Fiduciary Family Office LLC Sells 354 Shares of The Kroger Co. (NYSE:KR)

Fiduciary Family Office LLC trimmed its holdings in shares of The Kroger Co. (NYSE:KR) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 36,255 shares of the company’s stock after selling 354 shares during the period. Kroger makes up approximately 0.7% of Fiduciary Family Office LLC’s portfolio, making the stock its 25th largest holding. Fiduciary Family Office LLC’s holdings in Kroger were worth $2,077,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new position in shares of Kroger during the 2nd quarter valued at $28,000. Northwest Investment Counselors LLC purchased a new stake in Kroger in the 3rd quarter worth $34,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Kroger by 218.8% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 714 shares of the company’s stock valued at $36,000 after purchasing an additional 490 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Kroger in the 3rd quarter valued at about $40,000. Finally, ORG Partners LLC bought a new position in shares of Kroger in the 2nd quarter valued at about $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Kroger Stock Up 1.5 %

KR traded up $0.86 on Tuesday, reaching $57.13. The company’s stock had a trading volume of 326,982 shares, compared to its average volume of 4,717,083. The stock has a market cap of $41.33 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.88 and a beta of 0.48. The Kroger Co. has a 1 year low of $42.10 and a 1 year high of $58.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.87 and a quick ratio of 0.46. The business’s 50 day moving average is $55.30 and its 200 day moving average is $53.89.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Kroger had a return on equity of 28.54% and a net margin of 1.86%. The business 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 quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that The Kroger Co. will post 4.46 EPS for the current fiscal year.

Kroger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Friday, November 15th. Kroger’s payout ratio is currently 33.51%.

Analysts Set New Price Targets

KR has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Kroger from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Argus boosted their target price on shares of Kroger from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Melius Research initiated coverage on shares of Kroger in a report on Monday, September 23rd. They issued a “hold” rating and a $55.00 price objective for the company. Evercore ISI upped their price objective 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. Finally, Morgan Stanley upped their price target on Kroger from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.09.

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.