) by 98.8% in the first quarter, according the latest disclosure of the company to the Securities & Exchange Commission. The fund held 40,759 of the company's shares after selling 3,326,881 during the quarter. Pacer Advisors Inc. held Kroger stock worth $2,012,000 as of the latest reporting period.
Hedge funds and other institutional investors have also purchased and sold shares. Accurate Wealth Management LLC purchased a new share of Kroger valued at $27,000 in the fourth quarter. Farmers & Merchants Investments Inc. purchased a new Kroger stake during the fourth-quarter valued at $29,000. Retirement Financial Solutions LLC purchased a new Kroger stake during the fourth quarter, valued at approximately $30,000. Carmel Capital Partners LLC purchased a new position of shares in Kroger during the first quarter, valued at about $30,000. RFP Financial Group LLC also acquired shares of Kroger during the fourth quarter, valued at approximately $31,000. In a deal dated March 14th, the company sold 3,885 of its shares. The shares were purchased at an average of $46,95 for a value of $182 400 75. After the completion of this sale, the vice-president now owns directly 28,456 shares, worth approximately $1,336,009.20. Todd A. Foley, VP of Kroger, sold 3,885 stock shares in the company on Tuesday, 14th March. The stock was purchased at an average of $46,95 for a value of $182 400 75. The vice president owns now 28,456 shares worth $1,336,009.20. On Friday, April 21, the company sold 23,000 shares. The shares were sold for an average price $47.95 and had a total worth of $1,102.850.00. The senior vice president owns directly 194,956 of the company's shares, worth $9,348,140.20. Insiders sold 136 091 shares of the company's stock worth $6 584 518 over the past three months. Insiders own 1.38%.
Wall Street analysts weigh in
KR was the subject of several research analyst reports. In a report published on Friday, 3rd March, Deutsche Bank Aktiengesellschaft raised their target price for Kroger from $50.00 to $53.00. They also gave the stock an 'hold rating'. JPMorgan Chase & Co. raised their target price on Kroger shares from $50.00 up to $54.00 and upgraded the stock from a neutral' to an overweight' in a report published by them on Friday, 3rd March. Stephens reduced their price target for shares of Kroger in a research report on Monday, march 6th from $57.00 down to $52.00. They also set an equal weight rating for the company. Northcoast Research upgraded shares of Kroger to a "buy" rating in a report published on Monday, 20th March. The stock was also given a price target of $60.00. Roth Capital also reaffirmed its 'neutral rating' on Kroger shares in a report published on March 3rd. Eight analysts have given the stock a hold, one a sell, and eight others have given it a buy. One analyst has also assigned the stock a strong-buy rating. MarketBeat data shows that the company has a current consensus rating of "Moderate Buy" and a target price of $52.31.
Kroger Stock Up 0.5 %
Trading on Monday saw a $0.21 increase, bringing the price to $46.38. The company exchanged 4,099 795 shares, as opposed to the average of 5,321,604. The company's market capitalization is $33.28 billion. It has a P/E of 15.11, PEG of 1.70, and beta of 0.47. The 50-day moving average of the business is $47.99, and its 200-day moving average is $46.61. The Kroger Co.'s 52-week low is $41.81 while its 52-week high is $52.00. The company's current ratio is 0.74. Its quick ratio is 0.30. And its debt-to equity ratio is 1.21.
The Kroger Co operates supermarkets and department stores. The company's brands include Big K and Check This Out? Heritage Farm, Simple Truth Organic, Simple Truth and Simple Truth Organic. Barney Kroger founded the company in 1883. Its headquarters are in Cincinnati, OH.
MarketBeat.com offers a FREE daily email newsletter