Virtu KCG Holdings LLC lowered its holdings in shares of Kroger Company (The) (NYSE:KR) by 17.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,021 shares of the company’s stock after selling 10,491 shares during the period. Virtu KCG Holdings LLC’s holdings in Kroger Company (The) were worth $1,143,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Dupont Capital Management Corp acquired a new position in shares of Kroger Company (The) during the 2nd quarter worth $105,000. Cedar Wealth Management LLC raised its holdings in shares of Kroger Company (The) by 155.9% during the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock worth $116,000 after buying an additional 3,040 shares in the last quarter. CWM LLC raised its holdings in shares of Kroger Company (The) by 1,162.2% during the 2nd quarter. CWM LLC now owns 5,213 shares of the company’s stock worth $122,000 after buying an additional 4,800 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Kroger Company (The) by 9.3% during the 2nd quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock worth $124,000 after buying an additional 450 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings 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 worth $129,000 after buying an additional 4,390 shares in the last quarter. 75.82% of the stock is owned by institutional investors.

Shares of Kroger Company (NYSE:KR) opened at 20.06 on Friday. Kroger Company has a 12 month low of $20.04 and a 12 month high of $36.44. The company has a market cap of $17.84 billion, a price-to-earnings 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 (The) (NYSE:KR) last posted its 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. The company had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. Kroger Company (The)’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. On average, equities analysts expect that Kroger Company will post $1.97 EPS for the current fiscal year.

Kroger Company (The) declared that its board has initiated a stock buyback plan on Thursday, June 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 4.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

The company also recently disclosed 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 of this dividend is Tuesday, November 14th. This represents a $0.50 annualized dividend and a yield of 2.49%. Kroger Company (The)’s payout ratio is 30.30%.

A number of brokerages recently weighed in on KR. Jefferies Group LLC restated a “hold” rating on shares of Kroger Company (The) in a research report on Friday, August 25th. BidaskClub lowered Kroger Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. TheStreet lowered Kroger Company (The) from a “b” rating to a “c+” rating in a research report on Thursday, June 15th. Wells Fargo & Company restated an “outperform” rating and set a $28.00 price objective on shares of Kroger Company (The) in a research report on Sunday, July 2nd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $28.00 price objective on shares of Kroger Company (The) in a research report on Tuesday, September 5th. 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 issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $28.58.

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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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