Ajo LP Has $3.87 Million Position in Kroger Company (The) (KR)

Ajo LP decreased its position in Kroger Company (The) (NYSE:KR) by 12.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 165,955 shares of the company’s stock after selling 23,172 shares during the quarter. Ajo LP’s holdings in Kroger Company (The) were worth $3,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in Kroger Company (The) by 85.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock valued at $137,000 after purchasing an additional 2,708 shares during the last quarter. Dai Ichi Life Insurance Company Ltd raised its stake in Kroger Company (The) by 157.2% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 118,489 shares of the company’s stock valued at $2,763,000 after purchasing an additional 72,418 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in Kroger Company (The) by 46.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 465,634 shares of the company’s stock valued at $10,859,000 after purchasing an additional 147,093 shares during the last quarter. HPM Partners LLC acquired a new position in Kroger Company (The) in the 2nd quarter valued at about $865,000. Finally, Franklin Resources Inc. raised its stake in Kroger Company (The) by 8.2% in the 2nd quarter. Franklin Resources Inc. now owns 12,045,681 shares of the company’s stock valued at $280,904,000 after purchasing an additional 908,078 shares during the last quarter. 74.63% of the stock is owned by hedge funds and other institutional investors.

In related news, insider J Michael Schlotman acquired 2,000 shares of the stock in a transaction dated Monday, June 26th. The shares were acquired at an average price of $22.73 per share, with a total value of $45,460.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

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Kroger Company (NYSE KR) opened at 21.57 on Friday. The firm has a 50-day moving average price of $22.83 and a 200-day moving average price of $26.49. The stock has a market cap of $19.26 billion, a PE ratio of 13.05 and a beta of 0.79. Kroger Company has a 12-month low of $20.41 and a 12-month high of $36.44.

Kroger Company (The) (NYSE:KR) last issued its quarterly earnings data on Friday, September 8th. The company reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business had revenue of $27.60 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. Analysts forecast that Kroger Company will post $1.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders 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 dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio is 30.30%.

Kroger Company (The) declared that its Board of Directors has approved a share buyback plan on Thursday, June 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Several research analysts recently weighed in on the stock. Jefferies Group LLC reissued a “hold” rating on shares of Kroger Company (The) in a research note on Friday, August 25th. BidaskClub downgraded shares of Kroger Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. TheStreet downgraded shares of Kroger Company (The) from a “b” rating to a “c+” rating in a research note on Thursday, June 15th. Wells Fargo & Company reissued an “outperform” rating and issued a $28.00 target price on shares of Kroger Company (The) in a research note on Sunday, July 2nd. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $28.00 target price on shares of Kroger Company (The) in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger Company (The) currently has a consensus rating of “Hold” and an average price target of $28.58.

Kroger Company (The) 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.

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

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