Private Advisor Group LLC decreased its position in Kroger Company (The) (NYSE:KR) by 31.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,050 shares of the company’s stock after selling 14,378 shares during the period. Private Advisor Group LLC’s holdings in Kroger Company (The) were worth $702,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Engineers Gate Manager LP grew its stake in shares of Kroger Company (The) by 1,481.1% in the 2nd quarter. Engineers Gate Manager LP now owns 193,655 shares of the company’s stock valued at $4,516,000 after buying an additional 181,407 shares during the period. Tredje AP fonden grew its stake in shares of Kroger Company (The) by 4.9% in the 2nd quarter. Tredje AP fonden now owns 136,942 shares of the company’s stock valued at $3,193,000 after buying an additional 6,340 shares during the period. AMG National Trust Bank grew its stake in shares of Kroger Company (The) by 107.3% in the 2nd quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock valued at $1,629,000 after buying an additional 36,164 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Kroger Company (The) by 118.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 25,412 shares of the company’s stock valued at $593,000 after buying an additional 13,800 shares during the period. Finally, Bienville Capital Management LLC purchased a new stake in shares of Kroger Company (The) in the 2nd quarter valued at approximately $408,000. 74.63% of the stock is owned by institutional investors and hedge funds.

Shares of Kroger Company (NYSE KR) opened at 21.73 on Thursday. Kroger Company has a 12 month low of $20.41 and a 12 month high of $36.44. The stock has a market capitalization of $19.40 billion, a P/E ratio of 13.15 and a beta of 0.79. The firm has a 50 day moving average of $23.02 and a 200-day moving average of $26.64.

Kroger Company (The) (NYSE:KR) last posted its earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The business had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts forecast that Kroger Company will post $1.97 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.125 per share. This is a boost from Kroger Company (The)’s previous quarterly dividend of $0.12. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, August 11th. Kroger Company (The)’s payout ratio is presently 30.30%.

KR has been the topic of several recent analyst reports. UBS AG restated a “neutral” rating and issued a $27.00 price objective (down from $32.00) on shares of Kroger Company (The) in a report on Friday, June 16th. Hilliard Lyons restated a “buy” rating and issued a $30.00 price objective on shares of Kroger Company (The) in a report on Tuesday. Pivotal Research upgraded shares of Kroger Company (The) from a “hold” rating to a “buy” rating and upped their price objective for the stock from $21.34 to $25.00 in a report on Tuesday. BidaskClub upgraded shares of Kroger Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, BMO Capital Markets decreased their price objective on shares of Kroger Company (The) from $24.00 to $20.00 and set a “market perform” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have given a buy rating and one has given 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 other news, Director Susan M. Phillips sold 6,200 shares of the business’s stock in a transaction on 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 filing with the SEC, which is available at the SEC website. Also, insider J Michael Schlotman bought 2,000 shares of Kroger Company (The) stock in a transaction dated Monday, June 26th. The shares were purchased 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. Insiders own 0.85% of the company’s stock.

WARNING: “Private Advisor Group LLC Has $702,000 Stake in Kroger Company (The) (KR)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/09/14/private-advisor-group-llc-has-702000-stake-in-kroger-company-the-kr.html.

About Kroger Company (The)

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)

Receive News & Stock Ratings for Kroger Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Company (The) and related stocks with our FREE daily email newsletter.