Foundations Investment Advisors LLC Purchases 98,646 Shares of The Kroger Co. (NYSE:KR)

Foundations Investment Advisors LLC raised its position in shares of The Kroger Co. (NYSE:KR) by 1,964.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,668 shares of the company’s stock after acquiring an additional 98,646 shares during the period. Foundations Investment Advisors LLC’s holdings in Kroger were worth $5,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of KR. Valued Wealth Advisors LLC grew its holdings in shares of Kroger by 255.6% in the first quarter. Valued Wealth Advisors LLC now owns 448 shares of the company’s stock worth $26,000 after purchasing an additional 322 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Kroger by 101.6% in the first quarter. Hexagon Capital Partners LLC now owns 496 shares of the company’s stock worth $28,000 after purchasing an additional 250 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of Kroger in the second quarter worth about $28,000. Palisade Asset Management LLC bought a new position in shares of Kroger in the first quarter worth about $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Kroger in the first quarter worth about $34,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, VP Carin L. Fike sold 3,010 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $55.57, for a total value of $167,265.70. Following the transaction, the vice president now owns 47,593 shares in the company, valued at approximately $2,644,743.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Carin L. Fike sold 3,010 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $55.57, for a total value of $167,265.70. Following the transaction, the vice president now owns 47,593 shares in the company, valued at approximately $2,644,743.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Valerie L. Jabbar sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $55.91, for a total transaction of $167,730.00. Following the sale, the senior vice president now directly owns 74,084 shares in the company, valued at $4,142,036.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,932 shares of company stock worth $721,243. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $62.00 price target on shares of Kroger in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on shares of Kroger from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Evercore ISI increased their target price on shares of Kroger from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Melius Research started coverage on shares of Kroger in a report on Monday, September 23rd. They set a “hold” rating and a $55.00 target price on the stock. Finally, BNP Paribas started coverage on shares of Kroger in a report on Friday, October 18th. They set a “neutral” rating and a $56.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kroger has an average rating of “Moderate Buy” and a consensus target price of $60.09.

Kroger Stock Performance

KR stock opened at $56.43 on Wednesday. The firm has a market cap of $40.73 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 0.87 and a beta of 0.47. The firm has a 50-day simple moving average of $54.58 and a two-hundred day simple moving average of $53.83. The Kroger Co. has a one year low of $42.10 and a one year high of $58.34. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.87.

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

Kroger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be issued a $0.32 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.28 annualized dividend and a yield of 2.27%. Kroger’s dividend payout ratio (DPR) is presently 43.69%.

About Kroger

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.