Ladenburg Thalmann Financial Services Inc. boosted its holdings in Kroger Co (NYSE:KR) by 25.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 234,900 shares of the company’s stock after buying an additional 48,364 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Kroger were worth $4,713,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Kroger 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 acquiring an additional 4,390 shares in the last quarter. Frontier Investment Mgmt Co. boosted its stake in Kroger by 107.2% in the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after acquiring an additional 25,940 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Kroger by 66.3% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock valued at $1,776,000 after acquiring an additional 34,856 shares in the last quarter. AMG National Trust Bank boosted its stake in Kroger 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 acquiring an additional 36,164 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Kroger by 10.0% in the third quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock valued at $6,971,000 after acquiring an additional 31,561 shares in the last quarter. 79.10% of the stock is currently owned by hedge funds and other institutional investors.

In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $26.98, for a total value of $269,800.00. Following the completion of the transaction, the director now directly owns 108,910 shares of the company’s stock, valued at $2,938,391.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Carin L. Fike sold 1,538 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the transaction, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Shares of Kroger Co (KR) traded down $0.25 during trading hours on Wednesday, reaching $26.33. 7,762,600 shares of the company were exchanged, compared to its average volume of 12,259,262. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. The firm has a market capitalization of $23,426.60, a P/E ratio of 13.70, a P/E/G ratio of 3.51 and a beta of 0.92. Kroger Co has a 1 year low of $19.69 and a 1 year high of $36.44.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. analysts predict that Kroger Co will post 2.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a $0.125 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.90%. Kroger’s payout ratio is currently 29.76%.

Several equities analysts have issued reports on KR shares. Northcoast Research upgraded shares of Kroger from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Oppenheimer restated a “hold” rating and issued a $26.00 price objective on shares of Kroger in a research note on Monday, December 4th. Royal Bank of Canada restated an “overweight” rating on shares of Kroger in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, UBS downgraded shares of Kroger from an “outperform” rating to a “market perform” rating in a research note on Friday, September 8th. Eighteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.16.

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About Kroger

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 (NYSE:KR)

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