State of Wisconsin Investment Board cut its position in Kroger Company (The) (NYSE:KR) by 26.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 817,748 shares of the company’s stock after selling 295,911 shares during the period. State of Wisconsin Investment Board owned approximately 0.09% of Kroger Company (The) worth $16,404,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in KR. NN Investment Partners Holdings N.V. increased its holdings in shares of Kroger Company (The) by 40.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 44,222 shares of the company’s stock valued at $1,031,000 after purchasing an additional 12,719 shares during the period. Creative Planning boosted its stake in shares of Kroger Company (The) by 43.3% in the second quarter. Creative Planning now owns 98,924 shares of the company’s stock worth $2,307,000 after buying an additional 29,909 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Kroger Company (The) by 1.0% in the second quarter. Fisher Asset Management LLC now owns 214,609 shares of the company’s stock worth $5,005,000 after buying an additional 2,111 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Kroger Company (The) by 13.3% in the second quarter. State of Alaska Department of Revenue now owns 125,019 shares of the company’s stock worth $2,915,000 after buying an additional 14,704 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of Kroger Company (The) by 10.8% in the second quarter. National Pension Service now owns 808,888 shares of the company’s stock worth $18,799,000 after buying an additional 78,937 shares during the last quarter. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kroger Company (NYSE:KR) opened at $22.08 on Monday. Kroger Company has a fifty-two week low of $19.69 and a fifty-two week high of $36.44. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.87 and a quick ratio of 0.33. The company has a market capitalization of $19,640.00, a P/E ratio of 11.56, a P/E/G ratio of 1.70 and a beta of 0.83.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The firm had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. research analysts forecast that Kroger Company will post 2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 annualized dividend and a dividend yield of 2.26%. Kroger Company (The)’s dividend payout ratio is presently 30.30%.

ILLEGAL ACTIVITY WARNING: This story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/11/13/state-of-wisconsin-investment-board-cuts-stake-in-kroger-company-the-kr.html.

A number of brokerages have recently commented on KR. Jefferies Group LLC lowered their target price on Kroger Company (The) from $24.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, September 11th. BidaskClub upgraded Kroger Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Vetr upgraded 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 note on Wednesday, August 9th. UBS AG downgraded Kroger Company (The) from an “outperform” rating to a “market perform” rating in a research note on Friday, September 8th. Finally, Hilliard Lyons restated a “buy” rating and issued a $30.00 target price on shares of Kroger Company (The) in a research note on Tuesday, September 12th. Nineteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.14.

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.

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Company (The) (NYSE:KR).

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

Receive News & Ratings for Kroger Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.