Kroger Company (The) (KR) Position Raised by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Kroger Company (The) (NYSE:KR) by 33.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,230 shares of the company’s stock after purchasing an additional 46,046 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Kroger Company (The) were worth $3,696,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in shares of Kroger Company (The) by 71.3% in the third quarter. Russell Investments Group Ltd. now owns 1,180,802 shares of the company’s stock valued at $23,686,000 after buying an additional 491,684 shares in the last quarter. Private Management Group Inc. increased its holdings in shares of Kroger Company (The) by 86.3% in the third quarter. Private Management Group Inc. now owns 1,131,521 shares of the company’s stock valued at $22,698,000 after buying an additional 524,169 shares in the last quarter. Kwmg LLC bought a new position in shares of Kroger Company (The) in the third quarter valued at $1,397,000. Capital Investment Counsel Inc increased its holdings in shares of Kroger Company (The) by 99.0% in the third quarter. Capital Investment Counsel Inc now owns 27,507 shares of the company’s stock valued at $552,000 after buying an additional 13,687 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Kroger Company (The) by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 6,715,387 shares of the company’s stock valued at $134,710,000 after buying an additional 18,468 shares in the last quarter. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Company (KR) traded up $1.13 on Friday, hitting $23.41. 19,582,346 shares of the stock traded hands, compared to its average volume of 12,111,456. Kroger Company has a twelve month low of $19.69 and a twelve month high of $36.44. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.87 and a quick ratio of 0.33. The company has a market capitalization of $19,820.00, a PE ratio of 11.53, a P/E/G ratio of 1.70 and a beta of 0.83.

Kroger Company (The) (NYSE:KR) last announced its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The business had revenue of $27.60 billion for the quarter, compared to analyst estimates of $27.48 billion. During the same period in the prior year, the business posted $0.47 earnings per share. Kroger Company (The)’s revenue was up 3.9% compared to the same quarter last year. sell-side analysts anticipate that Kroger Company will post 2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors 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 yield of 2.14%. Kroger Company (The)’s dividend payout ratio is currently 30.30%.

Several equities analysts have weighed in on KR shares. Northcoast Research upgraded shares of Kroger Company (The) from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Royal Bank Of Canada restated an “overweight” rating on shares of Kroger Company (The) in a report on Thursday, September 7th. BidaskClub upgraded shares of Kroger Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Vetr cut shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.26 price target on the stock. in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Kroger Company (The) from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Nineteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $29.10.

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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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