Kroger Co. (NYSE:KR) fell 1.4% on Tuesday . The company 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.

Several research firms have commented on KR. SunTrust Banks Inc. began coverage on shares of Kroger in a research report on Tuesday, May 3rd. They issued a “neutral” rating and a $39.00 target price for the company. Zacks Investment Research upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, May 4th. Credit Suisse Group AG decreased their target price on shares of Kroger from $36.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, May 12th. Jefferies Group reaffirmed a “hold” rating on shares of Kroger in a research note on Friday, May 20th. Finally, Wolfe Research lowered shares of Kroger from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 15th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $40.85.

The company has a 50-day moving average of $34.54 and a 200 day moving average of $36.21. The firm has a market cap of $31.31 billion and a P/E ratio of 15.44.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, June 16th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. During the same period last year, the company posted $0.63 EPS. The business had revenue of $34.61 billion for the quarter. Kroger’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research 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. Investors of record on Monday, August 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.45%. This is a boost from Kroger’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, August 11th.

In related news, VP Oflen Mary Elizabeth Van sold 12,000 shares of Kroger stock in a transaction that occurred 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 transaction, the vice president now owns 82,349 shares of the company’s stock, valued at approximately $3,116,909.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of hedge funds and institutional investors recently made changes to their positions in the stock. I.G. Investment Management LTD. raised its position 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 worth $3,109,000 after buying an additional 6,922 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of Kroger during the fourth quarter worth $4,944,000. Finally, American International Group Inc. raised 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 worth $20,380,000 after buying an additional 21,185 shares during 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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