As Kroger Co (KR) Stock Value Declined, Shareholder British Columbia Investment Management Decreased Position by $671,186; Deere & Co (DE) Holder Parsec Financial Management Trimmed Holding as Market Value Declined

June 24, 2018 - By Migdalia James

The Kroger Co. (NYSE:KR) Logo

Parsec Financial Management Inc decreased its stake in Deere & Co Inc (DE) by 81.51% based on its latest 2018Q1 regulatory filing with the SEC. Parsec Financial Management Inc sold 35,516 shares as the company’s stock declined 5.05% with the market. The institutional investor held 8,056 shares of the industrial machinery and components company at the end of 2018Q1, valued at $1.25 million, down from 43,572 at the end of the previous reported quarter. Parsec Financial Management Inc who had been investing in Deere & Co Inc for a number of months, seems to be less bullish one the $46.43 billion market cap company. The stock increased 0.82% or $1.16 during the last trading session, reaching $143.17. About 2.36 million shares traded. Deere & Company (NYSE:DE) has risen 29.87% since June 24, 2017 and is uptrending. It has outperformed by 17.30% the S&P500. Some Historical DE News: 08/05/2018 – TTM Technologies, Inc. earns recognition as a John Deere “Partner-level Supplier” and Supplier of the Year; 20/04/2018 – FMC, Deere Seen Raising Dividend for 1st Time in 2 Years: BDVD; 23/04/2018 – DJ Deere & Company, Inst Holders, 1Q 2018 (DE); 30/04/2018 – JPMorgan Growth Advantage Adds Deere, Exits Humana; 17/05/2018 – ♫ Reuters Insider – U.S. Day Ahead: Farm equipment and Pepperidge Farm earnings; 18/05/2018 – DEERE SAYS SUPPLY CONSTRAINTS ISSUES HAVE IMPROVED VERY NICELY; 21/03/2018 – U.S. tariffs could raise steel prices by 30 percent and may prompt the company to switch materials, Deere & Co CEO Samuel Allen said on Wednesday; 18/05/2018 – DEERE & CO SAYS NET INCOME ATTRIBUTABLE TO CO FORECAST TO BE ABOUT $2.3 BILLION FOR FISCAL 2018; 04/04/2018 – Deere says assessing impact of Beíjing’s new tariffs; 18/05/2018 – Deere & Co. Sees FY18 Worldwide Sales of Agriculture & Turf Equipment Up About 14%

British Columbia Investment Management Corp decreased its stake in Kroger Co (KR) by 8.1% based on its latest 2018Q1 regulatory filing with the SEC. British Columbia Investment Management Corp sold 29,182 shares as the company’s stock declined 11.63% with the market. The institutional investor held 331,123 shares of the food chains company at the end of 2018Q1, valued at $7.93M, down from 360,305 at the end of the previous reported quarter. British Columbia Investment Management Corp who had been investing in Kroger Co for a number of months, seems to be less bullish one the $23.87B market cap company. The stock increased 3.34% or $0.96 during the last trading session, reaching $29.69. About 37.29 million shares traded or 233.83% up from the average. The Kroger Co. (NYSE:KR) has declined 15.83% since June 24, 2017 and is downtrending. It has underperformed by 28.40% the S&P500. Some Historical KR News: 23/04/2018 – DJ Kroger Co, Inst Holders, 1Q 2018 (KR); 08/03/2018 – KROGER CO – QTRLY ADJ SHR $0.63; 17/05/2018 – KROGER CFO SAYS COMPANY PLANS TO OFFER MORE PRODUCTS THROUGH ITS VITACOST.COM BUSINESS; 23/04/2018 – KROGER SAYS ABOUT $546M REMAINS OF BUYBACK ANNOUNCED MARCH 15; 23/05/2018 – KROGER CO -; 23/05/2018 – KROGER SEES DEAL SLIGHTLY ADDING TO 2019 EARNINGS; 09/04/2018 – Walmart, Kroger and Meíjer Fresh Produce Leaders featured at Organic Produce Summit 2018 – Retailer Roundtable; 23/03/2018 – There is ‘no truth’ to Target-Kroger merger report, source tells CNBC; 25/05/2018 – Top VC deals: Kroger buys Home Chef, PayPal buys iZettle and Rover raises $155 million; 03/05/2018 – CORRECT: KROGER GROUND BEEF AMONG JBS N.C. RECALL: CNBC

Another recent and important Deere & Company (NYSE:DE) news was published by Benzinga.com which published an article titled: “Three Industries Already Using Self-Driving Vehicles” on June 06, 2018.

Among 30 analysts covering Deere & Company (NYSE:DE), 17 have Buy rating, 2 Sell and 11 Hold. Therefore 57% are positive. Deere & Company had 131 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was upgraded by Argus Research to “Buy” on Wednesday, February 24. The stock has “Buy” rating by Deutsche Bank on Thursday, November 23. Barclays Capital initiated the shares of DE in report on Friday, September 25 with “Underweight” rating. The stock has “Underweight” rating by Morgan Stanley on Monday, August 24. The firm earned “Buy” rating on Tuesday, November 21 by HSBC. The firm has “Hold” rating given on Thursday, November 16 by Deutsche Bank. S&P Research maintained the shares of DE in report on Friday, September 25 with “Strong Sell” rating. The company was downgraded on Tuesday, August 15 by Bank of America. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, October 13. Citigroup maintained Deere & Company (NYSE:DE) on Wednesday, June 20 with “Buy” rating.

Since January 9, 2018, it had 0 buys, and 7 sales for $62.79 million activity. 11,235 shares were sold by Guinn Max A, worth $1.90M on Tuesday, January 16. Another trade for 15,083 shares valued at $2.52M was made by Gilles Jean H on Friday, February 23. 269,353 shares valued at $44.13 million were sold by ALLEN SAMUEL R on Wednesday, February 28. $3.76 million worth of Deere & Company (NYSE:DE) shares were sold by Field James M..

Parsec Financial Management Inc, which manages about $1.56B and $1.46 billion US Long portfolio, upped its stake in United Technologies Corp (NYSE:UTX) by 2,777 shares to 131,440 shares, valued at $16.54M in 2018Q1, according to the filing. It also increased its holding in Pepsico Inc (NYSE:PEP) by 2,905 shares in the quarter, for a total of 204,478 shares, and has risen its stake in Eli Lilly & Co (NYSE:LLY).

Analysts await Deere & Company (NYSE:DE) to report earnings on August, 17. They expect $2.76 EPS, up 40.10% or $0.79 from last year’s $1.97 per share. DE’s profit will be $895.03M for 12.97 P/E if the $2.76 EPS becomes a reality. After $3.14 actual EPS reported by Deere & Company for the previous quarter, Wall Street now forecasts -12.10% negative EPS growth.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.16, from 1.03 in 2017Q4. It turned negative, as 62 investors sold DE shares while 364 reduced holdings. 89 funds opened positions while 283 raised stakes. 210.24 million shares or 0.17% more from 209.89 million shares in 2017Q4 were reported. Lipe Dalton invested 1.57% of its portfolio in Deere & Company (NYSE:DE). Roberts Glore & Il holds 2,180 shares or 0.21% of its portfolio. Intll holds 6.64M shares or 1.19% of its portfolio. Moreover, Advisor Ptnrs Lc has 0.22% invested in Deere & Company (NYSE:DE) for 7,572 shares. Moreover, Pointstate Cap Lp has 1.44% invested in Deere & Company (NYSE:DE) for 851,227 shares. Highland Cap Mngmt Ltd Company holds 0.07% or 5,626 shares. 5,428 were reported by Wetherby Asset Mngmt Inc. Stonebridge holds 1,308 shares. Oakbrook Invs Limited Liability holds 15,065 shares. Eastern Bancshares holds 0.03% of its portfolio in Deere & Company (NYSE:DE) for 2,580 shares. The Illinois-based Hightower Advsr Ltd Liability has invested 0.15% in Deere & Company (NYSE:DE). Endurance Wealth Management reported 1,404 shares or 0.04% of all its holdings. Great Lakes Advsrs Limited reported 3,150 shares. Citadel Limited Liability Co holds 1.92M shares. Moreover, Insight 2811 has 0.38% invested in Deere & Company (NYSE:DE) for 3,400 shares.

British Columbia Investment Management Corp, which manages about $13.11B US Long portfolio, upped its stake in Resmed Inc (NYSE:RMD) by 14,209 shares to 87,733 shares, valued at $8.64 million in 2018Q1, according to the filing. It also increased its holding in General Dynamics Corp (NYSE:GD) by 5,356 shares in the quarter, for a total of 96,856 shares, and has risen its stake in Dover Corp (NYSE:DOV).

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.04, from 0.9 in 2017Q4. It dropped, 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. The Illinois-based Wolverine Asset Management Limited Liability Corporation has invested 0.07% in The Kroger Co. (NYSE:KR). Dynamic Advisor Solutions Ltd Llc holds 42,112 shares. Pinebridge Investments Ltd Partnership has invested 0% in The Kroger Co. (NYSE:KR). Parkwood Ltd Liability Corporation invested in 12,902 shares. Los Angeles Cap Equity Rech accumulated 70,455 shares. Hudock Gru Llc reported 0.01% stake. Boston Ltd Liability Company accumulated 26,604 shares or 0.02% of the stock. Monroe Bank Tru Mi owns 0.01% invested in The Kroger Co. (NYSE:KR) for 900 shares. First Commonwealth Fincl Pa invested in 0.9% or 35,710 shares. Bb&T Corporation holds 0.06% or 138,656 shares in its portfolio. Moreover, Old Second Fincl Bank Of Aurora has 0.01% invested in The Kroger Co. (NYSE:KR). 26,518 are held by Oppenheimer And Com Inc. 54,545 were reported by Atlantic Limited Liability Com. Reilly Financial Advsr Llc, a California-based fund reported 180 shares. Credit Suisse Ag invested 0.03% of its portfolio in The Kroger Co. (NYSE:KR).

Since January 22, 2018, it had 0 buys, and 5 insider sales for $2.36 million activity. Foley Todd A sold $92,844 worth of stock or 3,800 shares. $245,120 worth of The Kroger Co. (NYSE:KR) was sold by HJELM CHRISTOPHER T. Clark Robert W sold $325,292 worth of stock.

Among 37 analysts covering Kroger (NYSE:KR), 18 have Buy rating, 0 Sell and 19 Hold. Therefore 49% are positive. Kroger had 115 analyst reports since August 25, 2015 according to SRatingsIntel. Deutsche Bank maintained The Kroger Co. (NYSE:KR) rating on Friday, December 4. Deutsche Bank has “Buy” rating and $48 target. The stock has “Outperform” rating by Oppenheimer on Monday, March 7. The rating was initiated by Wells Fargo on Friday, December 18 with “Outperform”. The rating was upgraded by Jefferies on Friday, January 5 to “Buy”. The company was downgraded on Wednesday, June 15 by Wolfe Research. The stock of The Kroger Co. (NYSE:KR) has “Underweight” rating given on Tuesday, May 10 by Piper Jaffray. Deutsche Bank maintained the shares of KR in report on Thursday, September 17 with “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, July 18. On Monday, February 5 the stock rating was maintained by Scotia Capital with “Buy”. RBC Capital Markets upgraded the stock to “Outperform” rating in Thursday, March 23 report.

Deere & Company (NYSE:DE) Institutional Positions Chart

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