Hosking Partners LLP raised its stake in shares of Kroger Company (The) (NYSE:KR) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 536,993 shares of the company’s stock after buying an additional 8,665 shares during the period. Hosking Partners LLP owned about 0.06% of Kroger Company (The) worth $12,523,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KR. Tocqueville Asset Management L.P. boosted its stake in shares of Kroger Company (The) by 6.3% during the 1st quarter. Tocqueville Asset Management L.P. now owns 163,321 shares of the company’s stock valued at $4,816,000 after buying an additional 9,750 shares during the period. Canal Capital Management LLC acquired a new stake in shares of Kroger Company (The) during the 1st quarter valued at $233,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Kroger Company (The) by 3.3% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 144,557 shares of the company’s stock valued at $4,263,000 after buying an additional 4,678 shares during the period. Sentinel Trust Co. LBA boosted its stake in shares of Kroger Company (The) by 138.7% during the 1st quarter. Sentinel Trust Co. LBA now owns 115,819 shares of the company’s stock valued at $3,415,000 after buying an additional 67,308 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Kroger Company (The) by 28.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,125,760 shares of the company’s stock valued at $33,191,000 after buying an additional 249,704 shares during the period. 74.63% of the stock is owned by institutional investors.

In related news, Director Susan M. Phillips sold 6,200 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were 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 SEC, which is available through this hyperlink. Also, insider J Michael Schlotman purchased 2,000 shares of the stock in a transaction that occurred on 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. 0.87% of the stock is currently owned by company insiders.

KR has been the subject of a number of research reports. Royal Bank Of Canada reissued a “buy” rating and set a $37.00 target price on shares of Kroger Company (The) in a research note on Friday, May 12th. Deutsche Bank AG reissued a “buy” rating on shares of Kroger Company (The) in a research note on Friday, May 12th. 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. Wells Fargo & Company reissued a “buy” rating and set a $28.00 target price (down previously from $35.00) on shares of Kroger Company (The) in a research note on Monday, June 12th. Finally, Argus reissued a “buy” rating on shares of Kroger Company (The) in a research note on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.04.

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Kroger Company (NYSE KR) opened at 22.42 on Monday. The stock’s 50 day moving average is $23.20 and its 200 day moving average is $27.23. The company has a market cap of $20.12 billion, a P/E ratio of 13.50 and a beta of 0.79. Kroger Company has a 12-month low of $20.46 and a 12-month high of $36.44.

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

Kroger Company (The) declared that its board has approved a stock repurchase plan on Thursday, June 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.23%. This is a positive change from Kroger Company (The)’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 11th. Kroger Company (The)’s dividend payout ratio (DPR) is currently 30.12%.

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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