Norinchukin Bank The Increases Position in Kroger Co (NYSE:KR)
Norinchukin Bank The lifted its holdings in Kroger Co (NYSE:KR) by 49.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,579 shares of the company’s stock after acquiring an additional 32,788 shares during the quarter. Norinchukin Bank The’s holdings in Kroger were worth $2,733,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in Kroger by 297.2% during the fourth quarter. Advisory Services Network LLC now owns 3,773 shares of the company’s stock valued at $104,000 after buying an additional 2,823 shares during the period. Bessemer Group Inc. grew its position in Kroger by 97.2% during the fourth quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock valued at $136,000 after buying an additional 2,455 shares during the period. Gradient Investments LLC acquired a new stake in Kroger during the fourth quarter valued at $152,000. SeaCrest Wealth Management LLC acquired a new stake in Kroger during the fourth quarter valued at $162,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in Kroger by 41.0% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,121 shares of the company’s stock valued at $168,000 after purchasing an additional 1,780 shares in the last quarter. Institutional investors own 75.78% of the company’s stock.
In other Kroger news, VP Michael Joseph Donnelly sold 40,000 shares of Kroger stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.64, for a total transaction of $1,225,600.00. Following the transaction, the vice president now directly owns 319,124 shares of the company’s stock, valued at $9,777,959.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd A. Foley sold 3,800 shares of Kroger stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $24.43, for a total transaction of $92,834.00. Following the transaction, the vice president now directly owns 31,273 shares in the company, valued at $763,999.39. The disclosure for this sale can be found here. Insiders have sold 110,130 shares of company stock worth $3,187,062 over the last ninety days. 0.85% of the stock is owned by insiders.
Kroger Co (KR) opened at $23.63 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.78 and a quick ratio of 0.32. The firm has a market cap of $20,830.00, a PE ratio of 14.07, a PEG ratio of 1.98 and a beta of 1.04. Kroger Co has a 52 week low of $19.69 and a 52 week high of $31.45.
Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, March 8th. The company reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. Kroger had a net margin of 1.55% and a return on equity of 29.27%. The firm had revenue of $31.03 billion for the quarter, compared to the consensus estimate of $30.81 billion. During the same period last year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. research analysts anticipate that Kroger Co will post 2.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.12%. Kroger’s dividend payout ratio (DPR) is presently 29.76%.
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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