Sanders Capital LLC has recently announced that it has increased stake in Kroger Co. (NYSE:KR) by 2.25%. After grabbing 22.66 million shares, the institutional investor is now in possession of 0.5 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 3.15% having worth around $1.04 billion. Moreover, Harris Associates LP increased its share by 7.26 million to have a control over 17.18 million shares. And Geode Capital Management LLC raised its holdings to 0.42 million shares by acquiring 14.32 million shares or 1.99% of the stake.
Kroger Co. (KR) concluded trading on Wednesday at a closing price of $46.10, with 3.98 million shares of worth about $183.27 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.32% during that period and On Wednesday, January 24 the price saw a loss of about -0.32%. Currently the company’s common shares owned by public are about 716.00M shares, out of which, 713.96M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 117 times over the past 12 months. They bought 1,117,137 shares in 58 of the transactions. In 59 selling transactions, insiders dumped 702,279 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Kroger Co. Vanguard Total Stock Market ETF is currently holding 20.36 million shares of worth totaling $930.67 million. The company recently came buying 0.11 million shares which brought its stake up to 2.83% of the company’s outstanding shares. Vanguard 500 Index Fund bought 63444.0 shares, after which its hold over company’s outstanding shares expand to 2.11%, leaving 15.16 million shares with the mutual fund that have a worth of about $693.11 million. Vanguard Mid Cap Index Fund, after selling 14.51 million shares, have now control over 2.02% of the stake in the company. It holds -0.18 million shares of worth $663.17 million.
However, the stock later moved at a day high price of 46.35, or with a loss of -0.32%. Stock saw a price change of -0.92% in past 5 days and over the past one month there was a price change of 2.40%. Year-to-date (YTD), KR shares are showing a performance of 0.85% which increased to 3.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.10 but also hit the highest price of $50.36 during that period. The average intraday trading volume for Kroger Co. shares is 4.67 million. The stock is currently trading 0.37% above its 20-day simple moving average (SMA20), while that difference is up 2.70% for SMA50 and it goes to -0.47% lower than SMA200.
Sanders Capital LLC acquired 22.66 million shares of Kroger Co. having value of about $1.04 billion. Data submitted at the U.S SEC by Sanders Capital LLC revealed that the firm now holds 0.5 million shares in the company valued at close to $23003669.5, or have control over 2.25% stake in the company. Kroger Co. (NYSE: KR) currently have 716.00M outstanding shares and institutions hold larger chunk of about 81.87% of that. Holding of mutual funds in the company is about 40.58% while other institutional holders and individual stake holders have control over 42.05% and 2.49% of the stake respectively.
The stock has a current market capitalization of $33.17B and its 3Y-monthly beta is at 0.45. PE ratio of stock for trailing 12 months is 17.94, while it has posted earnings per share of $2.57 in the same period. Its PEG reads 2.24 and has Quick Ratio of 0.33 while making debt-to-equity ratio of 1.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KR, volatility over the week remained 1.25% while standing at 1.28% over the month.
Analysts are in expectations that Kroger Co. (KR) stock would likely to be making an EPS of $1.13 in the current quarter, while forecast for next quarter EPS is $1.51 and it is $4.34 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.1 which is $1.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.99 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.70% while it is estimated to decrease by -5.62% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of 7.92% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on September 22, 2023 offering a Hold rating for the stock and assigned a target price of $52 to it.
