The Kroger Co (KR) : Rr Partners Lp reduced its stake in The Kroger Co by 2.23% during the most recent quarter end. The investment management company now holds a total of 7,950,100 shares of The Kroger Co which is valued at $259,014,258 after selling 181,000 shares in The Kroger Co , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.The Kroger Co makes up approximately 10.46% of Rr Partners Lp’s portfolio.
Other Hedge Funds, Including , Schwab Charles Investment Management Inc reduced its stake in KR by selling 1,145,820 shares or 27.31% in the most recent quarter. The Hedge Fund company now holds 3,049,397 shares of KR which is valued at $99,349,354. The Kroger Co makes up approx 0.12% of Schwab Charles Investment Management Inc’s portfolio.Allianz Asset Management Ag reduced its stake in KR by selling 271,188 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 7,558,891 shares of KR which is valued at $246,268,669. The Kroger Co makes up approx 0.34% of Allianz Asset Management Ag’s portfolio.Cable Hill Partners reduced its stake in KR by selling 700 shares or 82.55% in the most recent quarter. The Hedge Fund company now holds 148 shares of KR which is valued at $4,822.Janus Capital Management boosted its stake in KR in the latest quarter, The investment management firm added 4,550,220 additional shares and now holds a total of 35,280,006 shares of The Kroger Co which is valued at $1,149,422,595. The Kroger Co makes up approx 0.94% of Janus Capital Management’s portfolio.
The Kroger Co closed down -0.03 points or -0.09% at $31.96 with 74,68,377 shares getting traded on Thursday. Post opening the session at $32.1, the shares hit an intraday low of $31.81 and an intraday high of $32.15 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.