Hengehold Capital Management LLC boosted its stake in Kroger Company (The) (NYSE:KR) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,144 shares of the company’s stock after buying an additional 601 shares during the period. Hengehold Capital Management LLC’s holdings in Kroger Company (The) were worth $376,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aldebaran Financial Inc. raised its stake in shares of Kroger Company (The) by 0.6% in the first quarter. Aldebaran Financial Inc. now owns 14,130 shares of the company’s stock worth $417,000 after buying an additional 78 shares in the last quarter. Cadence Capital Management LLC raised its stake in shares of Kroger Company (The) by 0.7% in the first quarter. Cadence Capital Management LLC now owns 19,717 shares of the company’s stock worth $581,000 after buying an additional 143 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Kroger Company (The) by 4.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock worth $125,000 after buying an additional 171 shares in the last quarter. Savant Capital LLC raised its stake in shares of Kroger Company (The) by 1.7% in the first quarter. Savant Capital LLC now owns 10,527 shares of the company’s stock worth $310,000 after buying an additional 171 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its stake in shares of Kroger Company (The) by 1.7% in the first quarter. Peapack Gladstone Financial Corp now owns 11,189 shares of the company’s stock worth $330,000 after buying an additional 189 shares in the last quarter. 77.84% of the stock is owned by institutional investors.
Kroger Company (NYSE KR) traded up 1.42% during trading on Wednesday, hitting $22.87. 4,282,256 shares of the stock traded hands. The company has a market cap of $20.52 billion, a P/E ratio of 13.77 and a beta of 0.75. Kroger Company has a 12 month low of $20.46 and a 12 month high of $36.55. The company’s 50 day moving average price is $25.38 and its 200 day moving average price is $29.56.
Kroger Company (The) (NYSE:KR) last released its earnings results on Thursday, June 15th. The company reported $0.58 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The firm had revenue of $36.29 billion during the quarter, compared to analyst estimates of $35.69 billion. Kroger Company (The) had a return on equity of 29.10% and a net margin of 1.35%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 earnings per share. On average, equities research analysts anticipate that Kroger Company will post $1.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.50 dividend. This is a positive change from Kroger Company (The)’s previous quarterly dividend of $0.12. This represents a $2.00 annualized dividend and a yield of 8.87%. The ex-dividend date is Friday, August 11th. Kroger Company (The)’s dividend payout ratio is presently 28.92%.
Kroger Company (The) announced that its Board of Directors has approved 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 typically a sign that the company’s board of directors believes its stock is undervalued.
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A number of analysts have recently issued reports on the stock. Loop Capital assumed coverage on shares of Kroger Company (The) in a research note on Monday, May 15th. They set a “hold” rating and a $32.00 target price for the company. TheStreet lowered shares of Kroger Company (The) from a “b” rating to a “c+” rating in a research note on Thursday, June 15th. Wells Fargo & Company reissued an “outperform” rating and set a $28.00 target price on shares of Kroger Company (The) in a research note on Sunday, July 2nd. Vetr lowered shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $33.46 target price for the company. in a research note on Wednesday, May 10th. Finally, BMO Capital Markets set a $32.00 target price on shares of Kroger Company (The) and gave the company a “hold” rating in a research note on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Kroger Company (The) presently has an average rating of “Hold” and a consensus target price of $30.51.
In other Kroger Company (The) news, Director Susan M. Phillips sold 6,200 shares of the company’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $21.17, for a total transaction of $131,254.00. Following the completion of the sale, the director now directly owns 124,105 shares in the company, valued at $2,627,302.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Oflen Mary Elizabeth Van sold 8,000 shares of the company’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $30.04, for a total value of $240,320.00. Following the sale, the vice president now owns 65,564 shares of the company’s stock, valued at $1,969,542.56. The disclosure for this sale can be found here. Insiders sold 54,200 shares of company stock valued at $1,571,750 over the last quarter. Insiders own 0.87% of the company’s stock.
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.
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