Wealthfront Inc. bought a new stake in shares of Kroger Company (The) (NYSE:KR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,947 shares of the company’s stock, valued at approximately $279,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Nova Scotia boosted its stake in shares of Kroger Company (The) by 906.4% during the 1st quarter. Bank of Nova Scotia now owns 211,840 shares of the company’s stock valued at $6,247,000 after buying an additional 190,790 shares during the last quarter. Holderness Investments Co. purchased a new position in shares of Kroger Company (The) during the 1st quarter valued at approximately $277,000. Hosking Partners LLP boosted its stake in shares of Kroger Company (The) by 10.2% during the 1st quarter. Hosking Partners LLP now owns 528,328 shares of the company’s stock valued at $15,580,000 after buying an additional 48,785 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Kroger Company (The) by 10.8% during the 1st quarter. NEXT Financial Group Inc now owns 9,177 shares of the company’s stock valued at $272,000 after buying an additional 898 shares during the last quarter. Finally, Cardinal Capital Management Inc. purchased a new position in shares of Kroger Company (The) during the 2nd quarter valued at approximately $455,000. Institutional investors own 75.52% of the company’s stock.

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Several equities analysts have recently commented on KR shares. ValuEngine cut Kroger Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BMO Capital Markets set a $32.00 target price on Kroger Company (The) and gave the company a “hold” rating in a research note on Saturday, June 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $34.00 target price on shares of Kroger Company (The) in a research note on Tuesday, June 13th. Wells Fargo & Company reiterated a “buy” rating and set a $28.00 target price (down from $35.00) on shares of Kroger Company (The) in a research note on Monday, June 12th. Finally, Bank of America Corporation cut Kroger Company (The) from a “buy” rating to a “neutral” rating in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger Company (The) presently has an average rating of “Hold” and a consensus target price of $28.58.

In other Kroger Company (The) news, insider J Michael Schlotman acquired 2,000 shares of Kroger Company (The) stock in a transaction on Monday, June 26th. The shares were bought at an average price of $22.73 per share, with a total value of $45,460.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is currently owned by insiders.

Kroger Company (NYSE KR) opened at 20.15 on Friday. The stock’s 50 day moving average price is $22.65 and its 200-day moving average price is $26.28. The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 12.19 and a beta of 0.79. Kroger Company has a one year low of $20.04 and a one year high of $36.44.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings data on Friday, September 8th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $27.60 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, equities research analysts anticipate that Kroger Company will post $1.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio is currently 30.30%.

Kroger Company (The) announced that its board has authorized a share repurchase program 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 programs are typically an indication that the company’s leadership believes its stock is undervalued.

Kroger Company (The) 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.

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

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