Oppenheimer Asset Management Inc. decreased its position in shares of Kroger Company (The) (NYSE:KR) by 49.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,934 shares of the company’s stock after selling 12,768 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Kroger Company (The) were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KR. Dupont Capital Management Corp purchased a new stake in Kroger Company (The) during the 2nd quarter worth $105,000. Advantage Investment Management LLC increased its stake in Kroger Company (The) by 15.8% during the 1st quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock worth $109,000 after buying an additional 502 shares during the period. Cedar Wealth Management LLC increased its stake in Kroger Company (The) by 155.9% during the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock worth $116,000 after buying an additional 3,040 shares during the period. CWM LLC increased its stake in Kroger Company (The) by 1,162.2% during the 2nd quarter. CWM LLC now owns 5,213 shares of the company’s stock worth $122,000 after buying an additional 4,800 shares during the period. Finally, Grove Bank & Trust increased its stake in Kroger Company (The) by 9.3% during the 2nd quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock worth $124,000 after buying an additional 450 shares during the period. 75.52% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, insider J Michael Schlotman bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of $22.73 per share, for a total transaction of $45,460.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

Kroger Company (NYSE:KR) opened at 21.44 on Tuesday. Kroger Company has a 1-year low of $20.41 and a 1-year high of $36.44. The firm’s 50-day moving average is $22.74 and its 200-day moving average is $26.34. The firm has a market capitalization of $19.15 billion, a price-to-earnings ratio of 12.97 and a beta of 0.79.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors 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 dividend yield of 2.33%. The ex-dividend date is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio (DPR) is currently 30.30%.

Kroger Company (The) announced that its Board of Directors has initiated a share repurchase program on Thursday, June 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 4.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Several equities research analysts recently issued reports on KR shares. Wells Fargo & Company reaffirmed a “buy” rating and set a $28.00 price target (down previously from $35.00) on shares of Kroger Company (The) in a research note on Monday, June 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $34.00 price target on shares of Kroger Company (The) in a research note on Tuesday, June 13th. Argus reaffirmed a “buy” rating on shares of Kroger Company (The) in a research note on Monday, June 19th. Deutsche Bank AG set a $26.00 price target on shares of Kroger Company (The) and gave the stock a “buy” rating in a research note on Monday, June 19th. Finally, Vetr downgraded shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.33 price target on the stock. in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger Company (The) currently has an average rating of “Hold” and a consensus price target of $28.58.

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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