Financial Advisory Service Inc. boosted its position in Kroger Company (The) (NYSE:KR) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,500 shares of the company’s stock after buying an additional 1 shares during the period. Financial Advisory Service Inc.’s holdings in Kroger Company (The) were worth $222,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in KR. Signature Estate & Investment Advisors LLC purchased a new position in Kroger Company (The) during the first quarter worth about $102,000. Advantage Investment Management LLC boosted its position in Kroger Company (The) by 15.8% in the first quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock worth $109,000 after buying an additional 502 shares during the period. Cedar Wealth Management LLC boosted its position in Kroger Company (The) by 155.9% in the second quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock worth $116,000 after buying an additional 3,040 shares during the period. CWM LLC boosted its position in Kroger Company (The) by 1,162.2% in the second quarter. CWM LLC now owns 5,213 shares of the company’s stock worth $122,000 after buying an additional 4,800 shares during the period. Finally, Grove Bank & Trust boosted its position in Kroger Company (The) by 9.3% in the second quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock worth $124,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 77.44% of the company’s stock.

Shares of Kroger Company (KR) opened at 24.37 on Tuesday. The firm’s 50-day moving average is $23.58 and its 200 day moving average is $28.89. The firm has a market capitalization of $21.87 billion, a P/E ratio of 14.67 and a beta of 0.76. Kroger Company has a 12 month low of $20.46 and a 12 month high of $36.44.

Kroger Company (The) (NYSE:KR) last released its earnings results on Thursday, June 15th. The company reported $0.58 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.58. Kroger Company (The) had a net margin of 1.35% and a return on equity of 29.10%. The firm had revenue of $36.29 billion during the quarter, compared to the consensus estimate of $35.69 billion. During the same period in the prior year, the firm earned $0.70 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Kroger Company will post $1.98 EPS for the current year.

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

Kroger Company (The) announced that its Board of Directors has approved a share buyback plan on Thursday, June 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 4.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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A number of equities analysts have issued reports on KR shares. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 target price on shares of Kroger Company (The) in a report on Friday, May 12th. Deutsche Bank AG reiterated a “buy” rating on shares of Kroger Company (The) in a report on Friday, May 12th. Vetr cut Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $33.46 price objective for the company. in a report on Wednesday, May 10th. Wells Fargo & Company restated a “buy” rating and issued a $28.00 price objective (down previously from $35.00) on shares of Kroger Company (The) in a report on Monday, June 12th. Finally, Argus restated a “buy” rating on shares of Kroger Company (The) in a report on Monday, June 19th. Nineteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Kroger Company (The) presently has an average rating of “Hold” and an average target price of $30.51.

In other news, Director Susan M. Phillips sold 6,200 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $21.17, for a total transaction of $131,254.00. Following the completion of the transaction, the director now directly owns 124,105 shares of the company’s stock, valued at approximately $2,627,302.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Joseph Donnelly sold 17,600 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $30.01, for a total transaction of $528,176.00. Following the transaction, the insider now directly owns 249,208 shares of the company’s stock, valued at $7,478,732.08. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate 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.

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

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