NEXT Financial Group Inc trimmed its holdings in Kroger Company (The) (NYSE:KR) by 22.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,494 shares of the company’s stock after selling 6,699 shares during the period. NEXT Financial Group Inc’s holdings in Kroger Company (The) were worth $500,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Howe & Rusling Inc. bought a new stake in shares of Kroger Company (The) during the 3rd quarter worth $103,000. Dupont Capital Management Corp bought a new stake in shares of Kroger Company (The) during the 2nd quarter worth $105,000. Cedar Wealth Management LLC boosted its holdings in shares of Kroger Company (The) by 155.9% during the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock worth $116,000 after buying an additional 3,040 shares during the period. Grove Bank & Trust boosted its holdings in shares of Kroger Company (The) by 9.3% during the 2nd quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock worth $124,000 after buying an additional 450 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of Kroger Company (The) during the 2nd quarter worth $128,000. 75.76% of the stock is owned by institutional investors.

KR has been the subject of several recent analyst reports. Royal Bank Of Canada set a $34.00 price objective on shares of Kroger Company (The) and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research downgraded shares of Kroger Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Oppenheimer Holdings, Inc. downgraded shares of Kroger Company (The) to a “market perform” rating and decreased their price objective for the stock from $28.00 to $23.00 in a report on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Kroger Company (The) in a report on Friday, August 25th. Finally, Northcoast Research raised shares of Kroger Company (The) from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Nineteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.10.

Shares of Kroger Company (KR) traded down $0.45 during trading on Tuesday, hitting $22.76. 3,751,492 shares of the company were exchanged, compared to its average volume of 12,130,838. The firm has a market cap of $20,640.00, a PE ratio of 12.26, a P/E/G ratio of 1.81 and a beta of 0.83. The company has a quick ratio of 0.33, a current ratio of 0.87 and a debt-to-equity ratio of 2.13. Kroger Company has a 1-year low of $19.69 and a 1-year high of $36.44.

Kroger Company (The) (NYSE:KR) last announced its earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. equities analysts predict that Kroger Company will post 1.99 EPS for the current year.

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 given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio (DPR) is currently 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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