Tocqueville Asset Management L.P. lifted its stake in shares of Kroger Company (The) (NYSE:KR) by 54.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,221 shares of the company’s stock after purchasing an additional 96,700 shares during the period. Tocqueville Asset Management L.P.’s holdings in Kroger Company (The) were worth $5,501,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in Kroger Company (The) by 6,611.2% in the 2nd quarter. Janus Henderson Group PLC now owns 8,260,260 shares of the company’s stock valued at $192,630,000 after purchasing an additional 8,137,179 shares during the last quarter. FMR LLC lifted its holdings in shares of Kroger Company (The) by 17.7% in 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 during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of 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 acquiring an additional 4,740,751 shares during the last quarter. Equity Investment Corp Acquisition Inc acquired a new position in shares of Kroger Company (The) in the 2nd quarter worth approximately $71,486,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Kroger Company (The) by 138.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,363,562 shares of the company’s stock worth $101,758,000 after acquiring an additional 2,533,438 shares during the last quarter. 75.06% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the stock. Northcoast Research raised shares of Kroger Company (The) from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Royal Bank Of Canada reissued an “overweight” rating on shares of Kroger Company (The) in a research report on Thursday, September 7th. BidaskClub raised shares of Kroger Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Vetr downgraded shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.26 target price on the stock. in a research 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 research note on Friday. Nineteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $29.10.
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Shares of Kroger Company (KR) opened at $22.02 on Tuesday. The firm has a market cap of $19,640.65, a PE ratio of 11.56, a P/E/G ratio of 1.70 and a beta of 0.82. Kroger Company has a 1-year low of $19.69 and a 1-year 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.
Kroger Company (The) (NYSE:KR) last issued its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.39. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The company had revenue of $27.60 billion during the quarter, compared to the consensus estimate of $27.48 billion. During the same period in the prior year, the company earned $0.47 EPS. Kroger Company (The)’s revenue was up 3.9% on a year-over-year basis. analysts forecast that Kroger Company will post 2 EPS for the current fiscal year.
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. This represents a $0.50 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s payout ratio is 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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