Stephens Inc. AR raised its stake in Kroger Company (The) (NYSE:KR) by 200.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,507 shares of the company’s stock after buying an additional 87,046 shares during the period. Stephens Inc. AR’s holdings in Kroger Company (The) were worth $3,043,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. 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 valued at $109,000 after buying an additional 502 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position 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 valued at $125,000 after buying an additional 171 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in Kroger Company (The) in the second quarter valued at approximately $105,000. 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 valued at $116,000 after buying an additional 3,040 shares in the last quarter. Finally, 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 valued at $122,000 after buying an additional 4,800 shares in the last quarter. Hedge funds and other institutional investors own 74.63% of the company’s stock.

A number of brokerages have recently commented on KR. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $28.00 price target on shares of Kroger Company (The) in a report on Tuesday, September 5th. J P Morgan Chase & Co lowered shares of Kroger Company (The) from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $34.00 to $24.00 in a report on Friday, June 16th. Morgan Stanley lowered shares of Kroger Company (The) from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $40.00 to $30.00 in a report on Monday, June 19th. TheStreet lowered shares of Kroger Company (The) from a “b” rating to a “c+” rating in a report on Thursday, June 15th. Finally, Royal Bank Of Canada set a $34.00 price target on shares of Kroger Company (The) and gave the stock a “buy” rating in a report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.58.

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Kroger Company (NYSE KR) traded up 1.1654% during midday trading on Wednesday, reaching $21.8315. 798,935 shares of the company’s stock traded hands. The stock has a market cap of $19.50 billion, a P/E ratio of 13.2072 and a beta of 0.79. The company’s 50-day moving average price is $23.07 and its 200-day moving average price is $26.72. Kroger Company has a 52-week low of $20.41 and a 52-week high of $36.44.

Kroger Company (The) (NYSE:KR) last posted its earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The firm had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same period last year, the company posted $0.47 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict that Kroger Company will post $1.97 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.32%. This is a boost from Kroger Company (The)’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 11th. Kroger Company (The)’s dividend payout ratio (DPR) is currently 30.30%.

In other news, 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 completion of the sale, 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 filing with the SEC, which is available at the SEC website. Also, insider J Michael Schlotman bought 2,000 shares of the company’s stock in a transaction dated 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. Company insiders own 0.87% of the company’s stock.

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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