The Kroger Co. (NYSE:KR) Shares Bought by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda grew its holdings in shares of The Kroger Co. (NYSE:KR) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,882 shares of the company’s stock after purchasing an additional 1,294 shares during the period. Kapitalo Investimentos Ltda’s holdings in Kroger were worth $680,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KR. Creekmur Asset Management LLC acquired a new position in Kroger during the 4th quarter worth approximately $26,000. SouthState Corp grew its holdings in shares of Kroger by 334.3% in the 4th quarter. SouthState Corp now owns 595 shares of the company’s stock worth $27,000 after acquiring an additional 458 shares during the period. VisionPoint Advisory Group LLC grew its holdings in shares of Kroger by 370.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 630 shares of the company’s stock worth $28,000 after acquiring an additional 496 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of Kroger in the 4th quarter worth approximately $28,000. Finally, ORG Partners LLC grew its holdings in shares of Kroger by 613.0% in the 4th quarter. ORG Partners LLC now owns 820 shares of the company’s stock worth $38,000 after acquiring an additional 705 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore ISI lowered their price target on Kroger from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Telsey Advisory Group reissued an “outperform” rating and set a $62.00 price target on shares of Kroger in a research note on Monday. Wells Fargo & Company raised Kroger from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $58.00 to $65.00 in a research note on Tuesday, April 16th. Guggenheim increased their price target on Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, BNP Paribas reissued an “underperform” rating and set a $48.00 price target on shares of Kroger in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Kroger has a consensus rating of “Moderate Buy” and an average price target of $55.18.

Kroger Stock Up 1.8 %

NYSE:KR traded up $0.94 during mid-day trading on Tuesday, reaching $51.99. The stock had a trading volume of 2,270,862 shares, compared to its average volume of 4,934,225. The company has a market capitalization of $37.52 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.90 and a beta of 0.43. The Kroger Co. has a 1-year low of $42.10 and a 1-year high of $58.34. The stock’s 50 day simple moving average is $54.03 and its two-hundred day simple moving average is $50.61. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.36.

Insiders Place Their Bets

In other Kroger news, SVP Valerie L. Jabbar sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total value of $832,800.00. Following the transaction, the senior vice president now owns 77,696 shares of the company’s stock, valued at $4,313,681.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kroger news, SVP Valerie L. Jabbar sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total value of $832,800.00. Following the transaction, the senior vice president now owns 77,696 shares of the company’s stock, valued at $4,313,681.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd A. Foley sold 6,616 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $55.69, for a total transaction of $368,445.04. Following the completion of the transaction, the chief financial officer now directly owns 46,958 shares in the company, valued at approximately $2,615,091.02. The disclosure for this sale can be found here. Insiders have sold 55,796 shares of company stock valued at $3,118,767 over the last quarter. Insiders own 1.40% of the company’s stock.

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.