Stock Yards Bank & Trust Co. Purchases 37,547 Shares of Kroger Co. (KR)
Stock Yards Bank & Trust Co. boosted its stake in shares of Kroger Co. (NYSE:KR) by 12.9% during the third quarter, Holdings Channel reports. The fund owned 329,676 shares of the company’s stock after buying an additional 37,547 shares during the period. Kroger comprises about 1.3% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 28th largest position. Stock Yards Bank & Trust Co.’s holdings in Kroger were worth $9,785,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in shares of Kroger during the second quarter worth approximately $235,225,000. Capital Research Global Investors boosted its stake in shares of Kroger by 9.7% in the second quarter. Capital Research Global Investors now owns 64,888,884 shares of the company’s stock worth $2,387,262,000 after buying an additional 5,748,043 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Kroger by 365.3% in the second quarter. Nordea Investment Management AB now owns 6,121,963 shares of the company’s stock worth $225,227,000 after buying an additional 4,806,246 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Kroger by 14.8% in the second quarter. Janus Capital Management LLC now owns 35,280,006 shares of the company’s stock worth $1,297,932,000 after buying an additional 4,550,220 shares in the last quarter. Finally, WestEnd Advisors LLC bought a new stake in shares of Kroger during the second quarter worth approximately $95,812,000. 75.51% of the stock is currently owned by institutional investors and hedge funds.
Kroger Co. (NYSE:KR) traded down 1.37% during mid-day trading on Tuesday, reaching $33.20. 4,453,352 shares of the company were exchanged. The company has a market capitalization of $31.35 billion, a price-to-earnings ratio of 15.74 and a beta of 0.74. Kroger Co. has a 1-year low of $28.71 and a 1-year high of $42.75. The company has a 50 day moving average of $31.92 and a 200-day moving average of $33.33.
Kroger (NYSE:KR) last released its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The company earned $26.60 billion during the quarter. During the same period in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts forecast that Kroger Co. will post $2.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. Kroger’s payout ratio is 22.86%.
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A number of analysts have recently commented on KR shares. Deutsche Bank AG reissued a “buy” rating and issued a $39.00 price target on shares of Kroger in a research report on Wednesday, October 26th. BMO Capital Markets lowered shares of Kroger from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $34.01 to $35.00 in a report on Tuesday, August 2nd. Royal Bank Of Canada decreased their price objective on shares of Kroger from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Wednesday, September 7th. Zacks Investment Research lowered shares of Kroger from a “hold” rating to a “sell” rating in a report on Tuesday, August 30th. Finally, Vetr lowered shares of Kroger from a “strong-buy” rating to a “buy” rating and set a $33.25 price objective for the company. in a report on Tuesday, October 11th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $38.28.
In other news, insider Kevin M. Dougherty sold 31,000 shares of Kroger stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $31.05, for a total value of $962,550.00. Following the sale, the insider now owns 130,857 shares in the company, valued at $4,063,109.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.85% of the stock is currently owned by company insiders.
Kroger Company Profile
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.
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