Palladium Partners buys $13,323,346 stake in The Kroger Co (KR)

The Kroger Co (KR) : Palladium Partners scooped up 8,799 additional shares in The Kroger Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 366,026 shares of The Kroger Co which is valued at $13,323,346.The Kroger Co makes up approximately 1.17% of Palladium Partners’s portfolio.

Other Hedge Funds, Including , Trust Co Of Vermont boosted its stake in KR in the latest quarter, The investment management firm added 361 additional shares and now holds a total of 1,214 shares of The Kroger Co which is valued at $44,190. The Kroger Co makes up approx 0.01% of Trust Co Of Vermont’s portfolio.Crestpoint Capital Management boosted its stake in KR in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 25,100 shares of The Kroger Co which is valued at $912,134. The Kroger Co makes up approx 0.47% of Crestpoint Capital Management’s portfolio.Central Bank Trust Co boosted its stake in KR in the latest quarter, The investment management firm added 30,729 additional shares and now holds a total of 112,164 shares of The Kroger Co which is valued at $4,203,907. The Kroger Co makes up approx 1.18% of Central Bank Trust Co’s portfolio.Benjamin F. Edwards Company reduced its stake in KR by selling 5,339 shares or 42.5% in the most recent quarter. The Hedge Fund company now holds 7,222 shares of KR which is valued at $270,681. The Kroger Co makes up approx 0.05% of Benjamin F. Edwards Company’s portfolio. West Oak Capital added KR to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $7,572. The Kroger Co makes up approx 0.01% of West Oak Capital’s portfolio.

The Kroger Co opened for trading at $36.39 and hit $36.55 on the upside on Wednesday, eventually ending the session at $36.4, with a gain of 0.52% or 0.19 points. The heightened volatility saw the trading volume jump to 41,27,015 shares. Company has a market cap of $34,543 M.

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. Piper Jaffray Initiated The Kroger Co on May 10, 2016 to “Underweight”, Price Target of the shares are set at $29.Sun Trust Rbsn Humphrey Initiated The Kroger Co on May 3, 2016 to “Neutral”, Price Target of the shares are set at $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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