The Kroger Co. (NYSE:KR) Shares Sold by USS Investment Management Ltd
by Doug Wharley · The Cerbat GemUSS Investment Management Ltd lessened its position in shares of The Kroger Co. (NYSE:KR – Free Report) by 21.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,741 shares of the company’s stock after selling 38,784 shares during the quarter. USS Investment Management Ltd’s holdings in Kroger were worth $8,610,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of KR. Millstone Evans Group LLC acquired a new stake in Kroger during the 4th quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new position in shares of Kroger during the fourth quarter worth $26,000. TCTC Holdings LLC acquired a new position in Kroger during the fourth quarter valued at $27,000. Transce3nd LLC purchased a new stake in Kroger in the fourth quarter valued at $28,000. Finally, Centricity Wealth Management LLC acquired a new stake in Kroger during the 4th quarter worth about $32,000. 80.93% of the stock is owned by institutional investors and hedge funds.
Kroger Stock Performance
NYSE:KR opened at $68.92 on Thursday. 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 cap of $45.55 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 2.85 and a beta of 0.62. The firm’s fifty day moving average price is $68.77 and its 200 day moving average price is $64.05. The Kroger Co. has a 1-year low of $49.04 and a 1-year high of $73.63.
Kroger (NYSE:KR – Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Kroger had a return on equity of 27.73% and a net margin of 1.85%. The business had revenue of $34.31 billion during the quarter, compared to the consensus estimate of $34.96 billion. On average, sell-side analysts expect that The Kroger Co. will post 4.44 EPS for the current year.
Kroger Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.28 annualized dividend and a yield of 1.86%. Kroger’s dividend payout ratio is presently 34.88%.
Analyst Upgrades and Downgrades
Several research firms have commented on KR. Telsey Advisory Group restated an “outperform” rating and issued a $73.00 price objective on shares of Kroger in a research report on Monday, March 3rd. Roth Capital set a $58.00 target price on shares of Kroger in a research note on Thursday, March 6th. Melius upgraded shares of Kroger from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a research report on Tuesday. Guggenheim upped their price objective on shares of Kroger from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, April 3rd. Finally, Melius Research upgraded Kroger from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kroger has an average rating of “Moderate Buy” and a consensus price target of $68.06.
View Our Latest Stock Analysis on KR
Insiders Place Their Bets
In related news, VP Brian W. Nichols sold 1,000 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $72.03, for a total value of $72,030.00. Following the completion of the transaction, the vice president now owns 10,473 shares of the company’s stock, valued at approximately $754,370.19. The trade was a 8.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christine S. Wheatley sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $72.07, for a total transaction of $2,162,100.00. Following the completion of the transaction, the executive vice president now directly owns 97,737 shares of the company’s stock, valued at approximately $7,043,905.59. This represents a 23.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 334,923 shares of company stock worth $22,867,124. 1.40% of the stock is owned by corporate insiders.
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.
See Also
- Five stocks we like better than Kroger
- How to Invest in Biotech Stocks
- $30B AI Opportunity: Will It Power Meta’s Next Surge?
- 10 Best Airline Stocks to Buy
- Microsoft Could Rally as EU Antitrust Case Nears Resolution
- What is the Dow Jones Industrial Average (DJIA)?
- Intel Refocuses: NEX Sale and Foundry Pivot Signal New Era
Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kroger Co. (NYSE:KR – Free Report).