Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Kroger Company (The) (NYSE:KR) by 66.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,411 shares of the company’s stock after buying an additional 34,856 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Kroger Company (The) were worth $1,776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KR. Howe & Rusling Inc. purchased a new stake in shares of Kroger Company (The) in the 3rd quarter worth $103,000. Dupont Capital Management Corp purchased a new stake in shares of Kroger Company (The) in the 2nd quarter worth $105,000. Cedar Wealth Management LLC increased its stake in shares of Kroger Company (The) by 155.9% in the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock worth $116,000 after purchasing an additional 3,040 shares in the last quarter. CWM LLC increased its stake in shares of Kroger Company (The) by 1,162.2% in the 2nd quarter. CWM LLC now owns 5,213 shares of the company’s stock worth $122,000 after purchasing an additional 4,800 shares in the last quarter. Finally, Grove Bank & Trust increased its stake in shares of Kroger Company (The) by 9.3% in the 2nd quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock worth $124,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Shares of Kroger Company (NYSE KR) opened at $22.14 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 2.13. The stock has a market cap of $19,640.65, a PE ratio of 11.56, a PEG ratio of 1.70 and a beta of 0.82. Kroger Company has a 1 year low of $19.69 and a 1 year high of $36.44.

Kroger Company (The) (NYSE:KR) last announced its earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. sell-side analysts anticipate that Kroger Company will post 2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio is 30.30%.

COPYRIGHT VIOLATION WARNING: “Meag Munich Ergo Kapitalanlagegesellschaft MBH Increases Holdings in Kroger Company (The) (KR)” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.watchlistnews.com/meag-munich-ergo-kapitalanlagegesellschaft-mbh-increases-holdings-in-kroger-company-the-kr/1702571.html.

Several equities research analysts have recently commented on the company. Goldman Sachs Group, Inc. (The) assumed coverage on Kroger Company (The) in a research note on Tuesday. They issued a “hold” rating and a $22.00 price objective for the company. BidaskClub upgraded Kroger Company (The) from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Stephens assumed coverage on Kroger Company (The) in a research note on Friday, August 11th. They issued an “underweight” rating and a $20.00 price objective for the company. Northcoast Research upgraded Kroger Company (The) from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Zacks Investment Research upgraded Kroger Company (The) from a “sell” rating to a “hold” rating in a research note on Friday. Nineteen investment 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 stock currently has a consensus rating of “Hold” and an average target price of $29.10.

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.

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Company (The) (NYSE:KR).

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

Receive News & Ratings for Kroger Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.