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

The Kroger Co (KR) : Koshinski Asset Management reduced its stake in The Kroger Co by 0.08% during the most recent quarter end. The investment management company now holds a total of 80,619 shares of The Kroger Co which is valued at $2,520,956 after selling 61 shares in The Kroger Co , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.The Kroger Co makes up approximately 1.25% of Koshinski Asset Management’s portfolio.

Other Hedge Funds, Including , Crestpoint Capital Management boosted its stake in KR in the latest quarter, The investment management firm added 21,000 additional shares and now holds a total of 46,100 shares of The Kroger Co which is valued at $1,441,547. The Kroger Co makes up approx 0.75% of Crestpoint Capital Management’s portfolio.Pennsylvania Trust Co reduced its stake in KR by selling 113,048 shares or 93.2% in the most recent quarter. The Hedge Fund company now holds 8,253 shares of KR which is valued at $258,071. The Kroger Co makes up approx 0.02% of Pennsylvania Trust Co’s portfolio.Capstone Asset Management Co reduced its stake in KR by selling 4,129 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 286,730 shares of KR which is valued at $8,633,440. The Kroger Co makes up approx 0.25% of Capstone Asset Management Co’s portfolio.Legal General Group Plc reduced its stake in KR by selling 2,828 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 4,383,402 shares of KR which is valued at $131,984,234. The Kroger Co makes up approx 0.14% of Legal General Group Plc’s portfolio.Community Trust Investment Co boosted its stake in KR in the latest quarter, The investment management firm added 119,991 additional shares and now holds a total of 402,614 shares of The Kroger Co which is valued at $11,695,937. The Kroger Co makes up approx 1.49% of Community Trust Investment Co’s portfolio.

The Kroger Co opened for trading at $31.17 and hit $31.58 on the upside on Friday, eventually ending the session at $31.27, with a gain of 0.45% or 0.14 points. The heightened volatility saw the trading volume jump to 1,48,20,078 shares. Company has a market cap of $29,524 M.

On the company’s financial health, The Kroger Co reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Sep 9, 2016. Analyst had a consensus of $0.45. The company had revenue of $26565.00 million for the quarter, compared to analysts expectations of $26719.72 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Investors should note that on Sep 15, 2016, The Kroger Co announced a cash dividend of $0.1200. The company’s management has announced Nov 11, 2016 as the ex-dividend date and fixed the record date on Nov 15, 2016. The payable date has been fixed on Dec 1, 2016.

Many Wall Street Analysts have commented on The Kroger Co. Shares were Reiterated by Telsey Advisory Group on Sep 12, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $46 .Shares were Reiterated by RBC Capital Mkts on Sep 7, 2016 to “Sector Perform” and Lowered the Price Target to $ 37 from a previous price target of $39 .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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