California Public Employees Retirement System increased its holdings in Kroger Company (The) (NYSE:KR) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,217,638 shares of the company’s stock after acquiring an additional 101,600 shares during the period. California Public Employees Retirement System owned about 0.25% of Kroger Company (The) worth $51,715,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings 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 valued at $2,124,067,000 after acquiring an additional 69,929,316 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Kroger Company (The) by 1.2% in the second quarter. Vanguard Group Inc. now owns 69,201,771 shares of the company’s stock valued at $1,613,786,000 after acquiring an additional 852,864 shares in the last quarter. FMR LLC grew its holdings in shares of Kroger Company (The) by 17.7% in the second quarter. FMR LLC now owns 49,409,616 shares of the company’s stock valued at $1,152,232,000 after acquiring an additional 7,446,349 shares in the last quarter. State Street Corp grew its holdings in shares of Kroger Company (The) by 0.7% in the first quarter. State Street Corp now owns 39,313,488 shares of the company’s stock valued at $1,159,353,000 after acquiring an additional 288,686 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Kroger Company (The) by 8.2% in the second quarter. Franklin Resources Inc. now owns 12,045,681 shares of the company’s stock valued at $280,904,000 after acquiring an additional 908,078 shares in the last quarter. 75.52% of the stock is owned by institutional investors.

In other news, insider J Michael Schlotman bought 2,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average price of $22.73 per share, for a total transaction of $45,460.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.85% of the stock is currently owned by insiders.

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

Shares of Kroger Company (NYSE:KR) opened at 20.15 on Friday. The company has a 50 day moving average price of $22.65 and a 200-day moving average price of $26.28. Kroger Company has a 12 month low of $20.04 and a 12 month high of $36.44. The stock has a market cap of $17.92 billion, a P/E ratio of 12.19 and a beta of 0.79.

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

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

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

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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.

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

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