ROI Financial Advisors LLC Has $390,000 Holdings in The Kroger Co. (NYSE:KR)

ROI Financial Advisors LLC reduced its holdings in shares of The Kroger Co. (NYSE:KR) by 2.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,800 shares of the company’s stock after selling 189 shares during the quarter. ROI Financial Advisors LLC’s holdings in Kroger were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Jaffetilchin Investment Partners LLC increased its stake in Kroger by 1.1% in the second quarter. Jaffetilchin Investment Partners LLC now owns 16,551 shares of the company’s stock valued at $826,000 after purchasing an additional 187 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Kroger by 2.8% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,922 shares of the company’s stock worth $395,000 after acquiring an additional 190 shares in the last quarter. Global Financial Private Client LLC grew its stake in Kroger by 1.2% in the first quarter. Global Financial Private Client LLC now owns 17,112 shares of the company’s stock valued at $975,000 after acquiring an additional 196 shares during the period. SignalPoint Asset Management LLC grew its stake in Kroger by 3.2% in the third quarter. SignalPoint Asset Management LLC now owns 6,500 shares of the company’s stock valued at $367,000 after acquiring an additional 200 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in shares of Kroger by 1.9% during the third quarter. Bleakley Financial Group LLC now owns 11,726 shares of the company’s stock valued at $672,000 after acquiring an additional 215 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Valerie L. Jabbar sold 3,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $55.91, for a total transaction of $167,730.00. Following the transaction, the senior vice president now owns 74,084 shares of the company’s stock, valued at approximately $4,142,036.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Carin L. Fike sold 3,010 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $55.57, for a total value of $167,265.70. Following the completion of the transaction, the vice president now directly owns 47,593 shares of the company’s stock, valued at approximately $2,644,743.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Valerie L. Jabbar sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $55.91, for a total value of $167,730.00. Following the sale, the senior vice president now directly owns 74,084 shares in the company, valued at approximately $4,142,036.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,932 shares of company stock valued at $721,243 over the last 90 days. Insiders own 1.40% of the company’s stock.

Kroger Stock Performance

Shares of NYSE KR opened at $59.58 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.87 and a quick ratio of 0.46. The Kroger Co. has a 1 year low of $42.10 and a 1 year high of $60.35. The firm has a fifty day moving average price of $56.04 and a 200-day moving average price of $54.03. The stock has a market cap of $43.11 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.92 and a beta of 0.48.

Kroger (NYSE:KR) last released its quarterly 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 company had revenue of $33.91 billion for the quarter, compared to analyst estimates of $34.09 billion. Kroger had a return on equity of 28.54% and a net margin of 1.86%. Kroger’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 EPS. Equities analysts anticipate that The Kroger Co. will post 4.46 earnings per share for the current fiscal year.

Kroger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.28 annualized dividend and a yield of 2.15%. Kroger’s payout ratio is 33.51%.

Analysts Set New Price Targets

Several research firms have recently commented on KR. Telsey Advisory Group reissued an “outperform” rating and set a $62.00 target price on shares of Kroger in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on Kroger from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Evercore ISI lifted their target price on Kroger from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. BNP Paribas began coverage on shares of Kroger in a research report on Friday, October 18th. They issued a “neutral” rating and a $56.00 price objective on the stock. Finally, Morgan Stanley raised their price target on shares of Kroger from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Four equities research 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 company’s stock. Based on data from MarketBeat, Kroger presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.09.

Kroger Company 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.