Advisor Partners LLC boosted its position in Kroger Company (The) (NYSE:KR) by 9.3% during the second quarter, Holdings Channel reports. The institutional investor owned 14,070 shares of the company’s stock after buying an additional 1,195 shares during the period. Advisor Partners LLC’s holdings in Kroger Company (The) were worth $328,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Aldebaran Financial Inc. increased its stake in Kroger Company (The) by 0.6% in the first quarter. Aldebaran Financial Inc. now owns 14,130 shares of the company’s stock worth $417,000 after buying an additional 78 shares in the last quarter. Cadence Capital Management LLC increased its stake in Kroger Company (The) by 0.7% in the first quarter. Cadence Capital Management LLC now owns 19,717 shares of the company’s stock worth $581,000 after buying an additional 143 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in Kroger Company (The) by 4.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock worth $125,000 after buying an additional 171 shares in the last quarter. Savant Capital LLC increased its stake in Kroger Company (The) by 1.7% in the first quarter. Savant Capital LLC now owns 10,527 shares of the company’s stock worth $310,000 after buying an additional 171 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in Kroger Company (The) by 1.7% in the first quarter. Peapack Gladstone Financial Corp now owns 11,189 shares of the company’s stock worth $330,000 after buying an additional 189 shares in the last quarter. 77.44% of the stock is owned by institutional investors and hedge funds.

Shares of Kroger Company (NYSE KR) opened at 23.57 on Friday. Kroger Company has a 52 week low of $20.46 and a 52 week high of $36.44. The company has a market cap of $21.15 billion, a price-to-earnings ratio of 14.19 and a beta of 0.76. The firm’s 50-day moving average price is $23.41 and its 200 day moving average price is $28.49.

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

The company also recently disclosed 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 a positive change from Kroger Company (The)’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.12%. Kroger Company (The)’s dividend payout ratio (DPR) is presently 28.92%.

Kroger Company (The) declared that its Board of Directors has authorized a share buyback plan on Thursday, June 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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A number of analysts have issued reports on the company. BMO Capital Markets set a $32.00 target price on Kroger Company (The) and gave the stock a “hold” rating in a research report on Saturday, June 10th. UBS AG reiterated a “neutral” rating and issued a $27.00 price target (down from $32.00) on shares of Kroger Company (The) in a research report on Friday, June 16th. Bank of America Corporation cut Kroger Company (The) from a “buy” rating to a “neutral” rating in a research report on Thursday, June 15th. Loop Capital reiterated a “hold” rating and issued a $32.00 price target on shares of Kroger Company (The) in a research report on Wednesday, May 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $26.00 price target (down from $30.00) on shares of Kroger Company (The) in a research report on Friday, June 16th. Eighteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.55.

In other news, insider J Michael Schlotman acquired 2,000 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average price of $22.73 per share, for a total transaction of $45,460.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan M. Phillips sold 6,200 shares of the firm’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 transaction, the director now owns 124,105 shares of the company’s stock, valued at approximately $2,627,302.85. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Kroger Company (The) Company Profile

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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