OneDigital Investment Advisors LLC Has $1.48 Million Holdings in The Kroger Co. (NYSE:KR)

OneDigital Investment Advisors LLC raised its stake in The Kroger Co. (NYSE:KR) by 141.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,797 shares of the company’s stock after buying an additional 15,130 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Kroger were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Kroger by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 13,591,402 shares of the company’s stock valued at $678,562,000 after purchasing an additional 723,771 shares during the period. Legal & General Group Plc grew its holdings in shares of Kroger by 13.4% in the 2nd quarter. Legal & General Group Plc now owns 7,759,992 shares of the company’s stock valued at $387,456,000 after buying an additional 917,923 shares during the period. Point72 Asset Management L.P. increased its position in shares of Kroger by 96.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,381,311 shares of the company’s stock valued at $268,689,000 after buying an additional 2,643,811 shares in the last quarter. AQR Capital Management LLC raised its stake in Kroger by 8.4% during the 2nd quarter. AQR Capital Management LLC now owns 5,279,429 shares of the company’s stock worth $261,543,000 after buying an additional 407,690 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Kroger by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 4,610,646 shares of the company’s stock worth $230,210,000 after acquiring an additional 11,541 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Kroger

In related news, SVP Valerie L. Jabbar sold 3,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $55.91, for a total value of $167,730.00. Following the transaction, the senior vice president now owns 74,084 shares in the company, valued at approximately $4,142,036.44. This trade represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Carin L. Fike sold 3,010 shares of the business’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 completion of the transaction, the vice president now owns 47,593 shares of the company’s stock, valued at $2,644,743.01. The trade was a 5.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,932 shares of company stock worth $721,243. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KR. Morgan Stanley increased their price target on Kroger from $57.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Telsey Advisory Group restated an “outperform” rating and set a $62.00 target price on shares of Kroger in a report on Wednesday, October 9th. Argus upped their price target on shares of Kroger from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 22nd. BNP Paribas initiated coverage on shares of Kroger in a report on Friday, October 18th. They set a “neutral” rating and a $56.00 price objective on the stock. Finally, Melius Research initiated coverage on Kroger in a report on Monday, September 23rd. They set a “hold” rating and a $55.00 target price for the company. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.09.

Kroger Trading Down 1.8 %

Shares of Kroger stock opened at $58.02 on Monday. The stock has a market cap of $41.98 billion, a P/E ratio of 15.19, a P/E/G ratio of 0.90 and a beta of 0.48. 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 12-month low of $42.10 and a 12-month high of $60.35. The business’s 50 day moving average is $56.39 and its 200-day moving average is $54.11.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $33.91 billion during the quarter, compared to analysts’ expectations of $34.09 billion. Kroger had a net margin of 1.86% and a return on equity of 28.54%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. Equities research analysts predict that The Kroger Co. will post 4.46 earnings per share for the current fiscal year.

Kroger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.21%. Kroger’s dividend payout ratio (DPR) is 33.51%.

Kroger 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.