Winch Advisory Services Lowers stake in The Kroger Co (KR)

The Kroger Co (KR) : Winch Advisory Services reduced its stake in The Kroger Co by 0.37% during the most recent quarter end. The investment management company now holds a total of 9,497 shares of The Kroger Co which is valued at $331,065 after selling 35 shares in The Kroger Co , the firm said in a disclosure report filed with the SEC on May 12, 2016.The Kroger Co makes up approximately 0.55% of Winch Advisory Services’s portfolio.

Other Hedge Funds, Including , Mackenzie Financial Corp boosted its stake in KR in the latest quarter, The investment management firm added 16,629 additional shares and now holds a total of 52,693 shares of The Kroger Co which is valued at $1.8 Million. The Kroger Co makes up approx 0.02% of Mackenzie Financial Corp’s portfolio.Ls Investment Advisors boosted its stake in KR in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 28,984 shares of The Kroger Co which is valued at $1 Million. The Kroger Co makes up approx 0.08% of Ls Investment Advisors’s portfolio.Dixon Hubard Feinour Brown Incva reduced its stake in KR by selling 3,890 shares or 2.79% in the most recent quarter. The Hedge Fund company now holds 135,640 shares of KR which is valued at $4.7 Million. The Kroger Co makes up approx 1.55% of Dixon Hubard Feinour Brown Incva’s portfolio.Jennison Associates boosted its stake in KR in the latest quarter, The investment management firm added 876,290 additional shares and now holds a total of 22,065,063 shares of The Kroger Co which is valued at $762.3 Million. The Kroger Co makes up approx 0.81% of Jennison Associates’s portfolio.Agf Investments America reduced its stake in KR by selling 11,687 shares or 5.93% in the most recent quarter. The Hedge Fund company now holds 185,253 shares of KR which is valued at $6.4 Million. The Kroger Co makes up approx 4.66% of Agf Investments America’s portfolio.

The Kroger Co closed down -0.21 points or -0.60% at $34.62 with 61,74,013 shares getting traded on Friday. Post opening the session at $34.95, the shares hit an intraday low of $34.465 and an intraday high of $34.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, The Kroger Co reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $0.54. The company had revenue of $26165.00 million for the quarter, compared to analysts expectations of $26275.91 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

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.Shares were Reiterated by Pivotal Research Group on Mar 4, 2016 to “Buy” and Lowered the Price Target to $ 44 from a previous price target of $46 .

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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