CIBC Asset Management Inc increased its stake in shares of Kroger Company (The) (NYSE:KR) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,231 shares of the company’s stock after buying an additional 54 shares during the period. CIBC Asset Management Inc’s holdings in Kroger Company (The) were worth $2,174,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Tompkins Financial Corp increased its position in shares of Kroger Company (The) by 2,059.1% in the first quarter. Tompkins Financial Corp now owns 11,875 shares of the company’s stock valued at $454,000 after buying an additional 11,325 shares during the period. Baldwin Brothers Inc. MA increased its position in shares of Kroger Company (The) by 23.4% in the first quarter. Baldwin Brothers Inc. MA now owns 5,000 shares of the company’s stock valued at $147,000 after buying an additional 948 shares during the period. Atria Investments LLC increased its position in shares of Kroger Company (The) by 6.3% in the first quarter. Atria Investments LLC now owns 14,351 shares of the company’s stock valued at $423,000 after buying an additional 855 shares during the period. Honkamp Krueger Financial Services Inc. increased its position in shares of Kroger Company (The) by 4.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 8,496 shares of the company’s stock valued at $251,000 after buying an additional 391 shares during the period. Finally, Horrell Capital Management Inc. increased its position in shares of Kroger Company (The) by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 54,520 shares of the company’s stock valued at $1,608,000 after buying an additional 200 shares during the period. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Company (NYSE KR) opened at 24.37 on Tuesday. The stock has a 50 day moving average price of $23.58 and a 200-day moving average price of $28.89. Kroger Company has a one year low of $20.46 and a one year high of $36.44. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of 14.67 and a beta of 0.76.

Kroger Company (The) (NYSE:KR) last posted its earnings results on Thursday, June 15th. The company reported $0.58 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. Kroger Company (The) had a return on equity of 29.10% and a net margin of 1.35%. The business had revenue of $36.29 billion during the quarter, compared to the consensus estimate of $35.69 billion. During the same period in the previous year, the business earned $0.70 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts predict that Kroger Company will post $1.98 earnings per share for the current fiscal year.

Kroger Company (The) announced that its board has authorized a stock buyback plan on Thursday, June 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.125 dividend. This is an increase from Kroger Company (The)’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, August 11th. Kroger Company (The)’s payout ratio is presently 28.92%.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/08/cibc-asset-management-inc-has-2-17-million-position-in-kroger-company-the-kr.html.

KR has been the subject of several research reports. Loop Capital initiated coverage on Kroger Company (The) in a report on Monday, May 15th. They issued a “hold” rating and a $32.00 target price for the company. TheStreet cut Kroger Company (The) from a “b” rating to a “c+” rating in a report on Thursday, June 15th. Wells Fargo & Company reiterated an “outperform” rating and issued a $28.00 target price on shares of Kroger Company (The) in a report on Sunday, July 2nd. Vetr cut Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $33.46 target price for the company. in a report on Wednesday, May 10th. Finally, BMO Capital Markets set a $32.00 target price on Kroger Company (The) and gave the stock a “hold” rating in a report on Saturday, June 10th. Nineteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Kroger Company (The) has a consensus rating of “Hold” and an average price target of $30.51.

In other news, insider J Michael Schlotman bought 2,000 shares of Kroger Company (The) stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of $22.73 per share, with a total value of $45,460.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan M. Phillips sold 6,200 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $21.17, for a total value of $131,254.00. Following the completion of the sale, the director now directly owns 124,105 shares of the company’s stock, valued at $2,627,302.85. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

About Kroger Company (The)

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Company (The) (NYSE:KR).

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

Receive News & Ratings for Kroger Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.