Foster Motley Inc Lowers stake in The Kroger Co (KR)

The Kroger Co (KR) : Foster Motley Inc reduced its stake in The Kroger Co by 8.11% during the most recent quarter end. The investment management company now holds a total of 259,590 shares of The Kroger Co which is valued at $9,236,212 after selling 22,901 shares in The Kroger Co , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.The Kroger Co makes up approximately 1.84% of Foster Motley Inc’s portfolio.

The Kroger Co closed down -0.89 points or -2.44% at $35.58 with 1,29,71,580 shares getting traded on Friday. Post opening the session at $36.36, the shares hit an intraday low of $35.13 and an intraday high of $36.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Capital One National Association sold out all of its stake in KR during the most recent quarter. The investment firm sold 5,125 shares of KR which is valued $182,348.Murphy Capital Management Inc reduced its stake in KR by selling 1,050 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 60,201 shares of KR which is valued at $2,141,952. The Kroger Co makes up approx 0.33% of Murphy Capital Management Inc’s portfolio.Highland Capital Management boosted its stake in KR in the latest quarter, The investment management firm added 22,476 additional shares and now holds a total of 29,446 shares of The Kroger Co which is valued at $1,086,852. The Kroger Co makes up approx 0.09% of Highland Capital Management’s portfolio.Creative Planning reduced its stake in KR by selling 21,481 shares or 23.83% in the most recent quarter. The Hedge Fund company now holds 68,676 shares of KR which is valued at $2,552,687. The Kroger Co makes up approx 0.02% of Creative Planning’s portfolio.

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.

Investors should note that on Mar 10, 2016, The Kroger Co announced a cash dividend of $0.1050. The company’s management has announced May 11, 2016 as the ex-dividend date and fixed the record date on May 13, 2016. The payable date has been fixed on Jun 1, 2016.

Many Wall Street Analysts have commented on The Kroger Co. 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 was Downgraded by Macquarie to ” Underperform” on Mar 4, 2016. Stifel Initiated The Kroger Co on Feb 12, 2016 to “Buy”, Price Target of the shares are set at $45.

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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