Stoneridge Investment Partners LLC bought a new stake in Kroger Company (The) (NYSE:KR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,068 shares of the company’s stock, valued at approximately $1,249,000.

A number of other large investors have also recently bought and sold shares of KR. Bristol Gate Capital Partners Inc. raised its stake in shares of Kroger Company (The) by 10.1% in the second quarter. Bristol Gate Capital Partners Inc. now owns 741,903 shares of the company’s stock worth $27,295,000 after buying an additional 68,144 shares during the last quarter. BB&T Corp raised its stake in shares of Kroger Company (The) by 196.4% in the second quarter. BB&T Corp now owns 287,193 shares of the company’s stock valued at $10,566,000 after buying an additional 190,292 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Kroger Company (The) by 84.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 410,306 shares of the company’s stock valued at $12,178,000 after buying an additional 188,356 shares during the last quarter. Community Trust & Investment Co. raised its stake in shares of Kroger Company (The) by 42.5% in the third quarter. Community Trust & Investment Co. now owns 402,614 shares of the company’s stock valued at $11,949,000 after buying an additional 119,991 shares during the last quarter. Finally, WestEnd Advisors LLC acquired a new stake in shares of Kroger Company (The) during the second quarter valued at about $95,812,000. Institutional investors own 76.04% of the company’s stock.

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

Kroger Company (NYSE:KR) traded up 1.73% during trading on Friday, reaching $34.10. 6,886,880 shares of the company were exchanged. Kroger Company has a one year low of $28.71 and a one year high of $40.91. The firm’s 50-day moving average is $34.09 and its 200 day moving average is $33.05. The company has a market capitalization of $31.99 billion, a P/E ratio of 16.39 and a beta of 0.75.

Kroger Company (The) (NYSE:KR) last issued its earnings results on Thursday, December 1st. The company reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The firm earned $26.56 billion during the quarter, compared to analyst estimates of $26.43 billion. Kroger Company (The) had a net margin of 1.77% and a return on equity of 31.48%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. On average, analysts anticipate that Kroger Company will post $2.11 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. Kroger Company (The)’s dividend payout ratio is presently 23.08%.

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KR has been the topic of several recent research reports. RBC Capital Markets reiterated a “sector perform” rating and issued a $37.00 price target on shares of Kroger Company (The) in a research note on Friday, September 16th. Barclays PLC initiated coverage on shares of Kroger Company (The) in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $33.00 price target on the stock. Jefferies Group set a $32.00 price target on shares of Kroger Company (The) and gave the company a “hold” rating in a research note on Saturday, October 1st. Zacks Investment Research lowered shares of Kroger Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $40.00 price target on shares of Kroger Company (The) in a research note on Wednesday, October 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger Company (The) currently has an average rating of “Hold” and a consensus price target of $37.27.

In other news, VP Oflen Mary Elizabeth Van sold 14,106 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $32.94, for a total value of $464,651.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Joseph Donnelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $34.35, for a total transaction of $343,500.00. Following the completion of the transaction, the insider now owns 238,660 shares of the company’s stock, valued at $8,197,971. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

About Kroger Company (The)

The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.

5 Day Chart for NYSE:KR

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