Roof Eidam Maycock Peralta LLC Has $1.36 Million Position in The Kroger Co. (NYSE:KR)

Roof Eidam Maycock Peralta LLC raised its stake in shares of The Kroger Co. (NYSE:KR) by 6.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 23,720 shares of the company’s stock after purchasing an additional 1,355 shares during the period. Roof Eidam Maycock Peralta LLC’s holdings in Kroger were worth $1,359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KR. Point72 Asset Management L.P. raised its holdings in shares of Kroger by 96.6% during 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 purchasing an additional 2,643,811 shares in the last quarter. Marshall Wace LLP raised its holdings in Kroger by 698.8% in the 2nd quarter. Marshall Wace LLP now owns 1,878,479 shares of the company’s stock worth $93,792,000 after acquiring an additional 1,643,307 shares during the period. Maj Invest Holding A S raised its holdings in Kroger by 35.1% in the 2nd quarter. Maj Invest Holding A S now owns 4,395,212 shares of the company’s stock worth $219,456,000 after acquiring an additional 1,141,029 shares during the period. Legal & General Group Plc raised its holdings in Kroger by 13.4% in the 2nd quarter. Legal & General Group Plc now owns 7,759,992 shares of the company’s stock worth $387,456,000 after acquiring an additional 917,923 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Kroger by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,591,402 shares of the company’s stock worth $678,562,000 after acquiring an additional 723,771 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Kroger

In other Kroger news, VP Brian W. Nichols sold 6,922 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $55.80, for a total value of $386,247.60. Following the transaction, the vice president now directly owns 14,063 shares in the company, valued at $784,715.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Valerie L. Jabbar sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $55.91, for a total transaction of $167,730.00. Following the transaction, the senior vice president now directly owns 74,084 shares in the company, valued at approximately $4,142,036.44. This 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 is accessible through this link. Also, VP Brian W. Nichols sold 6,922 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $55.80, for a total transaction of $386,247.60. Following the transaction, the vice president now owns 14,063 shares in the company, valued at $784,715.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,932 shares of company stock worth $721,243 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a report on Monday, September 16th. Evercore ISI lifted their target price on shares of Kroger from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Argus lifted their target price on shares of Kroger from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Kroger from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $62.00 price objective on shares of Kroger in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.09.

Kroger Price Performance

Shares of Kroger stock opened at $56.35 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.87. The firm’s 50-day simple moving average is $54.50 and its 200-day simple moving average is $53.84. The Kroger Co. has a twelve month low of $42.10 and a twelve month high of $58.34. The firm has a market cap of $40.67 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 0.87 and a beta of 0.47.

Kroger (NYSE:KR) last issued its 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. The business had revenue of $33.91 billion for the quarter, compared to analyst estimates of $34.09 billion. Kroger had a net margin of 1.86% and a return on equity of 28.54%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. As a group, research analysts expect that The Kroger Co. will post 4.46 EPS for the current fiscal year.

Kroger Dividend Announcement

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 given a $0.32 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.27%. Kroger’s dividend payout ratio (DPR) is presently 43.69%.

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.