AHL Partners LLP lifted its stake in shares of Kroger Company (The) (NYSE:KR) by 396.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,901 shares of the company’s stock after acquiring an additional 31,869 shares during the period. AHL Partners LLP’s holdings in Kroger Company (The) were worth $931,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia raised its holdings in Kroger Company (The) by 906.4% in the first 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 during the period. Cardinal Capital Management Inc. purchased a new position in Kroger Company (The) in the second quarter valued at approximately $455,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Kroger Company (The) by 497.2% in the second 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 during the period. Schwab Charles Investment Management Inc. raised its holdings in Kroger Company (The) by 3.3% in the first 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 during the period. Finally, AMG National Trust Bank raised its holdings in Kroger Company (The) by 107.3% in the second 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. Institutional investors and hedge funds own 75.77% of the company’s stock.

Kroger Company (NYSE KR) opened at 20.44 on Tuesday. The firm has a market cap of $18.18 billion, a P/E ratio of 12.37 and a beta of 0.76. The firm has a 50-day moving average of $21.09 and a 200-day moving average of $25.16. Kroger Company has a 12-month low of $19.69 and a 12-month high of $36.44.

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

Kroger Company (The) announced that its Board of Directors has authorized a share repurchase plan on Thursday, June 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders 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 2.45%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio is presently 30.30%.

Several research analysts recently commented on KR shares. Morgan Stanley lowered shares of Kroger Company (The) from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $40.00 to $30.00 in a report on Monday, June 19th. Argus restated a “buy” rating on shares of Kroger Company (The) in a report on Monday, June 19th. Deutsche Bank AG set a $26.00 price target on shares of Kroger Company (The) and gave the company a “buy” rating in a report on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and issued a $25.00 price target (down previously from $26.00) on shares of Kroger Company (The) in a report on Friday, June 23rd. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $28.00 price target on shares of Kroger Company (The) in a report on Sunday, July 2nd. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Kroger Company (The) presently has a consensus rating of “Hold” and a consensus price target of $29.23.

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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.

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

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