Point View Wealth Management Inc. grew its holdings in Kroger Company (The) (NYSE:KR) by 38.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,251 shares of the company’s stock after purchasing an additional 17,710 shares during the quarter. Point View Wealth Management Inc.’s holdings in Kroger Company (The) were worth $1,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Howe & Rusling Inc. purchased a new position in shares of Kroger Company (The) in the third quarter valued at approximately $103,000. Dupont Capital Management Corp purchased a new position in shares of Kroger Company (The) in the second quarter valued at approximately $105,000. Cedar Wealth Management LLC lifted its stake in Kroger Company (The) by 155.9% in the second 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 during the last quarter. Grove Bank & Trust lifted its stake in Kroger Company (The) by 9.3% in the second quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock worth $124,000 after acquiring an additional 450 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new position in Kroger Company (The) in the second quarter worth approximately $128,000. 75.76% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages recently issued reports on KR. BidaskClub upgraded shares of Kroger Company (The) from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $22.00 price target on shares of Kroger Company (The) in a research note on Tuesday, November 14th. Stephens began coverage on shares of Kroger Company (The) in a research note on Friday, August 11th. They issued an “underweight” rating and a $20.00 price target for the company. Vetr upgraded shares of Kroger Company (The) from a “buy” rating to a “strong-buy” rating and set a $27.01 price target for the company in a research note on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating and issued a $22.00 price target on shares of Kroger Company (The) in a research note on Wednesday, October 4th. Nineteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $29.10.

Shares of Kroger Company (NYSE KR) traded up $1.13 on Monday, reaching $23.41. 19,798,600 shares of the company’s stock traded hands, compared to its average volume of 12,111,455. The company has a quick ratio of 0.33, a current ratio of 0.87 and a debt-to-equity ratio of 2.13. The firm has a market cap of $20,630.00, a PE ratio of 12.26, a P/E/G ratio of 1.81 and a beta of 0.83. Kroger Company has a 12 month low of $19.69 and a 12 month high of $36.44.

Kroger Company (The) (NYSE:KR) last announced its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $27.60 billion for 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%. Kroger Company (The)’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. sell-side analysts anticipate that Kroger Company will post 1.99 EPS for the current fiscal year.

The business 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 dividend of $0.125 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 annualized dividend and a dividend yield of 2.14%. Kroger Company (The)’s payout ratio is currently 30.30%.

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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