Kroger Co Can’t Be More Safe. Option Traders Like It

 Kroger Co Can't Be More Safe. Option Traders Like It

In today’s session Kroger Co (KR) registered an unusually high (374) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious KR increase. With 374 contracts traded and 314 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: KR161118C00027500 closed last at: $2.35 or 14.5% down. About 10.74 million shares traded hands. Kroger Co (NYSE:KR) has declined 28.66% since March 2, 2016 and is downtrending. It has underperformed by 36.92% the S&P500.

Kroger Co (NYSE:KR) Ratings Coverage

Out of 26 analysts covering Kroger (NYSE:KR), 16 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 62% are positive. Kroger has been the topic of 43 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The stock of Kroger Co (NYSE:KR) has “Equal-Weight” rating given on Thursday, September 3 by Barclays Capital. The rating was downgraded by Cleveland on Tuesday, August 23 to “Hold”. The firm has “Neutral” rating given on Tuesday, May 3 by Suntrust Robinson. The stock has “Buy” rating given by Hilliard Lyons on Thursday, June 23. The firm has “Buy” rating given on Tuesday, August 25 by Zacks. The firm earned “Hold” rating on Monday, September 14 by Jefferies. Oppenheimer maintained Kroger Co (NYSE:KR) on Wednesday, August 24 with “Outperform” rating. The firm has “Neutral” rating given on Tuesday, May 3 by SunTrust. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, December 4. The stock has “Buy” rating given by Goldman Sachs on Tuesday, July 26.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.72 in Q2 2016. Its down 0.26, from 0.98 in 2016Q1. The ratio fall, as 66 funds sold all Kroger Co shares owned while 323 reduced positions. 73 funds bought stakes while 207 increased positions. They now own 739.57 million shares or 2.27% less from 756.71 million shares in 2016Q1.
Orleans Capital Mgmt La holds 0.41% or 16,009 shares in its portfolio. Beacon Finance Group has 10,266 shares for 0.08% of their US portfolio. Gam Ag has 0.07% invested in the company for 129,586 shares. Nj State Employees Deferred Compensation Plan reported 30,000 shares or 0.23% of all its holdings. Mycio Wealth Prtn Ltd accumulated 0% or 47 shares. Hall Laurie J Trustee, a Massachusetts-based fund reported 23,685 shares. Ls Advsrs Llc owns 29,886 shares or 0.08% of their US portfolio. Cap Guardian Com reported 900 shares or 0% of all its holdings. Strategic Advisors Lc reported 68,868 shares or 0.96% of all its holdings. Teacher Retirement Systems Of Texas has 902,854 shares for 0.23% of their US portfolio. Advisor Prtnrs Limited Liability Com, a California-based fund reported 15,644 shares. Voloridge Mngmt Limited Liability Company reported 997,583 shares or 1.05% of all its holdings. Trust Department Mb Bank N A has 481 shares for 0% of their US portfolio. Suntrust Banks last reported 945,938 shares in the company. Aviva Public Ltd last reported 615,286 shares in the company.

Insider Transactions: Since April 6, 2016, the stock had 0 insider buys, and 2 selling transactions for $1.42 million net activity. Shares for $114,261 were sold by SARGENT RONALD on Friday, April 8. DONNELLY MICHAEL JOSEPH also sold $390,000 worth of Kroger Co (NYSE:KR) on Wednesday, April 6. VAN OFLEN MARY ELIZABETH sold $454,176 worth of Kroger Co (NYSE:KR) on Friday, July 8. On Thursday, September 15 Dougherty Kevin M sold $962,550 worth of the stock or 31,000 shares.

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 $27.04 billion. The Firm also makes and processes food for sale in its supermarkets. It has a 13.62 P/E ratio. It operates through retail activities segment.

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.

More important recent Kroger Co (NYSE:KR) news were published by: Investorplace.com which released: “Trade of the Day: Kroger Co (NYSE:KR)” on October 05, 2016, also Fool.com published article titled: “Kroger Co Sales Growth Falls Victim to Lower Grocery Prices”, Finance.Yahoo.com published: “National Business Group on Health Elects Theresa Monti, The Kroger Co …” on October 03, 2016. More interesting news about Kroger Co (NYSE:KR) was released by: Benzinga.com and their article: “Kroger Shares Still Lacking A Near-Term Catalyst” with publication date: October 04, 2016.

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