Shell Asset Management Co. cut its position in shares of Kroger Company (The) (NYSE:KR) by 9.6% during the third quarter, Holdings Channel reports. The fund owned 79,090 shares of the company’s stock after selling 8,447 shares during the period. Shell Asset Management Co.’s holdings in Kroger Company (The) were worth $2,347,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KR. Nisa Investment Advisors LLC increased its stake in Kroger Company (The) by 22.7% in the second quarter. Nisa Investment Advisors LLC now owns 373,454 shares of the company’s stock worth $13,739,000 after buying an additional 69,140 shares during the period. LS Investment Advisors LLC increased its stake in Kroger Company (The) by 3.1% in the second quarter. LS Investment Advisors LLC now owns 29,886 shares of the company’s stock worth $1,100,000 after buying an additional 902 shares during the period. Hermes Investment Management Ltd. increased its stake in Kroger Company (The) by 22.0% in the second quarter. Hermes Investment Management Ltd. now owns 1,083,690 shares of the company’s stock worth $39,869,000 after buying an additional 195,058 shares during the period. Sanders Morris Harris Inc. increased its stake in Kroger Company (The) by 3.4% in the second quarter. Sanders Morris Harris Inc. now owns 6,133 shares of the company’s stock worth $226,000 after buying an additional 200 shares during the period. Finally, Ledyard National Bank increased its stake in Kroger Company (The) by 16.2% in the second quarter. Ledyard National Bank now owns 4,300 shares of the company’s stock worth $158,000 after buying an additional 600 shares during the period. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Kroger Company (The) (NYSE:KR)

Kroger Company (NYSE:KR) traded up 1.64% on Friday, hitting $34.07. The stock had a trading volume of 5,248,773 shares. The stock has a market capitalization of $31.96 billion, a price-to-earnings ratio of 16.37 and a beta of 0.75. Kroger Company has a 1-year low of $28.71 and a 1-year high of $40.91. The company has a 50-day moving average price of $34.09 and a 200-day moving average price of $33.05.

Kroger Company (The) (NYSE:KR) last announced its quarterly earnings data on Thursday, December 1st. The company reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. Kroger Company (The) had a return on equity of 31.48% and a net margin of 1.77%. The company earned $26.56 billion during the quarter, compared to analyst estimates of $26.43 billion. During the same quarter last year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts predict that Kroger Company will post $2.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.43%. Kroger Company (The)’s dividend payout ratio (DPR) is currently 23.08%.

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KR has been the topic of a number of recent research reports. RBC Capital Markets reiterated a “sector perform” rating and issued a $37.00 price objective on shares of Kroger Company (The) in a report on Friday, September 16th. Barclays PLC initiated coverage on shares of Kroger Company (The) in a report on Friday, September 23rd. They issued an “equal weight” rating and a $33.00 price objective on the stock. Jefferies Group set a $32.00 price objective on shares of Kroger Company (The) and gave the company a “hold” rating in a report on Saturday, October 1st. Zacks Investment Research downgraded shares of Kroger Company (The) from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $40.00 target price on shares of Kroger Company (The) in a report on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Kroger Company (The) has a consensus rating of “Hold” and a consensus price target of $37.27.

In other Kroger Company (The) news, insider Michael Joseph Donnelly sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $34.35, for a total value of $343,500.00. Following the completion of the transaction, the insider now owns 238,660 shares in the company, valued at approximately $8,197,971. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher T. Hjelm sold 15,120 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $33.25, for a total value of $502,740.00. Following the completion of the transaction, the insider now owns 240,433 shares of the company’s stock, valued at approximately $7,994,397.25. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

About Kroger Company (The)

The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company 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.

5 Day Chart for NYSE:KR

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