Shares Observed in Overbought Territory: The Kroger Co. (NYSE:KR)

Andrew Cummings
December 1, 2017

Todd Asset Management LLC bought a new stake in shares of Kroger Co (NYSE:KR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The company said that it had $0.44 in earnings per share (EPS) and $27.75 billion in revenue, compared with consensus estimates from Thomson Reuters of $0.40 in EPS and revenue of $27.46 billion.

The biggest institutional shareholders in Kroger Company (The) include Vanguard Group Inc which owns 69 million shares in the company valued at $1.61 B million.

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Kroger Co (NYSE KR) traded up $1.48 during mid-day trading on Thursday, reaching $25.86. FMR LLC increased its position in shares of Kroger by 17.7% during the second quarter. Capital Research Global Investors is the second biggest holder with 64 million shares now valued at 1.49 B million whilst Fidelity Management and Research Company has 48 million shares valued at 1.13 B million.

On the books, Kroger's cash and temporary investments totaled $352 million at the end of the quarter, down from $374 million in the same period from past year. Vetr raised Kroger from a "buy" rating to a "strong-buy" rating and set a $27.01 target price on the stock in a research report on Wednesday, August 9th. Kroger Company has a 52 week low of $19.69 and a 52 week high of $36.44. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 2.13. Zacks Investment Research lowered Kroger from a "hold" rating to a "strong sell" rating in a research note on Monday, October 16th. 3,371,541 shares of the company were exchanged, compared to its average volume of 12,108,404. The company has a market cap of $20,957.14, a PE ratio of 12.34, a P/E/G ratio of 2.95 and a beta of 0.82.

Revenue rose 4.5% to $27.75bn, beating forecasts of $27.46bn, while net earnings jumped to $391m across the quarter ended 4 November, for a $6m year-on-year gain. Kroger now has an average rating of "Hold" and a consensus target price of $36.05.

In terms of guidance for the fiscal 2017 full year, management expects to see EPS in the range of $2.00 to $2.05, as well as identical supermarket sales growth exceeding 1.1%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.93%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. The ex-dividend date is Thursday, May 11th. Kroger's dividend payout ratio (DPR) is presently 30.30%.

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