Janney Montgomery Scott LLC increased its stake in shares of Kroger Co (NYSE:KR) by 45.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,519 shares of the company’s stock after acquiring an additional 24,390 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kroger were worth $1,575,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. IHT Wealth Management LLC lifted its position in Kroger by 122.1% during the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock valued at $376,000 after purchasing an additional 1,523 shares during the last quarter. Dupont Capital Management Corp bought a new position in Kroger during the second quarter valued at $105,000. Howe & Rusling Inc. bought a new position in Kroger during the third quarter valued at $103,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Kroger by 497.2% during 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 purchasing an additional 4,390 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in Kroger during the second quarter valued at $128,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.

Several research firms have commented on KR. Pivotal Research set a $30.00 price objective on shares of Kroger and gave the company a “buy” rating in a research report on Saturday, December 2nd. Oppenheimer reiterated a “hold” rating and set a $22.00 price objective on shares of Kroger in a research report on Wednesday, October 4th. Jefferies Group lowered their price objective on shares of Kroger from $24.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, September 11th. Telsey Advisory Group increased their price objective on shares of Kroger from $24.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, December 1st. Finally, UBS reiterated a “neutral” rating and set a $24.00 price objective on shares of Kroger in a research report on Wednesday, September 6th. Seventeen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $28.93.

In related news, Director Jorge P. Montoya sold 10,000 shares of the firm’s 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 transaction, the director now owns 108,910 shares of the company’s stock, valued at approximately $2,938,391.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was 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 in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Shares of Kroger Co (KR) opened at $26.95 on Wednesday. The stock has a market cap of $23,796.77, a PE ratio of 13.92, a PEG ratio of 3.59 and a beta of 0.92. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. Kroger Co has a twelve month low of $19.69 and a twelve month high of $35.98.

Kroger (NYSE:KR) last released its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. research analysts expect that Kroger Co will post 2.01 earnings per share for the current fiscal year.

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Kroger 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 (NYSE:KR)

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