The Kroger Co. (NYSE:KR) is DRH Investments Inc.'s 5th Largest Position

DRH Investments Inc. decreased its position in The Kroger Co. (NYSE:KR - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,221 shares of the company's stock after selling 111,965 shares during the period. Kroger accounts for 10.5% of DRH Investments Inc.'s investment portfolio, making the stock its 5th biggest holding. DRH Investments Inc.'s holdings in Kroger were worth $9,186,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KR. Orion Portfolio Solutions LLC boosted its holdings in Kroger by 21.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 41,412 shares of the company's stock worth $2,373,000 after buying an additional 7,196 shares during the period. MML Investors Services LLC increased its position in shares of Kroger by 17.9% during the third quarter. MML Investors Services LLC now owns 50,119 shares of the company's stock valued at $2,872,000 after buying an additional 7,609 shares during the period. Y Intercept Hong Kong Ltd boosted its position in shares of Kroger by 29.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 23,362 shares of the company's stock valued at $1,339,000 after acquiring an additional 5,300 shares during the period. M&T Bank Corp lifted its stake in Kroger by 2.8% in the 3rd quarter. M&T Bank Corp now owns 70,295 shares of the company's stock worth $4,029,000 after purchasing an additional 1,945 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Kroger by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 16,019,726 shares of the company's stock valued at $914,795,000 after acquiring an additional 126,303 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Insider Buying and Selling

In other news, VP Brian W. Nichols sold 1,300 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $66.71, for a total transaction of $86,723.00. Following the transaction, the vice president now directly owns 12,090 shares in the company, valued at $806,523.90. The trade was a 9.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kenneth C. Kimball sold 11,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $65.37, for a total value of $719,070.00. Following the transaction, the senior vice president now directly owns 127,106 shares in the company, valued at $8,308,919.22. This trade represents a 7.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,785 shares of company stock valued at $17,476,866 over the last 90 days. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KR. Morgan Stanley lifted their price objective on shares of Kroger from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on shares of Kroger from $71.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Evercore ISI increased their target price on shares of Kroger from $73.00 to $74.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Melius Research lowered shares of Kroger from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 1st. Finally, Melius lowered shares of Kroger from a "hold" rating to a "sell" rating and set a $58.00 target price for the company. in a report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $66.50.

Kroger Trading Up 1.5 %

Shares of NYSE KR traded up $1.05 during trading hours on Wednesday, hitting $69.19. 2,705,810 shares of the company traded hands, compared to its average volume of 5,371,844. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $45.73 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 2.85 and a beta of 0.60. The Kroger Co. has a 12 month low of $49.04 and a 12 month high of $71.93. The company's 50 day moving average price is $65.82 and its 200 day moving average price is $61.51.

Kroger (NYSE:KR - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The company had revenue of $34.31 billion during the quarter, compared to the consensus estimate of $34.96 billion. Kroger had a net margin of 1.85% and a return on equity of 27.73%. On average, equities research analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.85%. Kroger's payout ratio is currently 34.88%.

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.