Kroger Company (The) (KR) Stake Increased by Hartford Investment Management Co.

Hartford Investment Management Co. increased its position in Kroger Company (The) (NYSE:KR) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,997 shares of the company’s stock after buying an additional 1,971 shares during the period. Hartford Investment Management Co.’s holdings in Kroger Company (The) were worth $6,767,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Capital Research Global Investors increased its position in shares of Kroger Company (The) by 9.7% in the second quarter. Capital Research Global Investors now owns 64,888,884 shares of the company’s stock worth $2,387,262,000 after buying an additional 5,748,043 shares in the last quarter. Janus Capital Management LLC increased its position in shares of Kroger Company (The) by 14.8% in the second quarter. Janus Capital Management LLC now owns 35,280,006 shares of the company’s stock worth $1,297,932,000 after buying an additional 4,550,220 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Kroger Company (The) by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 26,682,880 shares of the company’s stock worth $791,948,000 after buying an additional 185,960 shares in the last quarter. BlackRock Advisors LLC increased its position in shares of Kroger Company (The) by 27.6% in the third quarter. BlackRock Advisors LLC now owns 15,008,859 shares of the company’s stock worth $445,463,000 after buying an additional 3,249,884 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Kroger Company (The) by 11.1% in the second quarter. Alliancebernstein L.P. now owns 14,668,961 shares of the company’s stock worth $539,671,000 after buying an additional 1,466,784 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors.

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

Shares of Kroger Company (NYSE:KR) traded down 0.33% on Wednesday, reaching $33.08. The company’s stock had a trading volume of 1,610,759 shares. The company has a market cap of $31.03 billion, a PE ratio of 15.90 and a beta of 0.75. Kroger Company has a 52-week low of $28.71 and a 52-week high of $41.34. The firm has a 50 day moving average of $34.11 and a 200 day moving average of $33.05.

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

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KR has been the topic of a number of recent research reports. Zacks Investment Research upgraded Kroger Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, December 22nd. Vetr upgraded Kroger Company (The) from a “hold” rating to a “buy” rating and set a $36.85 price target for the company in a research note on Tuesday, December 27th. Piper Jaffray Companies upgraded Kroger Company (The) from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $28.00 to $34.00 in a research note on Wednesday, December 14th. Guggenheim reiterated a “buy” rating and set a $40.00 price target on shares of Kroger Company (The) in a research note on Monday, November 28th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $37.00 price target on shares of Kroger Company (The) in a research note on Monday, November 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.27.

In other news, insider Christopher T. Hjelm sold 15,120 shares of Kroger Company (The) stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $33.25, for a total value of $502,740.00. Following the completion of the sale, the insider now directly owns 240,433 shares in the company, valued at $7,994,397.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Oflen Mary Elizabeth Van sold 14,106 shares of Kroger Company (The) stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $32.94, for a total transaction of $464,651.64. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

Kroger Company (The) Company Profile

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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