The Kroger Co. (NYSE:KR) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its stake in shares of The Kroger Co. (NYSE:KR) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 170,102 shares of the company’s stock after purchasing an additional 5,929 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Kroger were worth $9,747,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mendel Capital Management LLC increased its holdings in shares of Kroger by 0.6% in the 3rd quarter. Mendel Capital Management LLC now owns 31,559 shares of the company’s stock valued at $1,808,000 after acquiring an additional 181 shares during the period. Jaffetilchin Investment Partners LLC increased its holdings in shares of Kroger by 1.1% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 16,551 shares of the company’s stock valued at $826,000 after acquiring an additional 187 shares during the period. Global Financial Private Client LLC increased its holdings in shares of Kroger by 1.2% in the 1st quarter. Global Financial Private Client LLC now owns 17,112 shares of the company’s stock valued at $975,000 after acquiring an additional 196 shares during the period. SignalPoint Asset Management LLC increased its holdings in shares of Kroger by 3.2% in the 3rd quarter. SignalPoint Asset Management LLC now owns 6,500 shares of the company’s stock valued at $367,000 after acquiring an additional 200 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in shares of Kroger by 1.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 11,726 shares of the company’s stock valued at $672,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KR shares. JPMorgan Chase & Co. lifted their price objective on shares of Kroger from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Melius Research started coverage on shares of Kroger in a research report on Monday, September 23rd. They issued a “hold” rating and a $55.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Kroger from $57.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. BNP Paribas started coverage on shares of Kroger in a research report on Friday, October 18th. They issued a “neutral” rating and a $56.00 price objective on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $62.00 price objective on shares of Kroger in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.09.

Kroger Price Performance

Shares of NYSE KR opened at $59.22 on Friday. The firm has a market capitalization of $42.85 billion, a P/E ratio of 15.50, a PEG ratio of 0.91 and a beta of 0.48. The Kroger Co. has a one year low of $42.97 and a one year high of $60.35. The company’s fifty day moving average is $56.89 and its two-hundred day moving average is $54.23. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.87.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, September 12th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. Kroger had a net margin of 1.86% and a return on equity of 28.54%. The business had revenue of $33.91 billion for the quarter, compared to analyst estimates of $34.09 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts forecast that The Kroger Co. will post 4.46 EPS for the current fiscal year.

Kroger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a $0.32 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.16%. Kroger’s dividend payout ratio is presently 33.51%.

Insider Buying and Selling

In related news, VP Brian W. Nichols sold 6,922 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $55.80, for a total value of $386,247.60. Following the completion of the transaction, the vice president now owns 14,063 shares of the company’s stock, valued at approximately $784,715.40. The trade was a 32.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Carin L. Fike sold 3,010 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $55.57, for a total transaction of $167,265.70. Following the transaction, the vice president now directly owns 47,593 shares of the company’s stock, valued at approximately $2,644,743.01. This represents a 5.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,932 shares of company stock worth $721,243 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Kroger 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.