Kroger Company (NYSE:KR) Receives a Higher Rating From Merrill Lynch. Is it Time to Buy Shares?

May 18, 2018 - By Alfred Lee

The Kroger Co. (NYSE:KR) Logo

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.02, from 0.88 in 2017Q3. It is positive, as 78 investors sold The Kroger Co. shares while 251 reduced holdings. 121 funds opened positions while 176 raised stakes. 636.15 million shares or 7.55% less from 688.12 million shares in 2017Q3 were reported.

Principal Financial Gp accumulated 0.18% or 7.01M shares. State Of New Jersey Common Pension Fund D holds 0.05% of its portfolio in The Kroger Co. (NYSE:KR) for 464,000 shares. Mackenzie Financial Corporation holds 0.06% of its portfolio in The Kroger Co. (NYSE:KR) for 834,813 shares. Vaughan David Invs Inc Il stated it has 629,918 shares. Uss Mngmt Ltd reported 1.04M shares stake. Community Trust And holds 0.03% or 8,690 shares. 1.33M are held by Aqr Capital Management Limited Liability Corp. Bokf Na stated it has 0.02% in The Kroger Co. (NYSE:KR). Coho Prtnrs Limited reported 3.7% in The Kroger Co. (NYSE:KR). Caisse De Depot Et Placement Du Quebec holds 272,020 shares. 80,853 are owned by Jefferies Group Limited. Daiwa Sb Invs Ltd stated it has 26,800 shares or 0.19% of all its holdings. Mcf has invested 0.02% in The Kroger Co. (NYSE:KR). Pension holds 977,602 shares or 0.13% of its portfolio. Cibc World Markets Corp stated it has 0.04% in The Kroger Co. (NYSE:KR).

Since December 19, 2017, it had 0 buys, and 6 selling transactions for $2.81 million activity. Clark Robert W had sold 11,000 shares worth $325,292. Foley Todd A sold $471,200 worth of stock or 15,200 shares. HJELM CHRISTOPHER T sold $446,327 worth of stock.

Kroger Company (NYSE:KR) Stock Upgrade

The previous rating for shares of Kroger Company (NYSE:KR) has been supplanted by today’s new rating by Merrill Lynch, who raised shares to a Buy.

The Kroger Co. (NYSE:KR) Ratings Coverage

Among 13 analysts covering Kroger Company (NYSE:KR), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Kroger Company has $38.0 highest and $22.0 lowest target. $27.96’s average target is 10.51% above currents $25.3 stock price. Kroger Company had 19 analyst reports since December 1, 2017 according to SRatingsIntel. Stephens maintained The Kroger Co. (NYSE:KR) rating on Tuesday, January 16. Stephens has “Hold” rating and $29.0 target. The firm has “Market Perform” rating given on Monday, March 12 by BMO Capital Markets. BMO Capital Markets maintained it with “Hold” rating and $31.0 target in Wednesday, January 24 report. The rating was maintained by Jefferies with “Hold” on Friday, December 1. The firm has “Equal-Weight” rating given on Friday, March 9 by Morgan Stanley. The rating was maintained by Morgan Stanley on Tuesday, February 6 with “Equal-Weight”. The firm has “Buy” rating given on Friday, January 5 by Jefferies. The stock of The Kroger Co. (NYSE:KR) earned “Hold” rating by Oppenheimer on Thursday, March 1. As per Tuesday, December 26, the company rating was maintained by Citigroup. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, December 1.

The stock increased 1.44% or $0.36 during the last trading session, reaching $25.3. About 16.02M shares traded or 54.85% up from the average. The Kroger Co. (NYSE:KR) has declined 18.87% since May 18, 2017 and is downtrending. It has underperformed by 30.42% the S&P500.

Analysts await The Kroger Co. (NYSE:KR) to report earnings on June, 21. They expect $0.64 earnings per share, up 10.34 % or $0.06 from last year’s $0.58 per share. KR’s profit will be $546.63 million for 9.88 P/E if the $0.64 EPS becomes a reality. After $0.63 actual earnings per share reported by The Kroger Co. for the previous quarter, Wall Street now forecasts 1.59 % EPS growth.

The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The company has market cap of $21.61 billion. It also makes and processes food for sale in its supermarkets. It has a 12.11 P/E ratio. The firm operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.

More notable recent The Kroger Co. (NYSE:KR) news were published by: Streetinsider.com which released: “BofA/Merrill Lynch Upgrades Kroger (KR) to Buy” on May 17, 2018, also Bizjournals.com with their article: “Kroger stock climbs as analysts applaud Ocado deal” published on May 17, 2018, Seekingalpha.com published: “Kroger rallies after Barron’s call-out” on May 14, 2018. More interesting news about The Kroger Co. (NYSE:KR) were released by: 247Wallst.com and their article: “Short Interest in Kroger Rises 77%” published on May 10, 2018 as well as Fool.com‘s news article titled: “Amazon Needs More Whole Foods Stores” with publication date: May 18, 2018.

The Kroger Co. (NYSE:KR) Institutional Positions Chart

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