Morgan Stanley Gives Kroger (NYSE:KR) a Lower Rating. Drops its “Overweight” Rating

June 20, 2017 - By Hazel Jackson

 Morgan Stanley Gives Kroger (NYSE:KR) a Lower Rating. Drops its

Investors sentiment decreased to 0.92 in 2016 Q4. Its down 0.01, from 0.93 in 2016Q3. It turned negative, as 76 investors sold Kroger Co shares while 273 reduced holdings. 97 funds opened positions while 223 raised stakes. 705.18 million shares or 1.32% more from 696.00 million shares in 2016Q3 were reported.

400 are owned by Kelly Lawrence W & Ca. Truepoint owns 8,791 shares or 0.03% of their US portfolio. 234,388 were reported by Westpac Bk. Pennsylvania Tru Com holds 0.02% in Kroger Co (NYSE:KR) or 6,190 shares. Jag Management Llc owns 33,052 shares for 0.23% of their portfolio. Salem Counselors holds 0.01% of its portfolio in Kroger Co (NYSE:KR) for 3,519 shares. Bnp Paribas Arbitrage reported 499,434 shares. Tarbox Group Inc has invested 0.01% in Kroger Co (NYSE:KR). Illinois-based Alyeska Investment Gp Ltd Partnership has invested 0.27% in Kroger Co (NYSE:KR). Illinois-based North Star Invest Corporation has invested 0.05% in Kroger Co (NYSE:KR). 160,288 are held by Sei Invs Communication. Bartlett And Co reported 0.11% in Kroger Co (NYSE:KR). Hahn Capital Management Limited Liability Co has 1.15M shares for 0% of their portfolio. 239,399 are owned by Howard Cap Mngmt. Assetmark accumulated 3,028 shares.

Since March 3, 2017, it had 0 insider purchases, and 5 sales for $1.77 million activity. Clark Robert W sold $489,835 worth of stock. 10,000 Kroger Co (NYSE:KR) shares with value of $298,950 were sold by KROPF SUSAN J. $131,057 worth of Kroger Co (NYSE:KR) was sold by SARGENT RONALD. Shares for $528,176 were sold by DONNELLY MICHAEL JOSEPH on Wednesday, May 10. On Friday, March 3 Foley Todd A sold $324,832 worth of Kroger Co (NYSE:KR) or 11,000 shares.

Kroger (NYSE:KR) Receives a Downgrade

In analysts note issued on Monday morning, Morgan Stanley decreased shares of Kroger (NYSE:KR) to a lower “Equal-Weight” rating from the previous “Overweight” rating.

Investors sentiment decreased to 0.92 in 2016 Q4. Its down 0.01, from 0.93 in 2016Q3. It turned negative, as 76 investors sold Kroger Co shares while 273 reduced holdings. 97 funds opened positions while 223 raised stakes. 705.18 million shares or 1.32% more from 696.00 million shares in 2016Q3 were reported.

400 are owned by Kelly Lawrence W & Ca. Truepoint owns 8,791 shares or 0.03% of their US portfolio. 234,388 were reported by Westpac Bk. Pennsylvania Tru Com holds 0.02% in Kroger Co (NYSE:KR) or 6,190 shares. Jag Management Llc owns 33,052 shares for 0.23% of their portfolio. Salem Counselors holds 0.01% of its portfolio in Kroger Co (NYSE:KR) for 3,519 shares. Bnp Paribas Arbitrage reported 499,434 shares. Tarbox Group Inc has invested 0.01% in Kroger Co (NYSE:KR). Illinois-based Alyeska Investment Gp Ltd Partnership has invested 0.27% in Kroger Co (NYSE:KR). Illinois-based North Star Invest Corporation has invested 0.05% in Kroger Co (NYSE:KR). 160,288 are held by Sei Invs Communication. Bartlett And Co reported 0.11% in Kroger Co (NYSE:KR). Hahn Capital Management Limited Liability Co has 1.15M shares for 0% of their portfolio. 239,399 are owned by Howard Cap Mngmt. Assetmark accumulated 3,028 shares.

Since March 3, 2017, it had 0 insider purchases, and 5 sales for $1.77 million activity. Clark Robert W sold $489,835 worth of stock. 10,000 Kroger Co (NYSE:KR) shares with value of $298,950 were sold by KROPF SUSAN J. $131,057 worth of Kroger Co (NYSE:KR) was sold by SARGENT RONALD. Shares for $528,176 were sold by DONNELLY MICHAEL JOSEPH on Wednesday, May 10. On Friday, March 3 Foley Todd A sold $324,832 worth of Kroger Co (NYSE:KR) or 11,000 shares.

Kroger Co (NYSE:KR) Ratings Coverage

Among 30 analysts covering Kroger (NYSE:KR), 12 have Buy rating, 0 Sell and 18 Hold. Therefore 40% are positive. Kroger has $48 highest and $25 lowest target. $38.69’s average target is 70.89% above currents $22.64 stock price. Kroger had 58 analyst reports since August 25, 2015 according to SRatingsIntel. Piper Jaffray upgraded Kroger Co (NYSE:KR) on Wednesday, December 14 to “Neutral” rating. The stock has “Neutral” rating by Credit Suisse on Thursday, May 12. As per Tuesday, July 26, the company rating was upgraded by Goldman Sachs. The firm has “Buy” rating given on Monday, May 15 by RBC Capital Markets. The firm has “Buy” rating by Vetr given on Thursday, September 3. The company was maintained on Monday, August 29 by Citigroup. The firm earned “Buy” rating on Monday, September 14 by Argus Research. The stock has “Equal-Weight” rating by Barclays Capital on Friday, September 23. As per Tuesday, August 23, the company rating was downgraded by Cleveland. The stock of Kroger Co (NYSE:KR) has “Outperform” rating given on Friday, December 4 by Telsey Advisory Group.

The stock increased 1.57% or $0.35 during the last trading session, reaching $22.64. About shares traded. Kroger Co (NYSE:KR) has declined 16.08% since June 20, 2016 and is downtrending. It has underperformed by 32.78% the S&P500.

The Kroger Co. manufactures and processes food for sale in its supermarkets. The company has market cap of $18.75 billion. The Firm operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. It has a 13.64 P/E ratio. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

More notable recent Kroger Co (NYSE:KR) news were published by: Seekingalpha.com which released: “Kroger: A Grocer With 100% Upside” on June 19, 2017, also Seekingalpha.com with their article: “Kroger: Could This Be The Big Quarter?” published on June 12, 2017, Bizjournals.com published: “What will Amazon’s Whole Foods deal mean for Kroger?” on June 16, 2017. More interesting news about Kroger Co (NYSE:KR) were released by: Fool.com and their article: “What Kroger Co. Wants Investors to Know After Taking an Axe to Its Profit Outlook” published on June 16, 2017 as well as Seekingalpha.com‘s news article titled: “Is Kroger Just Fine After A 18% Post Earnings Tumble?” with publication date: June 16, 2017.

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