Scotia Capital Inc. increased its holdings in Kroger Company (The) (NYSE:KR) by 14.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,374 shares of the company’s stock after acquiring an additional 27,067 shares during the quarter. Scotia Capital Inc.’s holdings in Kroger Company (The) were worth $4,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of KR. Dupont Capital Management Corp bought a new position in shares of Kroger Company (The) in the 2nd quarter worth about $105,000. Cedar Wealth Management LLC increased its stake in shares of Kroger Company (The) by 155.9% in the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock worth $116,000 after acquiring an additional 3,040 shares in the last quarter. CWM LLC increased its stake in shares of Kroger Company (The) by 1,162.2% in the 2nd quarter. CWM LLC now owns 5,213 shares of the company’s stock worth $122,000 after acquiring an additional 4,800 shares in the last quarter. Grove Bank & Trust increased its stake in shares of Kroger Company (The) by 9.3% in the 2nd quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock worth $124,000 after acquiring an additional 450 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of 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 worth $129,000 after acquiring an additional 4,390 shares in the last quarter. Institutional investors own 75.83% of the company’s stock.

Several research analysts recently issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating on shares of Kroger Company (The) in a research note on Friday, August 25th. BidaskClub lowered shares of Kroger Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. TheStreet lowered shares of Kroger Company (The) from a “b” rating to a “c+” rating in a research note on Thursday, June 15th. Wells Fargo & Company reiterated an “outperform” rating and issued a $28.00 price target on shares of Kroger Company (The) in a research note on Sunday, July 2nd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $28.00 price target on shares of Kroger Company (The) in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.54.

Kroger Company (KR) traded up 2.509% during trading on Wednesday, hitting $21.045. 20,254,688 shares of the company were exchanged. The firm’s 50 day moving average price is $21.22 and its 200-day moving average price is $25.33. Kroger Company has a 1-year low of $19.69 and a 1-year high of $36.44. The stock has a market capitalization of $18.72 billion, a PE ratio of 12.755 and a beta of 0.76.

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

Kroger Company (The) declared that its Board of Directors has authorized a stock buyback program on Thursday, June 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.50 annualized dividend and a yield of 2.44%. Kroger Company (The)’s dividend payout ratio (DPR) is presently 30.30%.

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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)

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