The Kroger Co (KR) Position Boosted by TIAA CREF Trust Co. FSB MO

The Kroger Co (KR) Position Boosted by TIAA CREF Trust Co. FSB MO

Other institutional investors also recently made changes to their positions in the company. AMG National Trust Bank acquired a new stake in Kroger during the first quarter worth $994,000. Massmutual Trust Co. FSB ADV increased its stake in Kroger by 322.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 30,191 shares of the company’s stock worth $890,000 after buying an additional 23,050 shares during the period. Tower Bridge Advisors acquired a new stake in Kroger during the first quarter worth $211,000. Daiwa Securities Group Inc. increased its stake in Kroger by 6.8% in the first quarter. Daiwa Securities Group Inc. now owns 25,100 shares of the company’s stock worth $740,000 after buying an additional 1,600 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in Kroger by 44.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 202,515 shares of the company’s stock worth $6,053,000 after buying an additional 61,983 shares during the period. 77.10% of the stock is owned by institutional investors.

TIAA CREF Trust Co. FSB MO increased its position in Kroger Co (NYSE:KR) by 507.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,721 shares of the company’s stock after buying an additional 115,047 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in Kroger were worth $4,061,000 at the end of the most recent reporting period.

Shares of Kroger Co (NYSE:KR) opened at 30.13 on Monday. Kroger Co has a 52-week low of $28.29 and a 52-week high of $37.97. The company has a market capitalization of $27.55 billion, a price-to-earnings ratio of 14.70 and a beta of 0.78. The firm’s 50-day moving average is $29.53 and its 200 day moving average is $31.73.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, March 2nd. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Kroger had a net margin of 1.77% and a return on equity of 31.48%. The company had revenue of $27.61 billion for the quarter, compared to the consensus estimate of $27.31 billion. During the same period in the prior year, the firm posted $0.57 EPS. Kroger’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Kroger Co will post $2.19 earnings per share for the current year. The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, May 11th. Kroger’s dividend payout ratio (DPR) is 23.08%.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, March 2nd. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Kroger had a net margin of 1.77% and a return on equity of 31.48%. The company had revenue of $27.61 billion for the quarter, compared to the consensus estimate of $27.31 billion. During the same period in the prior year, the firm posted $0.57 EPS. Kroger’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Kroger Co will post $2.19 earnings per share for the current year. A number of equities research analysts recently weighed in on the stock. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $38.00 price target (up from $36.00) on shares of Kroger in a research note on Wednesday, February 22nd. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating in a report on Monday, February 20th. Vetr cut shares of Kroger from a “strong-buy” rating to a “buy” rating and set a $37.30 price objective for the company. in a report on Monday, February 13th. Barclays PLC restated an “equal weight” rating and set a $33.00 price objective on shares of Kroger in a report on Tuesday, February 28th. Finally, Guggenheim restated a “buy” rating and set a $40.00 price objective on shares of Kroger in a report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.05.

In other news, Director Ronald Sargent sold 4,465 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $29.35, for a total transaction of $131,047.75. Following the sale, the director now owns 81,240 shares of the company’s stock, valued at approximately $2,384,394. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan J. Kropf sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $29.90, for a total transaction of $299,000.00. Following the sale, the director now directly owns 84,673 shares in the company, valued at approximately $2,531,722.70. The disclosure for this sale can be found here. Insiders have sold a total of 74,604 shares of company stock worth $2,234,714 over the last three months. 0.85% of the stock is currently owned by insiders. About Kroger

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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