Wunderlich Capital Managemnt Lowers Position in Kroger Company (The) (KR)

Wunderlich Capital Managemnt trimmed its holdings in shares of Kroger Company (The) (NYSE:KR) by 0.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,266 shares of the company’s stock after selling 378 shares during the quarter. Wunderlich Capital Managemnt’s holdings in Kroger Company (The) were worth $939,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. increased its stake in Kroger Company (The) by 3,334.2% during the 1st quarter. BlackRock Inc. now owns 72,026,662 shares of the company’s stock worth $2,124,067,000 after purchasing an additional 69,929,316 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Kroger Company (The) by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 69,201,771 shares of the company’s stock worth $1,613,786,000 after acquiring an additional 852,864 shares in the last quarter. FMR LLC grew its stake in shares of Kroger Company (The) by 17.7% during the 2nd quarter. FMR LLC now owns 49,409,616 shares of the company’s stock worth $1,152,232,000 after acquiring an additional 7,446,349 shares in the last quarter. State Street Corp grew its stake in shares of Kroger Company (The) by 0.3% during the 2nd quarter. State Street Corp now owns 39,414,284 shares of the company’s stock worth $919,140,000 after acquiring an additional 100,796 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Kroger Company (The) by 8.2% during the 2nd quarter. Franklin Resources Inc. now owns 12,045,681 shares of the company’s stock worth $280,904,000 after acquiring an additional 908,078 shares in the last quarter. 75.83% of the stock is owned by institutional investors and hedge funds.

Kroger Company (KR) traded up 0.602% on Thursday, reaching $20.905. The company’s stock had a trading volume of 10,411,887 shares. Kroger Company has a 52-week low of $19.69 and a 52-week high of $36.44. The stock’s 50 day moving average price is $21.16 and its 200 day moving average price is $25.30. The firm has a market cap of $18.60 billion, a PE ratio of 12.647 and a beta of 0.76.

Kroger Company (The) (NYSE:KR) last issued its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The business 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%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities research analysts expect that Kroger Company will post $1.97 earnings per share for the current fiscal year.

Kroger Company (The) announced that its board has authorized a stock repurchase plan on Thursday, June 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 annualized dividend and a dividend yield of 2.41%. Kroger Company (The)’s payout ratio is currently 30.30%.

Several equities analysts have recently weighed in on KR shares. Royal Bank Of Canada set a $34.00 price target on shares of Kroger Company (The) and gave the stock a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research cut shares of Kroger Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Oppenheimer Holdings, Inc. cut shares of Kroger Company (The) to a “market perform” rating and decreased their price target for the stock from $28.00 to $23.00 in a research note on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Kroger Company (The) in a research note on Friday, August 25th. Finally, Deutsche Bank AG set a $26.00 price target on shares of Kroger Company (The) and gave the stock a “buy” rating in a research note on Monday, June 19th. Twenty investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $28.57.

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About Kroger Company (The)

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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