Compagnie Lombard Odier SCmA reduced its stake in shares of Kroger Company (The) (NYSE:KR) by 19.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,600 shares of the company’s stock after selling 24,258 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Kroger Company (The) were worth $2,393,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KR. Bank of Nova Scotia raised its position in shares of Kroger Company (The) by 906.4% during the 1st 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. Hosking Partners LLP raised its position in shares of Kroger Company (The) by 10.2% during the 1st quarter. Hosking Partners LLP now owns 528,328 shares of the company’s stock valued at $15,580,000 after buying an additional 48,785 shares during the period. Cardinal Capital Management Inc. purchased a new stake in shares of Kroger Company (The) during the 2nd quarter valued at approximately $455,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Kroger Company (The) by 497.2% during the 2nd 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. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Kroger Company (The) by 3.3% during the 1st 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. Institutional investors and hedge funds own 75.82% of the company’s stock.

Several analysts have recently commented on the stock. BMO Capital Markets set a $32.00 price target on shares of Kroger Company (The) and gave the company a “hold” rating in a research report on Saturday, June 10th. Bank of America Corporation lowered shares of Kroger Company (The) from a “buy” rating to a “neutral” rating in a research report on Thursday, June 15th. ValuEngine lowered shares of Kroger Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Wells Fargo & Company reaffirmed a “buy” rating and set a $28.00 price target (down previously from $35.00) on shares of Kroger Company (The) in a research report on Monday, June 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $34.00 price target on shares of Kroger Company (The) in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.58.

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Shares of Kroger Company (NYSE KR) traded down 0.99% during trading on Friday, hitting $20.06. 12,285,719 shares of the company were exchanged. The stock has a market cap of $17.84 billion, a P/E ratio of 12.14 and a beta of 0.79. The company’s 50-day moving average price is $22.65 and its 200 day moving average price is $26.28. Kroger Company has a 12 month low of $20.04 and a 12 month high of $36.44.

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

Kroger Company (The) announced that its board has initiated a stock buyback program on Thursday, June 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio (DPR) is 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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