M&T Bank Corp lowered its position in Kroger Company (The) (NYSE:KR) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,439 shares of the company’s stock after selling 10,497 shares during the period. M&T Bank Corp’s holdings in Kroger Company (The) were worth $4,068,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Wealthfront Inc. bought a new position in shares of Kroger Company (The) in the second quarter valued at approximately $279,000. California Public Employees Retirement System raised its stake in shares of Kroger Company (The) by 4.8% in the second quarter. California Public Employees Retirement System now owns 2,217,638 shares of the company’s stock valued at $51,715,000 after acquiring an additional 101,600 shares during the last quarter. TIAA FSB bought a new position in shares of Kroger Company (The) in the second quarter valued at approximately $3,265,000. FMR LLC raised its stake 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 during the last quarter. Finally, Vanguard Group Inc. raised its stake 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 during the last quarter. Institutional investors own 75.82% of the company’s stock.

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

Kroger Company (NYSE KR) opened at 20.15 on Monday. The stock has a 50 day moving average of $22.65 and a 200 day moving average of $26.28. The firm has a market cap 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 earnings per share 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 company had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same period in the prior year, the company posted $0.47 earnings per share. Kroger Company (The)’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts predict that Kroger Company will post $1.97 EPS for the current fiscal year.

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

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

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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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