Shares of Kroger Co. (NYSE:KR) dropped 1.4% on Tuesday . The stock traded as low as $32.28 and last traded at $32.39, with a volume of 6,406,388 shares changing hands. The stock had previously closed at $32.86.

A number of analysts have recently commented on KR shares. Credit Suisse Group AG dropped their price target on Kroger from $36.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, May 12th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $42.00 price target on shares of Kroger in a research report on Friday, July 15th. Wolfe Research cut Kroger from a “peer perform” rating to an “underperform” rating in a research report on Thursday, July 28th. Cleveland Research cut Kroger from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Piper Jaffray Cos. started coverage on Kroger in a research report on Monday, May 9th. They issued an “underweight” rating and a $29.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $40.92.

The firm has a 50-day moving average of $34.66 and a 200 day moving average of $36.24. The stock has a market capitalization of $30.60 billion and a P/E ratio of 15.09.

Kroger (NYSE:KR) last announced its earnings results 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 last year, the business posted $0.63 EPS. The firm earned $34.61 billion during the quarter. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that Kroger Co. will post $2.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.49%. This is a boost from Kroger’s previous quarterly dividend of $0.11.

In other news, VP Oflen Mary Elizabeth Van sold 12,000 shares of Kroger stock in a transaction on Friday, July 8th. The shares were sold at an average price of $37.85, for a total transaction of $454,200.00. Following the completion of the sale, the vice president now directly owns 82,349 shares in the company, valued at $3,116,909.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several hedge funds and institutional investors have modified their holdings of KR. Calvert Investment Management Inc. boosted its position in shares of Kroger by 38.7% in the fourth quarter. Calvert Investment Management Inc. now owns 67,592 shares of the company’s stock valued at $2,827,000 after buying an additional 18,865 shares during the period. Bridgewater Associates LP acquired a new position in shares of Kroger during the fourth quarter valued at about $1,309,000. American International Group Inc. boosted its position in shares of Kroger by 4.5% in the fourth quarter. American International Group Inc. now owns 487,245 shares of the company’s stock valued at $20,380,000 after buying an additional 21,185 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Kroger during the fourth quarter valued at about $115,147,000. Finally, KBC Group NV boosted its position in shares of Kroger by 15.4% in the fourth quarter. KBC Group NV now owns 295,751 shares of the company’s stock valued at $12,372,000 after buying an additional 39,403 shares during the period.

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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