Raymond James Trust N.A. boosted its holdings in Kroger Company (The) (NYSE:KR) by 58.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,285 shares of the company’s stock after buying an additional 25,818 shares during the period. Raymond James Trust N.A.’s holdings in Kroger Company (The) were worth $1,639,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KR. BlackRock Inc. boosted its stake in Kroger Company (The) by 3,334.2% in the 1st quarter. BlackRock Inc. now owns 72,026,662 shares of the company’s stock worth $2,124,067,000 after buying an additional 69,929,316 shares during the last quarter. FMR LLC boosted its stake in Kroger Company (The) by 54.1% in the 1st quarter. FMR LLC now owns 41,963,267 shares of the company’s stock worth $1,237,497,000 after buying an additional 14,723,540 shares during the last quarter. CI Global Investments Inc. acquired a new stake in Kroger Company (The) in the 1st quarter worth about $270,002,000. Vanguard Group Inc. boosted its stake in Kroger Company (The) by 15.3% in the 1st quarter. Vanguard Group Inc. now owns 68,348,907 shares of the company’s stock worth $2,015,609,000 after buying an additional 9,054,273 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Kroger Company (The) by 255.5% in the 2nd quarter. Principal Financial Group Inc. now owns 6,596,264 shares of the company’s stock worth $153,825,000 after buying an additional 4,740,751 shares during the last quarter. 74.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on KR shares. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $28.00 price target on shares of Kroger Company (The) in a research note on Tuesday, September 5th. J P Morgan Chase & Co lowered Kroger Company (The) from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $34.00 to $24.00 in a research note on Friday, June 16th. Morgan Stanley lowered Kroger Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $40.00 to $30.00 in a research note on Monday, June 19th. TheStreet lowered Kroger Company (The) from a “b” rating to a “c+” rating in a research note on Thursday, June 15th. Finally, Royal Bank Of Canada set a $34.00 price target on Kroger Company (The) and gave the stock a “buy” rating in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.58.

In other Kroger Company (The) news, insider J Michael Schlotman acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of $22.73 per share, with a total value of $45,460.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan M. Phillips sold 6,200 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $21.17, for a total value of $131,254.00. Following the transaction, the director now directly owns 124,105 shares of the company’s stock, valued at approximately $2,627,302.85. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

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Kroger Company (KR) traded up 0.9717% during midday trading on Wednesday, reaching $21.7897. The company’s stock had a trading volume of 1,300,892 shares. Kroger Company has a 52 week low of $20.41 and a 52 week high of $36.44. The stock has a 50 day moving average of $23.07 and a 200 day moving average of $26.72. The firm has a market capitalization of $19.46 billion, a PE ratio of 13.1819 and a beta of 0.79.

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 the consensus estimate of $0.39. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The business had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that Kroger Company will post $1.97 earnings per share for the current fiscal year.

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

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, August 11th. This is a boost from Kroger Company (The)’s previous quarterly dividend of $0.12. Kroger Company (The)’s payout ratio is currently 30.30%.

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.

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

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