Secure Asset Management LLC Has $708,000 Holdings in The Kroger Co. (NYSE:KR)

Secure Asset Management LLC cut its stake in The Kroger Co. (NYSE:KR) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,364 shares of the company’s stock after selling 506 shares during the period. Secure Asset Management LLC’s holdings in Kroger were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KR. Lighthouse Investment Partners LLC acquired a new position in shares of Kroger during the 2nd quarter worth about $10,336,000. Buck Wealth Strategies LLC acquired a new position in shares of Kroger during the 2nd quarter worth about $6,524,000. Oppenheimer & Co. Inc. boosted its stake in shares of Kroger by 53.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 9,241 shares of the company’s stock worth $528,000 after buying an additional 3,212 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Kroger by 18.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820,623 shares of the company’s stock worth $46,882,000 after buying an additional 129,873 shares during the last quarter. Finally, OLD National Bancorp IN boosted its stake in shares of Kroger by 82.2% during the 2nd quarter. OLD National Bancorp IN now owns 132,857 shares of the company’s stock worth $6,634,000 after buying an additional 59,949 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Telsey Advisory Group restated an “outperform” rating and set a $62.00 price objective on shares of Kroger in a research note on Wednesday, October 9th. BNP Paribas assumed coverage on shares of Kroger in a research note on Friday. They issued a “neutral” rating and a $56.00 target price for the company. Morgan Stanley raised their target price on shares of Kroger from $57.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Wolfe Research upgraded shares of Kroger to a “strong-buy” rating in a research note on Friday, June 21st. Finally, Evercore ISI raised their target price on shares of Kroger from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.09.

Kroger Stock Down 0.0 %

Kroger stock opened at $56.53 on Friday. The stock has a market cap of $40.80 billion, a P/E ratio of 19.29, a P/E/G ratio of 0.87 and a beta of 0.47. The company has a quick ratio of 0.46, a current ratio of 0.87 and a debt-to-equity ratio of 0.96. The Kroger Co. has a twelve month low of $42.10 and a twelve month high of $58.34. The company’s 50-day moving average price is $54.44 and its two-hundred day moving average price is $53.90.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, September 12th. The company reported $0.93 earnings per share for the quarter, beating 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 firm had revenue of $33.91 billion for the quarter, compared to analysts’ expectations of $34.09 billion. During the same period in the prior year, the firm earned $0.96 EPS. The business’s revenue was up .2% on a year-over-year basis. As a group, analysts expect that The Kroger Co. will post 4.46 EPS for the current year.

Kroger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.26%. Kroger’s dividend payout ratio is presently 43.69%.

Insider Transactions at Kroger

In other news, VP Carin L. Fike sold 3,010 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Valerie L. Jabbar sold 3,000 shares of Kroger stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $55.91, for a total value of $167,730.00. Following the transaction, the senior vice president now directly owns 74,084 shares of the company’s stock, valued at $4,142,036.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Carin L. Fike sold 3,010 shares of Kroger stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $55.57, for a total transaction of $167,265.70. Following the completion of the transaction, the vice president now directly owns 47,593 shares in the company, valued at $2,644,743.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,932 shares of company stock valued at $721,243. 1.40% of the stock is currently owned by company insiders.

About Kroger

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.