Gofen & Glossberg LLC IL Has $229,000 Stake in Kroger Company (The) (KR)

Gofen & Glossberg LLC IL continued to hold its stake in shares of Kroger Company (The) (NYSE:KR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,839 shares of the company’s stock at the end of the 2nd quarter. Gofen & Glossberg LLC IL’s holdings in Kroger Company (The) were worth $229,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. IHT Wealth Management LLC grew its stake in Kroger Company (The) by 122.1% in the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock worth $376,000 after purchasing an additional 1,523 shares during the period. Dupont Capital Management Corp purchased a new stake in Kroger Company (The) in the second quarter worth $105,000. Cedar Wealth Management LLC grew its stake in Kroger Company (The) by 155.9% in the second 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 during the period. CWM LLC grew its stake in Kroger Company (The) by 1,162.2% in the second quarter. CWM LLC now owns 5,213 shares of the company’s stock worth $122,000 after purchasing an additional 4,800 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Kroger Company (The) by 497.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after purchasing an additional 4,390 shares during the period. 75.77% of the stock is currently owned by institutional investors.

Kroger Company (NYSE:KR) opened at 20.70 on Thursday. Kroger Company has a 12-month low of $19.69 and a 12-month high of $36.44. The firm has a 50-day moving average price of $21.00 and a 200-day moving average price of $25.00. The company has a market cap of $18.41 billion, a P/E ratio of 12.52 and a beta of 0.76.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $27.60 billion for the quarter, compared to the consensus estimate of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. On average, analysts forecast that Kroger Company will post $1.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 annualized dividend and a yield of 2.42%. Kroger Company (The)’s payout ratio is presently 30.30%.

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

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Several equities research analysts recently weighed in on KR shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $25.00 price target (down from $26.00) on shares of Kroger Company (The) in a research note on Friday, June 23rd. 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. Vetr cut Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.33 target price on the stock. in a research note on Tuesday, July 4th. Royal Bank Of Canada set a $34.00 target price on Kroger Company (The) and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, BidaskClub raised Kroger Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.23.

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.

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

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