Kroger Co. (NYSE:KR) shares traded down 4.4% during mid-day trading on Tuesday . The stock traded as low as $32.49 and last traded at $32.51, with a volume of 8,912,278 shares. The stock had previously closed at $34.01.

Several research analysts have issued reports on the stock. Morgan Stanley reiterated a “buy” rating on shares of Kroger in a report on Wednesday, April 6th. JPMorgan Chase & Co. lowered their price target on shares of Kroger from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, April 8th. Vetr cut shares of Kroger from a “strong-buy” rating to a “buy” rating and set a $42.22 price target on the stock. in a report on Wednesday, April 13th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $42.00 price target on shares of Kroger in a report on Friday, July 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $39.00 price target on shares of Kroger in a report on Monday, June 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $40.92.

The stock has a 50 day moving average of $36.05 and a 200 day moving average of $36.89. The firm has a market cap of $30.95 billion and a P/E ratio of 15.26.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, June 16th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. During the same period in the prior year, the firm earned $0.63 earnings per share. The firm earned $34.61 billion during the quarter. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts forecast that Kroger Co. will post $2.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be issued a $0.12 dividend. This is a boost from Kroger’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, August 11th.

In other news, VP Oflen Mary Elizabeth Van sold 12,000 shares of the stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $37.85, for a total value of $454,200.00. Following the completion of the sale, the vice president now directly owns 82,349 shares of the company’s stock, valued at $3,116,909.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher Conlon sold 15,000 shares of the stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $35.43, for a total value of $531,450.00. Following the completion of the sale, the executive vice president now directly owns 15,000 shares of the company’s stock, valued at $531,450. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. Pittenger & Anderson Inc. increased its stake in shares of Kroger by 8,333.3% in the fourth quarter. Pittenger & Anderson Inc. now owns 25,300 shares of the company’s stock valued at $1,058,000 after buying an additional 25,000 shares in the last quarter. WBI Investments Inc. increased its stake in shares of Kroger by 0.9% in the fourth quarter. WBI Investments Inc. now owns 29,435 shares of the company’s stock valued at $1,231,000 after buying an additional 267 shares in the last quarter. EQIS Capital Management increased its stake in shares of Kroger by 220.2% in the fourth quarter. EQIS Capital Management now owns 36,853 shares of the company’s stock valued at $1,542,000 after buying an additional 25,343 shares in the last quarter. Strategic Global Advisors LLC increased its stake in shares of Kroger by 5.2% in the fourth quarter. Strategic Global Advisors LLC now owns 72,098 shares of the company’s stock valued at $3,016,000 after buying an additional 3,594 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its stake in shares of Kroger by 10.3% in the fourth quarter. I.G. Investment Management LTD. now owns 74,334 shares of the company’s stock valued at $3,109,000 after buying an additional 6,922 shares in the last quarter.

The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated, either directly or through its subsidiaries, approximately 2,625 supermarkets and multi-department stores, approximately 1,330 of which had fuel centers.

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