Bingham Osborn & Scarborough LLC boosted its position in shares of Kroger Company (The) (NYSE:KR) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,278 shares of the company’s stock after buying an additional 60 shares during the period. Bingham Osborn & Scarborough LLC’s holdings in Kroger Company (The) were worth $1,079,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KR. BlackRock Inc. increased its position in shares of Kroger Company (The) by 3,334.2% in the first quarter. BlackRock Inc. now owns 72,026,662 shares of the company’s stock worth $2,124,067,000 after buying an additional 69,929,316 shares during the last quarter. FMR LLC increased its position in shares of Kroger Company (The) by 54.1% in the first quarter. FMR LLC now owns 41,963,267 shares of the company’s stock worth $1,237,497,000 after buying an additional 14,723,540 shares during the last quarter. CI Global Investments Inc. bought a new position in shares of Kroger Company (The) during the first quarter worth about $270,002,000. Vanguard Group Inc. increased its position in shares of Kroger Company (The) by 15.3% in the first quarter. Vanguard Group Inc. now owns 68,348,907 shares of the company’s stock worth $2,015,609,000 after buying an additional 9,054,273 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Kroger Company (The) by 74.3% in the first quarter. Wells Fargo & Company MN now owns 8,421,749 shares of the company’s stock worth $248,358,000 after buying an additional 3,589,125 shares during the last quarter. Institutional investors own 77.44% of the company’s stock.

Kroger Company (KR) opened at 23.49 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 $21.08 billion, a PE ratio of 14.14 and a beta of 0.76. The stock has a 50 day moving average of $23.43 and a 200 day moving average of $28.42.

Kroger Company (The) (NYSE:KR) last issued its earnings results on Thursday, June 15th. The company reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. The firm had revenue of $36.29 billion for 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%. Kroger Company (The)’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. Equities research analysts predict that Kroger Company will post $1.98 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.13%. This is a positive change from Kroger Company (The)’s previous quarterly dividend of $0.12. Kroger Company (The)’s dividend payout ratio is currently 28.92%.

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A number of research firms have recently weighed in on KR. Stephens began coverage on shares of Kroger Company (The) in a research report on Friday. They issued an “underweight” rating and a $20.00 target price on the stock. Vetr raised shares of Kroger Company (The) from a “buy” rating to a “strong-buy” rating and set a $27.01 target price on the stock in a research report on Wednesday. BidaskClub raised shares of Kroger Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank Of Canada set a $34.00 target price on shares of Kroger Company (The) and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $28.00 target price on shares of Kroger Company (The) in a research report on Sunday, July 2nd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger Company (The) has a consensus rating of “Hold” and an average target price of $30.09.

In other Kroger Company (The) news, Director Susan M. Phillips sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $21.17, for a total value 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 $2,627,302.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider J Michael Schlotman purchased 2,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was bought at an average cost of $22.73 per share, with a total value of $45,460.00. The disclosure for this purchase can be found here. 0.85% 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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