Worth Watching: Kroger Co (NYSE:KR) Institutional Investor Sentiment

November 25, 2016 - By Marie Mckinney   ·   0 Comments

Worth Watching: Kroger Co (NYSE:KR) Institutional Investor Sentiment

Sentiment for Kroger Co (NYSE:KR)

Kroger Co (NYSE:KR) institutional sentiment increased to 0.93 in Q2 2016. Its up 0.21, from 0.72 in 2016Q1. The ratio is more positive, as 280 funds started new and increased positions, while 389 reduced and sold stock positions in Kroger Co. The funds in our partner’s database now have: 739.57 million shares, down from 756.71 million shares in 2016Q1. Also, the number of funds holding Kroger Co in their top 10 positions decreased from 26 to 18 for a decrease of 8. Sold All: 66 Reduced: 323 Increased: 207 New Position: 73.

The Kroger Co. operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The company has a market cap of $32.24 billion. The Firm also makes and processes food for sale in its supermarkets. It has a 15.98 P/E ratio. It operates through retail activities segment.

About 803,540 shares traded hands. Kroger Co (NYSE:KR) has declined 5.28% since April 22, 2016 and is downtrending. It has underperformed by 10.69% the S&P500.

Analysts await Kroger Co (NYSE:KR) to report earnings on December, 1 before the open. They expect $0.42 EPS, down 2.33% or $0.01 from last year’s $0.43 per share. KR’s profit will be $399.32 million for 20.18 P/E if the $0.42 EPS becomes a reality. After $0.47 actual EPS reported by Kroger Co for the previous quarter, Wall Street now forecasts -10.64% negative EPS growth.

According to Zacks Investment Research, “Kroger Company is one of the larger grocery retailers in the United States. The company also manufactures and processes food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement, remodeling, enlarging, or closing.”

Rr Partners Lp holds 12.53% of its portfolio in Kroger Co for 7.85 million shares. First National Bank Of Hutchinson owns 293,186 shares or 6.96% of their US portfolio. Moreover, Csat Investment Advisory L.P. has 4.34% invested in the company for 56,112 shares. The Colorado-based Bruni J V & Co Co has invested 3.92% in the stock. Wallington Asset Management Llc, a Indiana-based fund reported 321,780 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 sales for $1.42 million net activity.

Kroger Co (NYSE:KR) Ratings Coverage

Ratings analysis reveals 62% of Kroger’s analysts are positive. Out of 26 Wall Street analysts rating Kroger, 16 give it “Buy”, 1 “Sell” rating, while 9 recommend “Hold”. The lowest target is $29 while the high is $48. The stock’s average target of $40.71 is 20.05% above today’s ($33.91) share price. KR was included in 43 notes of analysts from August 25, 2015. The company was maintained on Monday, September 14 by S&P Research. Deutsche Bank maintained Kroger Co (NYSE:KR) rating on Friday, December 4. Deutsche Bank has “Buy” rating and $48 price target. Argus Research maintained Kroger Co (NYSE:KR) rating on Monday, September 14. Argus Research has “Buy” rating and $43 price target. Barclays Capital initiated Kroger Co (NYSE:KR) on Friday, September 23 with “Equal-Weight” rating. The company was maintained on Monday, September 12 by Telsey Advisory Group. RBC Capital Markets maintained it with “Sector Perform” rating and $37 target price in Wednesday, September 7 report. The rating was maintained by Oppenheimer on Monday, March 7 with “Outperform”. The firm has “Outperform” rating by Wells Fargo given on Friday, December 18. Argus Research maintained it with “Buy” rating and $45 target price in Monday, December 14 report. Deutsche Bank maintained the shares of KR in a report on Thursday, September 17 with “Buy” rating.

KR Company Profile

The Kroger Co. (Kroger), incorporated on April 3, 1902, operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Firm also makes and processes food for sale in its supermarkets. The Firm operates through retail activities segment. The Firm operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers. Approximately 42% of these supermarkets are operated in the Company-owned facilities, including a range of Company-owned buildings on leased land. The Company’s supermarkets are operated under combination food and drug stores (combo stores), multi-department stores, marketplace stores or price impact warehouses. The Company’s corporate brand products are primarily produced and sold in approximately three tiers. Private Selection is the brand designed to beat the gourmet or upscale brands. The banner brand includes Kroger, Ralphs, Fred Meyer and King Soopers. The Company’s other brands also include Simple Truth and Simple Truth Organic.

Another recent and important Kroger Co (NYSE:KR) news was published by Prnewswire.com which published an article titled: “Kroger’s K.B. Specialty Foods Unveils Plan for Waste to Energy System in …” on November 18, 2016.

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By Marie Mckinney


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