratio of 1.76 and a beta of 0.46. The Kroger Co. has a 52 week low of $58.60 and a 52 week high of $76.58.
Kroger Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, May 15th. Kroger’s payout ratio is currently 91.50%.
Analyst Ratings Changes
A number of research firms have recently commented on KR. Wells Fargo & Company lowered Kroger from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $70.00 to $68.00 in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kroger in a research note on Friday, March 27th. Barclays reiterated a “positive” rating on shares of Kroger in a research note on Monday, February 9th. Citigroup lifted their price objective on Kroger from $68.00 to $71.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Finally, Roth Mkm reiterated a “buy” rating and issued a $78.00 price objective (up from $75.00) on shares of Kroger in a research note on Friday, March 6th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.56.
Check Out Our Latest Stock Report on KR
More Kroger News
Here are the key news stories impacting Kroger this week:
- Positive Sentiment: Harris Teeter, a Kroger banner, launched a week-long customer appreciation sale with daily deals and 4x fuel points, which could support traffic and sales at the grocery chain. Harris Teeter Offers VIC Card Members Daily Deals, 4x Fuel Points During Week-Long Customer Appreciation Sale May 13-19
- Positive Sentiment: Several articles highlighted the Kroger Queen City Championship and local golfers, keeping the company’s brand visible in a community event that can reinforce customer engagement. Xavier University golfers bring hometown buzz to Kroger Queen City Championship
- Positive Sentiment: The company’s recent share-price softness may be attracting value-focused investors who see potential upside after a multi-month pullback. Is Kroger (KR) Offering Opportunity After Recent Share Price Softness?
Kroger Profile
The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.
In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.
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