The Kroger Co. (NYSE:KR) Shares Sold by Fiduciary Family Office LLC

Fiduciary Family Office LLC lowered its position in The Kroger Co. (NYSE:KR) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,255 shares of the company’s stock after selling 354 shares during the quarter. Kroger accounts for approximately 0.7% of Fiduciary Family Office LLC’s holdings, making the stock its 25th biggest holding. Fiduciary Family Office LLC’s holdings in Kroger were worth $2,077,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in shares of Kroger in the second quarter valued at $28,000. Northwest Investment Counselors LLC acquired a new position in Kroger in the 3rd quarter valued at about $34,000. Harbor Capital Advisors Inc. acquired a new position in Kroger in the 3rd quarter valued at about $40,000. Newbridge Financial Services Group Inc. raised its stake in Kroger by 218.8% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 714 shares of the company’s stock valued at $36,000 after purchasing an additional 490 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new position in Kroger in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, SVP Valerie L. Jabbar sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $55.91, for a total transaction of $167,730.00. Following the transaction, the senior vice president now directly owns 74,084 shares of the company’s stock, valued at approximately $4,142,036.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kroger news, VP Carin L. Fike sold 3,010 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $55.57, for a total transaction of $167,265.70. Following the sale, the vice president now owns 47,593 shares in the company, valued at $2,644,743.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Valerie L. Jabbar sold 3,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $55.91, for a total value of $167,730.00. Following the sale, the senior vice president now owns 74,084 shares in the company, valued at approximately $4,142,036.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,932 shares of company stock valued at $721,243 in the last ninety days. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on KR shares. BNP Paribas started coverage on shares of Kroger in a research note on Friday, October 18th. They set a “neutral” rating and a $56.00 price objective for the company. Argus upped their price target on Kroger from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. increased their target price on Kroger from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Evercore ISI raised their price objective on Kroger from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Finally, Melius Research began coverage on Kroger in a research note on Monday, September 23rd. They set a “hold” rating and a $55.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.09.

Kroger Stock Up 1.5 %

Shares of NYSE:KR traded up $0.86 during mid-day trading on Tuesday, reaching $57.13. 326,982 shares of the stock were exchanged, compared to its average volume of 4,717,083. The company has a quick ratio of 0.46, a current ratio of 0.87 and a debt-to-equity ratio of 0.96. The company has a market cap of $41.33 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.88 and a beta of 0.48. The Kroger Co. has a one year low of $42.10 and a one year high of $58.34. The stock’s 50 day simple moving average is $55.30 and its 200-day simple moving average is $53.89.

Kroger (NYSE:KR) last issued its earnings results on Thursday, September 12th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $33.91 billion during the quarter, compared to the consensus estimate of $34.09 billion. Kroger had a return on equity of 28.54% and a net margin of 1.86%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. As a group, equities research analysts predict that The Kroger Co. will post 4.46 EPS for the current year.

Kroger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, November 15th. Kroger’s dividend payout ratio is 33.51%.

Kroger Company Profile

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.