Chicago Equity Partners LLC Has $1.38 Million Stake in Kroger Company (The) (NYSE:KR)

Chicago Equity Partners LLC lowered its stake in Kroger Company (The) (NYSE:KR) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,320 shares of the company’s stock after selling 3,385 shares during the period. Chicago Equity Partners LLC’s holdings in Kroger Company (The) were worth $1,383,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Aldebaran Financial Inc. boosted its holdings in shares of Kroger Company (The) by 0.6% during the 1st quarter. Aldebaran Financial Inc. now owns 14,130 shares of the company’s stock valued at $417,000 after buying an additional 78 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Kroger Company (The) by 0.9% during the 2nd quarter. Savant Capital LLC now owns 10,617 shares of the company’s stock valued at $248,000 after buying an additional 90 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in shares of Kroger Company (The) by 0.7% during the 1st quarter. Cadence Capital Management LLC now owns 19,717 shares of the company’s stock valued at $581,000 after buying an additional 143 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in shares of Kroger Company (The) by 4.1% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock valued at $125,000 after buying an additional 171 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in shares of Kroger Company (The) by 1.7% during the 1st quarter. Peapack Gladstone Financial Corp now owns 11,189 shares of the company’s stock valued at $330,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.

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Kroger Company (NYSE:KR) traded up 1.36% on Friday, reaching $21.55. The company’s stock had a trading volume of 7,839,850 shares. The firm has a 50-day moving average of $22.89 and a 200 day moving average of $26.56. The company has a market capitalization of $19.24 billion, a price-to-earnings ratio of 13.04 and a beta of 0.79. Kroger Company has a 12-month low of $20.41 and a 12-month 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 analysts’ consensus estimates of $0.39. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The company had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same period last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Kroger Company will post $1.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders 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 yield of 2.35%. Kroger Company (The)’s payout ratio is 30.30%.

Kroger Company (The) declared that its Board of Directors has initiated a share repurchase program on Thursday, June 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 4.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

A number of analysts have recently commented on KR shares. Loop Capital restated a “hold” rating and set a $32.00 target price on shares of Kroger Company (The) in a report on Wednesday, May 24th. ValuEngine lowered Kroger Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BMO Capital Markets set a $32.00 price target on Kroger Company (The) and gave the stock a “hold” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $34.00 price target on shares of Kroger Company (The) in a research report on Tuesday, June 13th. Finally, Wells Fargo & Company reaffirmed a “buy” rating and issued a $28.00 price target (down previously from $35.00) on shares of Kroger Company (The) in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.58.

In related news, insider J Michael Schlotman acquired 2,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was bought at an average cost of $22.73 per share, with a total value of $45,460.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.85% of the stock is currently owned by company insiders.

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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