The Kroger Co. (KR) Stock Value Declined While Coho Partners LTD Lifted by $2.52 Million Its Stake; Medtronic Plc (MDT) Stake Held by Edgemoor Investment Advisors Inc

June 14, 2018 - By Stephen Andrade

Medtronic plc (NYSE:MDT) Logo

Coho Partners Ltd increased its stake in The Kroger Co. (KR) by 2.01% based on its latest 2018Q1 regulatory filing with the SEC. Coho Partners Ltd bought 109,358 shares as the company’s stock declined 11.63% with the market. The institutional investor held 5.56M shares of the food chains company at the end of 2018Q1, valued at $133.10 million, up from 5.45M at the end of the previous reported quarter. Coho Partners Ltd who had been investing in The Kroger Co. for a number of months, seems to be bullish on the $21.13 billion market cap company. The stock increased 1.06% or $0.275 during the last trading session, reaching $26.285. About 5.83M shares traded. The Kroger Co. (NYSE:KR) has declined 15.83% since June 14, 2017 and is downtrending. It has underperformed by 28.40% the S&P500. Some Historical KR News: 23/03/2018 – ‘No truth’ in report of possible Target-Kroger merger; 20/04/2018 – KROGER CO – ANNOUNCES $1.2 BLN ACCELERATED SHARE REPURCHASE PROGRAM; 30/04/2018 – Kroger CEO on Walmart Competition, M&A, Inflation, Wages (Video); 08/03/2018 – Supermarket chain Kroger’s sales beat, but forecast disappoints; 08/03/2018 – Kroger 4Q Net $854M; 25/05/2018 – Kroger is buying a meal-kit company called Home Chef; 17/05/2018 – OCADO OCDO.L CFO SAYS KROGER WILL ALSO HAVE ACCESS TO ITS SOFTWARE, IF IT CHOOSES, FOR STORE PICKING; 08/03/2018 – Kroger 4Q EPS 96c; 17/05/2018 – Kroger, Online Supermarket Ocado Enter Online Shopping Partnershi; 09/03/2018 – KROGER-CINCINNATI/DAYTON DIVISION AGREEMENT RAISES STARTING WAGES TO AT LEAST $10/HOUR,ACCELERATES WAGE PROGRESSIONS TO $11/HOUR AFTER 1 YR OF SERVICE

Edgemoor Investment Advisors Inc increased its stake in Medtronic Plc (MDT) by 161.46% based on its latest 2018Q1 regulatory filing with the SEC. Edgemoor Investment Advisors Inc bought 12,660 shares as the company’s stock rose 4.71% while stock markets declined. The institutional investor held 20,501 shares of the electromedical & electrotherapeutic apparatus company at the end of 2018Q1, valued at $1.65M, up from 7,841 at the end of the previous reported quarter. Edgemoor Investment Advisors Inc who had been investing in Medtronic Plc for a number of months, seems to be bullish on the $117.09 billion market cap company. The stock increased 0.73% or $0.625 during the last trading session, reaching $86.465. About 2.16 million shares traded. Medtronic plc (NYSE:MDT) has risen 0.84% since June 14, 2017 and is uptrending. It has underperformed by 11.73% the S&P500. Some Historical MDT News: 03/05/2018 – lntact Vascular Announces Enrollment Completion of the Tack Optimized Balloon Angioplasty lll (TOBA lll) Clinical Trial; 11/05/2018 – MEDTRONIC STUDY CONFIRMS FEASIBILITY OF NEW EXTRAVASCULAR; 10/03/2018 – MEDTRONIC: COREVALVE TAVR SYSTEM SHOWED STRONG L-T PERFORMANCE; 11/05/2018 – MEDTRONIC: FEASIBILITY OF EXTRAVASCULAR APPROACH TO ICD THERAPY; 24/05/2018 – Medtronic Profit Rises, Sees More Growth in FY19; 23/04/2018 – Medtronic : New Indication Expands DCB Treatment for Patients With SFA Lesions Up to 360mm; 12/03/2018 – MEDTRONIC GETS FDA APPROVAL FOR GUARDIAN CONNECT CONTINUOUS GLU; 19/03/2018 – MEDTRONIC – RESULTS PRESENTED AT EUROPEAN HEART RHYTHM ASSOCIATION SCIENTIFIC SESSIONS 2018 IN BARCELONA; 10/05/2018 – JPMorgan Adds Aptiv, Cuts Apple, Buys More Medtronic: 13F; 24/05/2018 – Medtronic: Current Forex Rates Would Cut FY19 Rev by $50M-$150M

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.04, from 0.9 in 2017Q4. It fall, as 83 investors sold KR shares while 232 reduced holdings. 73 funds opened positions while 199 raised stakes. 632.13 million shares or 0.63% less from 636.15 million shares in 2017Q4 were reported. Company Comml Bank owns 18,280 shares or 0.01% of their US portfolio. Afam owns 73,959 shares or 0.19% of their US portfolio. Invsts Asset Mgmt Of Georgia Ga Adv accumulated 8,452 shares. Hl Financial Llc reported 136,674 shares. Nordea Investment Mgmt holds 6.74M shares. Seabridge Investment Advsrs Ltd Limited Liability Company holds 44,556 shares. 28,745 are owned by Profund Advsrs. Westend Advsrs Ltd Liability Co owns 111 shares. Norinchukin Financial Bank The holds 0.03% or 80,760 shares. Florida-based Raymond James Tru Na has invested 0.23% in The Kroger Co. (NYSE:KR). Gator Cap Mngmt Limited Company reported 12,000 shares. Fifth Third State Bank, Ohio-based fund reported 228,548 shares. Monarch Cap Management accumulated 0.83% or 90,375 shares. Madison Invest Inc invested 0.01% of its portfolio in The Kroger Co. (NYSE:KR). Moreover, Commerzbank Aktiengesellschaft Fi has 0.1% invested in The Kroger Co. (NYSE:KR) for 385,561 shares.

More notable recent The Kroger Co. (NYSE:KR) news were published by: Globenewswire.com which released: “Investor Expectations to Drive Momentum within The Kroger, Mohawk Industries, Mersana Therapeutics, Riot …” on June 14, 2018, also Bizjournals.com with their article: “Kroger plans to exit one of its markets” published on June 13, 2018, Fool.com published: “Costco’s Growth Is Accelerating” on June 14, 2018. More interesting news about The Kroger Co. (NYSE:KR) were released by: Seekingalpha.com and their article: “Kroger: Investment Drive Should Fuel Profits” published on May 31, 2018 as well as 247Wallst.com‘s news article titled: “How Kroger Is Breaking Into the Meal Kit Market” with publication date: May 24, 2018.

Coho Partners Ltd, which manages about $1.39B and $3.81 billion US Long portfolio, decreased its stake in Ross Stores Inc. (NASDAQ:ROST) by 37,581 shares to 1.23 million shares, valued at $95.81 million in 2018Q1, according to the filing. It also reduced its holding in The J.M. Smucker Co. (NYSE:SJM) by 33,583 shares in the quarter, leaving it with 1.40 million shares, and cut its stake in Microchip Tech Inc. (NASDAQ:MCHP).

Since December 19, 2017, it had 0 insider buys, and 6 sales for $2.81 million activity. The insider HJELM CHRISTOPHER T sold $446,327. Another trade for 40,000 shares valued at $1.23M was made by DONNELLY MICHAEL JOSEPH on Monday, January 29. Shares for $325,292 were sold by Clark Robert W.

Among 37 analysts covering Kroger (NYSE:KR), 18 have Buy rating, 0 Sell and 19 Hold. Therefore 49% are positive. Kroger had 112 analyst reports since August 25, 2015 according to SRatingsIntel. The company was downgraded on Friday, June 16 by Goldman Sachs. Jefferies maintained The Kroger Co. (NYSE:KR) on Thursday, October 12 with “Hold” rating. The rating was maintained by Bank of America on Friday, March 9 with “Neutral”. Telsey Advisory Group downgraded the shares of KR in report on Friday, June 16 to “Market Perform” rating. The firm earned “Hold” rating on Tuesday, August 23 by Cleveland. The stock of The Kroger Co. (NYSE:KR) earned “Peer Perform” rating by Wolfe Research on Wednesday, June 15. The firm has “Neutral” rating by Credit Suisse given on Thursday, May 12. The firm has “Buy” rating by Oppenheimer given on Wednesday, June 21. As per Monday, February 5, the company rating was maintained by Scotia Capital. The stock has “Neutral” rating by JP Morgan on Friday, June 16.

More notable recent Medtronic plc (NYSE:MDT) news were published by: Globenewswire.com which released: “Medtronic to Participate in Goldman Sachs Global Healthcare Conference” on May 29, 2018, also Investorplace.com with their article: “Is This the Latest Booster for Medtronic PLC Stock?” published on June 14, 2018, Seekingalpha.com published: “Medtronic plc 2018 Q4 – Results – Earnings Call Slides” on May 24, 2018. More interesting news about Medtronic plc (NYSE:MDT) were released by: Globenewswire.com and their article: “Medtronic Launches New Clinician Programmer for Deep Brain Stimulation Therapy” published on June 13, 2018 as well as Investorplace.com‘s news article titled: “5 AI Biotech Stocks to Bet On Now” with publication date: June 14, 2018.

Edgemoor Investment Advisors Inc, which manages about $707.10 million and $751.21 million US Long portfolio, decreased its stake in Alphabet Inc by 293 shares to 20,505 shares, valued at $21.16 million in 2018Q1, according to the filing. It also reduced its holding in 3M Co (NYSE:MMM) by 1,516 shares in the quarter, leaving it with 86,043 shares, and cut its stake in United Rentals Inc (NYSE:URI).

Among 30 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 11 Hold. Therefore 63% are positive. Medtronic had 89 analyst reports since August 10, 2015 according to SRatingsIntel. William Blair maintained the stock with “Outperform” rating in Thursday, July 6 report. On Tuesday, October 10 the stock rating was maintained by BMO Capital Markets with “Outperform”. The firm earned “Buy” rating on Tuesday, January 2 by Bank of America. The stock of Medtronic plc (NYSE:MDT) earned “Outperform” rating by Credit Suisse on Monday, August 10. The firm has “Buy” rating by Jefferies given on Tuesday, November 21. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, August 22. The firm earned “Buy” rating on Wednesday, August 23 by Needham. The rating was maintained by Needham on Tuesday, June 7 with “Buy”. The company was maintained on Tuesday, November 21 by Needham. Oppenheimer maintained the shares of MDT in report on Tuesday, July 18 with “Buy” rating.

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

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