The Kroger Co (KR) : Cranbrook Wealth Management reduced its stake in The Kroger Co by 25.0% during the most recent quarter end. The investment management company now holds a total of 960 shares of The Kroger Co which is valued at $31,872 after selling 320 shares in The Kroger Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.The Kroger Co makes up approximately 0.02% of Cranbrook Wealth Management’s portfolio.
Other Hedge Funds, Including , Quantbot Technologies Lp boosted its stake in KR in the latest quarter, The investment management firm added 140,915 additional shares and now holds a total of 182,745 shares of The Kroger Co which is valued at $6,067,134. The Kroger Co makes up approx 0.62% of Quantbot Technologies Lp’s portfolio. Hedeker Wealth added KR to its portfolio by purchasing 20,254 company shares during the most recent quarter which is valued at $692,484. The Kroger Co makes up approx 0.58% of Hedeker Wealth’s portfolio. Atalanta Sosnoff Capital added KR to its portfolio by purchasing 11,175 company shares during the most recent quarter which is valued at $397,495. The Kroger Co makes up approx 0.01% of Atalanta Sosnoff Capital’s portfolio.Mechanics Bank Trust Department reduced its stake in KR by selling 1,100 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 61,270 shares of KR which is valued at $2,230,228. The Kroger Co makes up approx 0.80% of Mechanics Bank Trust Department’s portfolio.Murphy Capital Management Inc reduced its stake in KR by selling 23,305 shares or 38.71% in the most recent quarter. The Hedge Fund company now holds 36,896 shares of KR which is valued at $1,343,014. The Kroger Co makes up approx 0.20% of Murphy Capital Management Inc’s portfolio.
The Kroger Co closed down -0.31 points or -0.95% at $32.31 with 1,18,37,880 shares getting traded on Monday. Post opening the session at $32.62, the shares hit an intraday low of $32.27 and an intraday high of $32.71 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 $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 16, 2016. Analyst had a consensus of $0.69. The company had revenue of $34604.00 million for the quarter, compared to analysts expectations of $34728.52 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.
Investors should note that on Jun 23, 2016, The Kroger Co announced a cash dividend of $0.1200. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 1, 2016.
Many Wall Street Analysts have commented on The Kroger Co. The Kroger Co was Upgraded by Goldman to ” Buy” on Jul 26, 2016. Piper Jaffray Initiated The Kroger Co on May 10, 2016 to “Underweight”, Price Target of the shares are set at $29.
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.