Zevin Asset Management LLC Makes New $3.40 Million Investment in Kroger Co (NYSE:KR)

Zevin Asset Management LLC bought a new stake in shares of Kroger Co (NYSE:KR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 131,914 shares of the company’s stock, valued at approximately $3,401,000.

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Other large investors also recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI raised its stake in Kroger by 21.6% during the third quarter. Citizens Financial Group Inc RI now owns 2,323 shares of the company’s stock worth $60,000 after acquiring an additional 413 shares in the last quarter. Delta Asset Management LLC TN lifted its holdings in shares of Kroger by 35.8% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,630 shares of the company’s stock valued at $42,000 after purchasing an additional 430 shares in the last quarter. Cedar Wealth Management LLC lifted its holdings in shares of Kroger by 2.0% during the 3rd quarter. Cedar Wealth Management LLC now owns 23,645 shares of the company’s stock valued at $610,000 after purchasing an additional 455 shares in the last quarter. Simmons Bank lifted its holdings in shares of Kroger by 1.7% during the 2nd quarter. Simmons Bank now owns 29,368 shares of the company’s stock valued at $638,000 after purchasing an additional 482 shares in the last quarter. Finally, Covington Capital Management lifted its holdings in shares of Kroger by 10.4% during the 2nd quarter. Covington Capital Management now owns 5,520 shares of the company’s stock valued at $120,000 after purchasing an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 80.59% of the company’s stock.

In other Kroger news, VP Carin L. Fike sold 4,652 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $26.00, for a total value of $120,952.00. Following the completion of the transaction, the vice president now owns 33,796 shares of the company’s stock, valued at approximately $878,696. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Michael Joseph Donnelly sold 1,574 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $26.46, for a total value of $41,648.04. Following the completion of the transaction, the chief operating officer now directly owns 324,209 shares of the company’s stock, valued at approximately $8,578,570.14. The disclosure for this sale can be found here. Insiders sold a total of 134,323 shares of company stock valued at $3,537,389 over the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

Shares of NYSE:KR traded down $0.16 during trading on Friday, hitting $26.75. 4,700,171 shares of the company were exchanged, compared to its average volume of 8,257,613. The company has a current ratio of 0.76, a quick ratio of 0.27 and a debt-to-equity ratio of 2.15. The stock has a market cap of $21.57 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.93 and a beta of 0.56. Kroger Co has a fifty-two week low of $20.70 and a fifty-two week high of $30.75. The firm has a fifty day moving average price of $25.26 and a two-hundred day moving average price of $23.94.

Kroger (NYSE:KR) last posted its earnings results on Thursday, September 12th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $28.17 billion for the quarter, compared to analyst estimates of $28.34 billion. Kroger had a return on equity of 21.17% and a net margin of 1.36%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. As a group, research analysts predict that Kroger Co will post 2.19 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be paid a $0.16 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.64 annualized dividend and a yield of 2.39%. Kroger’s dividend payout ratio (DPR) is presently 30.33%.

Several equities analysts have recently weighed in on KR shares. Guggenheim set a $26.00 price objective on Kroger and gave the company a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley set a $26.00 price objective on Kroger and gave the company a “hold” rating in a report on Friday, September 13th. ValuEngine upgraded Kroger from a “sell” rating to a “hold” rating in a report on Thursday. Oppenheimer cut their price objective on Kroger from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, October 28th. Finally, Jefferies Financial Group cut Kroger from a “buy” rating to a “hold” rating and cut their price objective for the company from $29.00 to $26.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.35.

Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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