Auxier Asset Management Lowers stake in The Kroger Co (KR)

The Kroger Co (KR) : Auxier Asset Management reduced its stake in The Kroger Co by 1.31% during the most recent quarter end. The investment management company now holds a total of 403,638 shares of The Kroger Co which is valued at $14.1 Million after selling 5,350 shares in The Kroger Co , the firm said in a disclosure report filed with the SEC on May 13, 2016.The Kroger Co makes up approximately 3.34% of Auxier Asset Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in KR by selling 119,240 shares or 3.38% in the most recent quarter. The Hedge Fund company now holds 3,409,601 shares of KR which is valued at $118.9 Million. The Kroger Co makes up approx 0.19% of Parametric Portfolio Associates’s portfolio. Numeric Investors sold out all of its stake in KR during the most recent quarter. The investment firm sold 7,300 shares of KR which is valued $252,215.Raveneur Investment Group Lp boosted its stake in KR in the latest quarter, The investment management firm added 17,267 additional shares and now holds a total of 332,117 shares of The Kroger Co which is valued at $11.5 Million. The Kroger Co makes up approx 5.70% of Raveneur Investment Group Lp’s portfolio.

The Kroger Co closed down -0.58 points or -1.63% at $34.94 with 69,92,724 shares getting traded on Wednesday. Post opening the session at $35.55, the shares hit an intraday low of $34.83 and an intraday high of $35.69 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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