Amalgamated Bank Has $7.67 Million Position in The Kroger Co. (NYSE:KR)

Amalgamated Bank trimmed its holdings in The Kroger Co. (NYSE:KR) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,794 shares of the company’s stock after selling 783 shares during the quarter. Amalgamated Bank’s holdings in Kroger were worth $7,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in KR. Altshuler Shaham Ltd bought a new position in shares of Kroger during the 2nd quarter worth approximately $28,000. Northwest Investment Counselors LLC bought a new position in Kroger during the third quarter worth $34,000. Newbridge Financial Services Group Inc. grew its holdings in Kroger by 218.8% in the second quarter. Newbridge Financial Services Group Inc. now owns 714 shares of the company’s stock worth $36,000 after purchasing an additional 490 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Kroger in the third quarter valued at $40,000. Finally, ORG Partners LLC acquired a new position in shares of Kroger during the second quarter valued at about $42,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on KR shares. Telsey Advisory Group restated an “outperform” rating and issued a $62.00 target price on shares of Kroger in a research note on Wednesday, October 9th. Melius Research assumed coverage on Kroger in a report on Monday, September 23rd. They set a “hold” rating and a $55.00 price objective for the company. BNP Paribas initiated coverage on Kroger in a research report on Friday, October 18th. They set a “neutral” rating and a $56.00 target price on the stock. Morgan Stanley lifted their price target on shares of Kroger from $57.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kroger from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Kroger presently has a consensus rating of “Moderate Buy” and an average target price of $60.09.

Kroger Price Performance

Shares of NYSE KR opened at $59.80 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.87 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $43.26 billion, a PE ratio of 15.65, a PEG ratio of 0.87 and a beta of 0.48. The stock’s 50 day moving average price is $55.52 and its 200-day moving average price is $53.94. The Kroger Co. has a twelve month low of $42.10 and a twelve month high of $59.92.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 12th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $33.91 billion during the quarter, compared to the consensus estimate of $34.09 billion. Kroger had a return on equity of 28.54% and a net margin of 1.86%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. On average, equities analysts anticipate that The Kroger Co. will post 4.46 EPS for the current year.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, November 15th. Kroger’s dividend payout ratio is currently 33.51%.

Insider Transactions at Kroger

In other Kroger news, VP Brian W. Nichols sold 6,922 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $55.80, for a total transaction of $386,247.60. Following the completion of the transaction, the vice president now directly owns 14,063 shares of the company’s stock, valued at approximately $784,715.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Carin L. Fike sold 3,010 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $55.57, for a total value of $167,265.70. Following the sale, the vice president now directly owns 47,593 shares in the company, valued at approximately $2,644,743.01. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian W. Nichols sold 6,922 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $55.80, for a total transaction of $386,247.60. Following the transaction, the vice president now owns 14,063 shares of the company’s stock, valued at $784,715.40. This represents 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 worth $721,243 in the last quarter. Insiders own 1.40% of the company’s stock.

Kroger 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.