APG Asset Management N.V. increased its holdings in shares of Kroger Co (NYSE:KR) by 4,005.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,275,976 shares of the company’s stock after acquiring an additional 3,196,185 shares during the period. APG Asset Management N.V. owned about 0.42% of Kroger worth $71,772,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Archer Investment Corp grew its position in Kroger by 3.4% during the 1st quarter. Archer Investment Corp now owns 9,675 shares of the company’s stock worth $291,000 after acquiring an additional 315 shares during the last quarter. Profund Advisors LLC grew its position in Kroger by 1.4% during the 4th quarter. Profund Advisors LLC now owns 23,824 shares of the company’s stock worth $691,000 after acquiring an additional 337 shares during the last quarter. Horrell Capital Management Inc. grew its position in Kroger by 0.6% during the 1st quarter. Horrell Capital Management Inc. now owns 62,322 shares of the company’s stock worth $1,877,000 after acquiring an additional 342 shares during the last quarter. Lcnb Corp boosted its position in Kroger by 4.2% in the 4th quarter. Lcnb Corp now owns 9,156 shares of the company’s stock valued at $265,000 after buying an additional 371 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in Kroger by 46.3% in the 1st quarter. Lindbrook Capital LLC now owns 1,270 shares of the company’s stock valued at $38,000 after buying an additional 402 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.
KR has been the topic of a number of recent research reports. Telsey Advisory Group upgraded Kroger from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $33.00 to $39.00 in a research report on Wednesday, March 18th. ValuEngine lowered Kroger from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Cfra increased their price objective on Kroger from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Morgan Stanley increased their price objective on Kroger from $29.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 17th. Finally, Wolfe Research initiated coverage on Kroger in a research report on Tuesday, March 31st. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $33.41.
Kroger stock traded up $0.34 during mid-day trading on Thursday, hitting $32.91. 7,183,947 shares of the company’s stock were exchanged, compared to its average volume of 10,559,558. The firm has a market capitalization of $25.90 billion, a P/E ratio of 16.53, a PEG ratio of 2.70 and a beta of 0.37. Kroger Co has a fifty-two week low of $20.70 and a fifty-two week high of $36.84. The company has a quick ratio of 0.27, a current ratio of 0.76 and a debt-to-equity ratio of 2.17. The company’s 50 day simple moving average is $32.59 and its 200-day simple moving average is $30.07.
In related news, Director Bobby S. Shackouls sold 7,800 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $33.76, for a total transaction of $263,328.00. Following the sale, the director now owns 52,445 shares of the company’s stock, valued at approximately $1,770,543.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.36% of the company’s stock.
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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.
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