Chicago Equity Partners LLC Sells 8,075 Shares of Kroger Company (The) (KR)

Chicago Equity Partners LLC lessened its stake in Kroger Company (The) (NYSE:KR) by 13.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,245 shares of the company’s stock after selling 8,075 shares during the quarter. Chicago Equity Partners LLC’s holdings in Kroger Company (The) were worth $1,028,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Kroger Company (The) by 2.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 137,719 shares of the company’s stock valued at $2,763,000 after acquiring an additional 3,092 shares during the last quarter. Seatown Holdings Pte. Ltd. purchased a new stake in shares of Kroger Company (The) during the third quarter valued at approximately $11,999,000. Sapphire Star Partners LP purchased a new stake in shares of Kroger Company (The) during the third quarter valued at approximately $241,000. Country Trust Bank increased its position in shares of Kroger Company (The) by 17.9% during the third quarter. Country Trust Bank now owns 1,033,163 shares of the company’s stock valued at $20,725,000 after acquiring an additional 157,073 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of Kroger Company (The) by 46.2% during the third quarter. Wedbush Securities Inc. now owns 15,238 shares of the company’s stock valued at $306,000 after acquiring an additional 4,812 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.

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A number of analysts recently commented on the company. BidaskClub raised Kroger Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Vetr raised Kroger Company (The) from a “buy” rating to a “strong-buy” rating and set a $27.01 price target for the company in a research report on Wednesday, August 9th. Stephens assumed coverage on Kroger Company (The) in a research report on Friday, August 11th. They set an “underweight” rating and a $20.00 price target for the company. Royal Bank Of Canada reaffirmed an “overweight” rating on shares of Kroger Company (The) in a research report on Thursday, September 7th. Finally, UBS AG downgraded Kroger Company (The) from an “outperform” rating to a “market perform” rating in a research report on Friday, September 8th. Nineteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.10.

Shares of Kroger Company (NYSE:KR) opened at $21.61 on Thursday. The stock has a market capitalization of $19,587.28, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.70 and a beta of 0.82. Kroger Company has a 52 week low of $19.69 and a 52 week high of $36.44. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.33 and a current ratio of 0.87.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $27.60 billion during 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 quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. equities analysts expect 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 paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio is 30.30%.

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.

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

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