Sumitomo Mitsui Trust Holdings Inc. Has $52.87 Million Stake in Kroger Company (The) (KR)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Kroger Company (The) (NYSE:KR) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,635,806 shares of the company’s stock after selling 49,147 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.30% of Kroger Company (The) worth $52,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KR. Howe & Rusling Inc. purchased a new position in shares of Kroger Company (The) in the third quarter worth about $103,000. Dupont Capital Management Corp purchased a new position in shares of Kroger Company (The) in the second quarter worth about $105,000. Cedar Wealth Management LLC increased its holdings in shares of 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 buying an additional 3,040 shares during the period. Grove Bank & Trust increased its holdings in shares of Kroger Company (The) by 9.3% in the second quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock worth $124,000 after buying an additional 450 shares during the period. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Kroger Company (The) in the second quarter worth about $128,000. Hedge funds and other institutional investors own 75.76% of the company’s stock.

KR has been the topic of several recent analyst reports. BidaskClub raised Kroger Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Vetr raised Kroger Company (The) from a “buy” rating to a “strong-buy” rating and set a $27.01 target price on the stock in a research note on Wednesday, August 9th. Stephens initiated coverage on Kroger Company (The) in a research note on Friday, August 11th. They issued an “underweight” rating and a $20.00 target price on the stock. Royal Bank Of Canada reissued an “overweight” rating on shares of Kroger Company (The) in a research note on Thursday, September 7th. Finally, UBS AG cut Kroger Company (The) from an “outperform” rating to a “market perform” rating in a research note on Friday, September 8th. Nineteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Kroger Company (The) currently has a consensus rating of “Hold” and an average price target of $29.10.

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Kroger Company (NYSE KR) opened at $23.41 on Monday. Kroger Company has a 1-year low of $19.69 and a 1-year high of $36.44. The stock has a market cap of $20,820.00, a P/E ratio of 12.26, a PEG ratio of 1.81 and a beta of 0.83. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 2.13.

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, hitting analysts’ consensus estimates 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 analyst estimates of $27.48 billion. During the same period in the previous year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. sell-side analysts predict that Kroger Company will post 1.99 EPS for the current fiscal year.

The company 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 dividend on an annualized basis and a yield of 2.14%. Kroger Company (The)’s payout ratio is currently 30.30%.

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.

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

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