Burney Co Lowers stake in The Kroger Co (KR)

The Kroger Co (KR) : Burney Co reduced its stake in The Kroger Co by 15.73% during the most recent quarter end. The investment management company now holds a total of 637,153 shares of The Kroger Co which is valued at $22,070,980 after selling 118,954 shares in The Kroger Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.The Kroger Co makes up approximately 1.54% of Burney Co’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co reduced its stake in KR by selling 117,985 shares or 48.03% in the most recent quarter. The Hedge Fund company now holds 127,656 shares of KR which is valued at $4,422,004. The Kroger Co makes up approx 0.19% of Paloma Partners Management Co’s portfolio.Swiss National Bank reduced its stake in KR by selling 70,700 shares or 2.72% in the most recent quarter. The Hedge Fund company now holds 2,524,896 shares of KR which is valued at $78,877,751. The Kroger Co makes up approx 0.13% of Swiss National Bank’s portfolio. United Asset Strategies added KR to its portfolio by purchasing 143,545 company shares during the most recent quarter which is valued at $4,438,411. The Kroger Co makes up approx 1.60% of United Asset Strategies’s portfolio.Cfo4life reduced its stake in KR by selling 668 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 19,020 shares of KR which is valued at $594,565. The Kroger Co makes up approx 0.53% of Cfo4life’s portfolio.

The Kroger Co closed down -0.07 points or -0.21% at $33.45 with 53,40,260 shares getting traded on Monday. Post opening the session at $33.51, the shares hit an intraday low of $33.23 and an intraday high of $33.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, The Kroger Co reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Sep 9, 2016. Analyst had a consensus of $0.45. The company had revenue of $26565.00 million for the quarter, compared to analysts expectations of $26719.72 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on The Kroger Co. Shares were Reiterated by Telsey Advisory Group on Sep 12, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $46 .Shares were Reiterated by RBC Capital Mkts on Sep 7, 2016 to “Sector Perform” and Lowered the Price Target to $ 37 from a previous price target of $39 .

The Kroger Co. (Kroger) operates retail food and drug stores multi-department stores jewelry stores and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated either directly or through its subsidiaries approximately 2625 supermarkets and multi-department stores approximately 1330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities including some Company-owned buildings on leased land. The Company operates its 2640 supermarket and multi-department stores under banners including Kroger City Market Dillons Food 4 Less Fred Meyer Fry’s Harris Teeter Jay C King Soopers QFC Ralphs and Smith’s. Of these stores 1330 have fuel centers. The Company also operates 782 convenience stores either directly or through franchisees 326 fine jewelry stores and an online retailer.

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