Sanders Capital LLC recently announced the acquisition of new stake in Kroger Co. (NYSE:KR). The institutional investor has increased its shareholding in the Consumer Defensive company by 2.25% to 22.66 million shares with purchase of 0.5 million shares. This fresh investment now brings its stake to 3.15% valued currently at $1.0 billion. In addition, Harris Associates LP raised its holdings by 7.26 million to 17.18 million shares. And Geode Capital Management LLC has lifted its position by 3.00% or 0.42 million shares – to 14.32 million shares.
Currently, there are 716.00M common shares owned by the public and among those 713.96M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 121 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 60 of these insider trades were purchases, accounting for 1,160,137 shares. Insider sales of the common stock occurred on 61 occasions, with total insider shares sold totaling 746,509 shares.
The top 3 mutual fund holders in Kroger Co. are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund. Vanguard Total Stock Market ETF owns 20.23 million shares of the company’s stock, all valued at over $895.45 million. The company bought an additional 0.11 million shares recently to bring their total holdings to about 2.81% of the shares outstanding. Vanguard 500 Index Fund bought 81155.0 shares to see its total holdings expand to 14.95 million shares valued at over $661.88 million and representing 2.08% of the shares outstanding. Vanguard Mid Cap Index Fund bought 34502.0 shares to bring its total holdings to over 14.67 million shares at a value of $649.29 million. Vanguard Mid Cap Index Fund now owns shares totaling to 2.04% of the shares outstanding.
However, the script later moved the day high at 45.55, up 3.22%. The company’s stock has a 5-day price change of 0.98% and -1.22% over the past three months. KR shares are trading 2.13% year to date (YTD), with the 12-month market performance up to 4.69% higher. It has a 12-month low price of $42.10 and touched a high of $50.36 over the same period. KR has an average intraday trading volume of 4.69 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.27%, 2.85%, and -2.25% respectively.
Institutional ownership of Kroger Co. (NYSE: KR) shares accounts for 82.68% of the company’s 716.00M shares outstanding. Mutual fund holders own 41.29%, while other institutional holders and individual stakeholders account for 42.15% and 2.50% respectively.
It has a market capitalization of $32.76B and a beta (3y monthly) value of 0.44. The stock’s trailing 12-month PE ratio is 17.71, while the earnings-per-share (ttm) stands at $2.57. The company has a PEG of 2.21 and a Quick Ratio of 0.33 with the debt-to-equity ratio at 1.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.44% over the week and 1.89% over the month.
Earnings per share for the fiscal year are expected to increase by 7.14%, and -5.65% over the next financial year. EPS should grow at an annualized rate of 8.00% over the next five years, compared to 7.92% over the past 5-year period.
Looking at the support for the KR, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on September 22, 2023, with the firm’s price target at $52.
