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Shares in Kroger Co (NYSE:KR) Acquired by Todd Asset Management LLC

01 December 2017

North America's largest supermarket chain Kroger on Thursday posted quarterly sales and profits which came in ahead of expectations as competitive pricing brought customers through its doors in droves.

Analysts are also projecting an Average Revenue Estimate for The Kroger $27.46 Million in the Current Quarter. North Star Investment Management Corp. now owns 13,443 shares of the company's stock valued at $313,000 after purchasing an additional 3,190 shares during the last quarter. "We remain confident in our ability to continue to grow identical supermarket store sales and market share for the balance of the year and in 2018". The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04, Bloomberg Earnings reports.

Many analysts have provided their estimated foresights on The Kroger Co.

The biggest institutional shareholders in Kroger Company (The) include Vanguard Group Inc which owns 69 million shares in the company valued at $1.61 B million.

Based on the latest filings with the SEC, investors are looking at The Kroger Co. CWM LLC now owns 5,213 shares of the company's stock worth $122,000 after buying an additional 4,800 shares during the period. The company's revenue for the quarter was up 5.5% on a year-over-year basis. The company had a trading volume of 64,060,258 shares, compared to its average volume of 12,311,853.

KR has been the topic of a number of analyst reports. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The Kroger Co. now has an average analyst recommendation of 2.50 according to analysts. Capital Research Global Investors is the second biggest holder with 64 million shares now valued at 1.49 B million whilst Fidelity Management and Research Company has 48 million shares valued at 1.13 B million. Sales, discounting fuel, increased 3% in the third quarter versus the comparable period previous year. The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Finally, Royal Bank Of Canada reaffirmed an "overweight" rating on shares of Kroger in a research report on Thursday, September 7th. Investors of record on Wednesday, November 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, November 14th. Kroger Company (The)'s dividend payout ratio is 30.30%. Zacks Investment Research upgraded shares of Kroger from a "sell" rating to a "hold" rating in a report on Friday, November 10th.

Shares in Kroger Co (NYSE:KR) Acquired by Todd Asset Management LLC