B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund boosted its position in Kroger Company (The) (NYSE:KR) by 21.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,421 shares of the company’s stock after buying an additional 13,000 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Kroger Company (The) were worth $1,689,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Perennial Advisors LLC boosted its stake in shares of Kroger Company (The) by 17.7% in the first quarter. Perennial Advisors LLC now owns 33,290 shares of the company’s stock worth $982,000 after buying an additional 5,015 shares during the period. Dowling & Yahnke LLC boosted its stake in shares of Kroger Company (The) by 7.4% in the first quarter. Dowling & Yahnke LLC now owns 44,350 shares of the company’s stock worth $1,308,000 after buying an additional 3,050 shares during the period. Selway Asset Management purchased a new stake in shares of Kroger Company (The) during the first quarter worth about $492,000. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Kroger Company (The) by 23,025.9% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 601,274 shares of the company’s stock worth $17,731,000 after buying an additional 598,674 shares during the period. Finally, Hennessy Advisors Inc. boosted its stake in shares of Kroger Company (The) by 37.8% in the first quarter. Hennessy Advisors Inc. now owns 63,800 shares of the company’s stock worth $1,881,000 after buying an additional 17,500 shares during the period. Institutional investors and hedge funds own 77.33% of the company’s stock.

Kroger Company (KR) opened at 21.74 on Friday. Kroger Company has a 1-year low of $20.46 and a 1-year high of $36.44. The company’s 50-day moving average is $23.31 and its 200 day moving average is $27.63. The company has a market cap of $19.51 billion, a price-to-earnings ratio of 13.09 and a beta of 0.76. Kroger Company (The) also was the recipient of some unusual options trading on Thursday. Traders purchased 12,887 put options on the stock. This is an increase of 392% compared to the typical daily volume of 2,621 put options.

Kroger Company (The) (NYSE:KR) last posted its earnings results on Thursday, June 15th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. Kroger Company (The) had a return on equity of 29.10% and a net margin of 1.35%. The firm had revenue of $36.29 billion for the quarter, compared to analysts’ expectations of $35.69 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Kroger Company will post $1.98 EPS for the current fiscal year.

Kroger Company (The) declared that its board has initiated a stock buyback plan on Thursday, June 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 4.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Kroger Company (The)’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 2.30%. Kroger Company (The)’s payout ratio is 30.12%.

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A number of equities research analysts recently issued reports on the stock. BMO Capital Markets set a $32.00 target price on shares of Kroger Company (The) and gave the stock a “hold” rating in a research report on Saturday, June 10th. Deutsche Bank AG reiterated a “buy” rating on shares of Kroger Company (The) in a research report on Friday, May 12th. 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. Finally, Vetr cut 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 report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger Company (The) has an average rating of “Hold” and an average price target of $30.09.

In other news, Director Susan M. Phillips sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $21.17, for a total transaction of $131,254.00. Following the transaction, the director now directly owns 124,105 shares of the company’s stock, valued at $2,627,302.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider J Michael Schlotman bought 2,000 shares of Kroger Company (The) stock in a transaction dated Monday, June 26th. The shares were acquired at an average cost of $22.73 per share, for a total transaction of $45,460.00. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by insiders.

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.

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

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