QS Investors LLC Sells 863 Shares of Kroger Company (The) (KR)

QS Investors LLC cut its stake in shares of Kroger Company (The) (NYSE:KR) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,727 shares of the company’s stock after selling 863 shares during the quarter. QS Investors LLC’s holdings in Kroger Company (The) were worth $2,162,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KR. BlackRock Inc. grew its holdings in Kroger Company (The) by 3,334.2% in the 1st quarter. BlackRock Inc. now owns 72,026,662 shares of the company’s stock worth $2,124,067,000 after buying an additional 69,929,316 shares in the last quarter. FMR LLC grew its holdings in Kroger Company (The) by 54.1% in the 1st quarter. FMR LLC now owns 41,963,267 shares of the company’s stock worth $1,237,497,000 after buying an additional 14,723,540 shares in the last quarter. Vanguard Group Inc. grew its holdings in Kroger Company (The) by 15.3% in the 1st quarter. Vanguard Group Inc. now owns 68,348,907 shares of the company’s stock worth $2,015,609,000 after buying an additional 9,054,273 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Kroger Company (The) by 255.5% in the 2nd quarter. Principal Financial Group Inc. now owns 6,596,264 shares of the company’s stock worth $153,825,000 after buying an additional 4,740,751 shares in the last quarter. Finally, Equity Investment Corp Acquisition Inc bought a new position in Kroger Company (The) in the 2nd quarter worth approximately $71,486,000. 75.83% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on KR shares. Royal Bank Of Canada set a $34.00 price objective on Kroger Company (The) and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research lowered Kroger Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Oppenheimer Holdings, Inc. lowered Kroger Company (The) to a “market perform” rating and decreased their price objective for the stock from $28.00 to $23.00 in a report on Friday, September 8th. Jefferies Group LLC reissued a “hold” rating on shares of Kroger Company (The) in a report on Friday, August 25th. Finally, Deutsche Bank AG set a $26.00 price objective on Kroger Company (The) and gave the stock a “buy” rating in a report on Monday, June 19th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Kroger Company (The) currently has an average rating of “Hold” and a consensus target price of $28.54.

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Kroger Company (KR) opened at 20.63 on Friday. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 12.48 and a beta of 0.76. Kroger Company has a 52 week low of $19.69 and a 52 week high of $36.44. The firm’s 50-day moving average price is $21.35 and its 200-day moving average price is $25.51. Kroger Company (The) also was the recipient of unusually large options trading activity on Thursday. Stock traders bought 19,399 put options on the company. This is an increase of approximately 127% compared to the typical volume of 8,553 put options.

Kroger Company (The) (NYSE:KR) last released its earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $27.48 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities analysts expect that Kroger Company will post $1.97 earnings per share for the current year.

Kroger Company (The) declared that its Board of Directors has initiated a stock repurchase plan on Thursday, June 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio is presently 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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