D.A. Davidson & CO. Sells 2,421 Shares of The Kroger Co. (NYSE:KR)

D.A. Davidson & CO. lessened its holdings in shares of The Kroger Co. (NYSE:KRFree Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,046 shares of the company’s stock after selling 2,421 shares during the quarter. D.A. Davidson & CO.’s holdings in Kroger were worth $2,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KR. SouthState Corp raised its stake in shares of Kroger by 334.3% during the fourth quarter. SouthState Corp now owns 595 shares of the company’s stock worth $27,000 after acquiring an additional 458 shares in the last quarter. VisionPoint Advisory Group LLC raised its stake in shares of Kroger by 370.1% during the third quarter. VisionPoint Advisory Group LLC now owns 630 shares of the company’s stock worth $28,000 after acquiring an additional 496 shares in the last quarter. ORG Partners LLC raised its stake in shares of Kroger by 613.0% during the fourth quarter. ORG Partners LLC now owns 820 shares of the company’s stock worth $38,000 after acquiring an additional 705 shares in the last quarter. First Command Advisory Services Inc. bought a new position in shares of Kroger in the third quarter worth approximately $40,000. Finally, Field & Main Bank bought a new position in shares of Kroger in the fourth quarter worth approximately $45,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Todd A. Foley sold 6,616 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $55.69, for a total value of $368,445.04. Following the completion of the sale, the chief financial officer now directly owns 46,958 shares of the company’s stock, valued at $2,615,091.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Carin L. Fike sold 3,929 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total transaction of $224,070.87. Following the completion of the sale, the vice president now owns 3,768 shares in the company, valued at approximately $214,889.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Todd A. Foley sold 6,616 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $55.69, for a total value of $368,445.04. Following the sale, the chief financial officer now owns 46,958 shares of the company’s stock, valued at approximately $2,615,091.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,796 shares of company stock worth $3,118,767. 1.40% of the stock is currently owned by corporate insiders.

Kroger Stock Performance

Shares of KR stock traded down $0.32 during midday trading on Friday, hitting $52.99. The company had a trading volume of 6,276,910 shares, compared to its average volume of 4,995,606. The company’s 50 day simple moving average is $55.69 and its 200 day simple moving average is $49.64. The Kroger Co. has a 52-week low of $42.10 and a 52-week high of $58.34. The stock has a market cap of $38.24 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.01 and a beta of 0.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.36.

Kroger (NYSE:KRGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.21. The firm had revenue of $37.06 billion during the quarter, compared to analysts’ expectations of $37.07 billion. Kroger had a return on equity of 31.44% and a net margin of 1.44%. Kroger’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. Research analysts anticipate that The Kroger Co. will post 4.43 earnings per share for the current fiscal year.

Kroger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Tuesday, May 14th. Kroger’s dividend payout ratio is presently 39.19%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Guggenheim lifted their price target on shares of Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. StockNews.com upgraded shares of Kroger from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 16th. Evercore ISI cut their price target on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Telsey Advisory Group restated an “outperform” rating and set a $62.00 target price on shares of Kroger in a report on Tuesday, April 23rd. Finally, BNP Paribas restated an “underperform” rating and set a $48.00 target price on shares of Kroger in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.17.

Get Our Latest Research Report on KR

Kroger Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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