Dixon Hubard Feinour Brown Incva buys $4,430,554 stake in The Kroger Co (KR)

The Kroger Co (KR) : Dixon Hubard Feinour Brown Incva scooped up 350 additional shares in The Kroger Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 135,990 shares of The Kroger Co which is valued at $4,430,554.The Kroger Co makes up approximately 1.37% of Dixon Hubard Feinour Brown Incva’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group boosted its stake in KR in the latest quarter, The investment management firm added 16,542 additional shares and now holds a total of 27,814 shares of The Kroger Co which is valued at $906,180. The Kroger Co makes up approx 0.01% of Atlantic Trust Group’s portfolio.Hemenway Trust Co boosted its stake in KR in the latest quarter, The investment management firm added 325 additional shares and now holds a total of 128,000 shares of The Kroger Co which is valued at $4,134,400. The Kroger Co makes up approx 1.05% of Hemenway Trust Co’s portfolio. Waratah Capital Advisors Ltd. added KR to its portfolio by purchasing 49,270 company shares during the most recent quarter which is valued at $1,607,187. The Kroger Co makes up approx 0.32% of Waratah Capital Advisors Ltd.’s portfolio. Northpointe Capital sold out all of its stake in KR during the most recent quarter. The investment firm sold 59,888 shares of KR which is valued $2,130,216.

The Kroger Co closed down -0.61 points or -1.86% at $32.25 with 1,10,38,824 shares getting traded on Tuesday. Post opening the session at $32.58, the shares hit an intraday low of $32.25 and an intraday high of $32.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on The Kroger Co. The Kroger Co was Upgraded by Goldman to ” Buy” on Jul 26, 2016.

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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