Voya Investment Management LLC cut its holdings in shares of Kroger Company (The) (NYSE:KR) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 348,779 shares of the company’s stock after selling 9,369 shares during the period. Voya Investment Management LLC’s holdings in Kroger Company (The) were worth $8,134,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of Nova Scotia lifted its stake in Kroger Company (The) by 906.4% in the 1st quarter. Bank of Nova Scotia now owns 211,840 shares of the company’s stock valued at $6,247,000 after buying an additional 190,790 shares in the last quarter. Cardinal Capital Management Inc. purchased a new position in Kroger Company (The) in the 2nd quarter valued at about $455,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Kroger Company (The) by 497.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after buying an additional 4,390 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Kroger Company (The) by 3.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,254,556 shares of the company’s stock valued at $95,977,000 after buying an additional 105,068 shares in the last quarter. Finally, AMG National Trust Bank lifted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.

Kroger Company (NYSE KR) opened at 20.63 on Monday. The stock has a market cap of $18.35 billion, a P/E ratio of 12.48 and a beta of 0.76. Kroger Company has a 52 week low of $19.69 and a 52 week high of $36.44. The company’s 50 day moving average is $21.35 and its 200 day moving average is $25.51.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio is presently 30.30%.

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

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A number of research analysts have weighed in on KR shares. Wells Fargo & Company reiterated a “buy” rating and issued a $28.00 target price (down previously from $35.00) on shares of Kroger Company (The) in a report on Monday, June 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $34.00 target price on shares of Kroger Company (The) in a report on Tuesday, June 13th. Argus reiterated a “buy” rating on shares of Kroger Company (The) in a report on Monday, June 19th. Deutsche Bank AG set a $26.00 target price on shares of Kroger Company (The) and gave the company a “buy” rating in a report 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 target price for the company. in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $28.54.

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.

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

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