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

NATION-NOW     Kroger rebounds with a $397M profit     
       Kroger rebounds with a $397M profit

Kroger reported earnings of $397 million, or $0.44 per diluted share, in its third financial quarter of 2017, according to a company release. Institutional investors own 77.10% of the company's stock. Discounting fuel, the LIFO charge and ModernHEALTH, gross margin jumped 30 basis points over the comparable period past year.

Several other institutional investors have also recently modified their holdings of KR. Later today, the company is expected to announce the brand name of a new casual clothing line that it plans to launch next year at more than 300 Kroger Marketplace and Fred Meyer stores nationwide.

Kroger Co (NYSE KR) traded up $1.48 during mid-day trading on Thursday, reaching $25.86. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.87 and a quick ratio of 0.33. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 68,657,857 shares of the stock are valued at $1.67 billion. Zacks Investment Research downgraded Kroger Company (The) from a "hold" rating to a "sell" rating in a research report on Tuesday, August 29th.

Over the past 50 days, The Kroger Co. stock's 5.98% off of the high and 31.34% removed from the low.

Kroger (NYSE KR) opened at $25.86 on Friday. Fourth quarter identical store sales are now projected to exceed 1.1%, although the company did not indicate by how much.

The results represent a mini-rebound for the company, which has seen profits suffer as it slashed prices to compete with Walmart and Target - as well as Amazon since its acquisition of Whole Foods - in an increasingly competitive landscape for grocers. Jefferies Group LLC restated a "hold" rating on shares of Kroger Company (The) in a research note on Friday, August 25th. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. 24,795,048 shares of the company were exchanged, compared to its average volume of 12,086,863. Equities analysts expect that Kroger Co will post $2.19 EPS for the current fiscal year. While in the same Quarter Previous year, the Actual EPS was $0.41. Kroger posted earnings of 41 cents per share in last year's third quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.125 per share. The third largest holder is Capital Research Global Investors, which now holds $1.34 billion worth of this stock and that ownership represents almost 5.78% of its market capitalization. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. The ex-dividend date is Thursday, May 11th. Kroger's dividend payout ratio (DPR) is 30.30%. The company presently has an average rating of "Hold" and an average target price of $29.10.

Related News:

  • Pope urges 'decisive' measures on Rohingya crisis

    Pope urges 'decisive' measures on Rohingya crisis

    His Bangladesh visit comes days after a priest, Walter William Rosario, went missing in Natore district, where a Christian businessman was murdered a year ago .
    Xiaomi Redmi 5 specs and press renders leaked ahead of December announcement

    Xiaomi Redmi 5 specs and press renders leaked ahead of December announcement

    For photography, the device is equipped with a 13-megapixel rear camera with PDAF support, and a 5-megapixel snapper for selfies. It's also worth mentioning Xiaomi's Redmi 5 will boast a large 5.7-inch display, but resolution remains HD+ (1440 x 720 pixels).
    Two More Women Accuse Al Franken of Sexual Misconduct

    Two More Women Accuse Al Franken of Sexual Misconduct

    Franken released a statement on Monday, November 27, saying that he is going to be "a lot more sensitive, and a lot more careful". When she took a photo with him, she claims, he groped her breast. "I felt demeaned.
  • Candidate's issue in race for attorney general: genitals

    Candidate's issue in race for attorney general: genitals

    Dana Nessel , a Democrat running to be Michigan's Attorney General, has a simple pitch: She does not have a penis. On Wednesday, Nessel defended her ad on a local TV news broadcast, saying that it didn't cross the line.
    Crime rate up in Telangana, spurt in rape and cheating cases

    Crime rate up in Telangana, spurt in rape and cheating cases

    A total of 2.23 lakh criminal offences were registered with the railway police previous year , up from 1.96 lakh in 2015. As of a year ago , there are 94,919 people in Maharashtra declared as missing, again the highest number in the country.
    Could Your Apple Watch Save Your Life?

    Could Your Apple Watch Save Your Life?

    This study is being conducted in collaboration with Stanford Medicine to accelerate discovery in heart science. Now go to the Identify your Apple Watch web page and match your model number to the list.
  • Inc. Sells 1239403 Shares of Micron Technology, Inc. (NASDAQ:MU)

    Inc. Sells 1239403 Shares of Micron Technology, Inc. (NASDAQ:MU)

    The rating was downgraded by BNP Paribas on Monday, November 21 to "Neutral". (NASDAQ:MU) rating on Thursday, October 12. Deboer sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, September 12th.

    The Current Analyst Recommendations for Occidental Petroleum Corporation (OXY), Medtronic plc (MDT)

    The expected future growth in earnings per share ("EPS") is an incredibly important factor in identifying an under-valued stock. The stock of Anadarko Petroleum Corporation (NYSE: APC ) has "Perform" rating given on Thursday, October 29 by Oppenheimer.
    Sheriff urges citizens to search their property for missing child

    Sheriff urges citizens to search their property for missing child

    A statewide Amber Alert was issued for the girl after she was reported missing from her home outside of Jacksonville on Monday. Though authorities have not shared much about the investigation, they do not believe there is a threat to the general public.
  • Conor McGregor receives £350 fine for speeding

    Conor McGregor receives £350 fine for speeding

    Flanked by reporters, McGregor sped away from court in a BMW i8 (of course), but not before seemingly antagonizing the mob. McGregor then rolled up to the courthouse in a £200,000 BMW i8 sports auto before being handed the £350 fine.
    Pitino files lawsuit against athletic board over firing

    Pitino files lawsuit against athletic board over firing

    Pitino was sacked for cause last month by the association's board amid an FBI investigation into college basketball recruiting. He also sued Adidas, claiming the shoe company tarnished his reputation and inflicted emotional damage upon him.
    Microsoft Edge browser now available for all Android and iOS users

    Microsoft Edge browser now available for all Android and iOS users

    I just wrote about the recent update that removed the preview tag yesterday, but neglected to mention the status change. Microsoft Edge for mobile is mainly useful if you tend to resume a lot of browsing from a phone to a Windows 10 PC.


Most liked

Sabrina the Teenage Witch Moves To Netflix For 2 Season Order
No word on if that plan has changed now that the show has jumped from The CW to Netflix. The writers room will open next week, and filming will begin in February 2018.

Don't miss this year's first and last supermoon
There are plenty of places around the US where you can enjoy the Supermoon as long as the sky is clear, even if just for a minute. Its stronger gravitational pull can cause larger than usual tides and create heightened flood risks.

Increasing clouds, cooler Thursday; Early showers clearing Friday
We'll continue our stretch of above average days through early next week before colder air is expected to settle in by Wednesday . The front will trigger showers for this afternoon mainly between 2-6 pm and temperatures will fall behind the cold front.

United Nations war crimes defendant claims to have taken poison in court
Judge Agius declared the courtroom to be a crime scene as he restarted the hearing, though gave no further details. The Croatian prime minister, Andrej Plenković, confirmed his death and offered his condolences to the family.

Israeli Settlers Seek Refuge Following Shooting Incident South of Nablus
It was not immediately clear if the Israelis coordinated their hike with the military, as is generally required in the West Bank. The Samaria Regional Council said the incident was an attempted lynching in which some 100 Palestinians took part.

Tiger Woods returns and plays well at Hero World Challenge
He admitted he had not known what to expect on his return to competitive golf. "I didn't know what I could do". It was fun to get out there and actually be part of a scorecard again.

Ed Sheeran duets with Beyonce
The original song appears on his third album ÷,which was nominated in the Best Pop Vocal Album Grammy category. We knew Ed Sheeran was tight with Beyoncé , but we never dreamed that they'd collaborate one day.

N-Out Burger coming to Colorado Springs
The burger chain now operates more than 300 locations in six states: California, Utah, Arizona, Texas, Nevada and Oregon. In-N-Out will build a distribution facility and office building on a 22.4-acre parcel for future growth in the state.

Prince William hand-delivers Prince George's letter to Santa
Kensington Palace posted a photo of Prince William delivering the letter as he visited the Christmas Markets in Esplanade Park. Yesterday William joked that brother Harry's engagement to Meghan Markle should hopefully stop him nicking his food .

Rey & Rose Star On Marvel's Star Wars Galactic Icon Variant Covers
The director visited Fisher at her home in Beverly Hills, where they went over the script for The Last Jedi in her bedroom. That's one thing I hope people will be surprised about with the movie.

'Gomer Pyle' star Jim Nabors dead at 87
A gifted singer, his 1966 album "Jim Nabors Sings with All Your Heart" cracked the Billboard Top 25 chart and went gold. His breakout role was on "The Andy Griffith Show", where he played a senseless mechanic Gomer Pyle for two seasons.

Manafort Agrees to Post $11.7 Million in Property in Bail Deal
Manafort has been an global political consultant for many years", his attorney, Kevin Downing, said. Prosecutors sought $10 million to secure Manafort's appearance at trial and $5 million for Gates.

Donald Trump edges closer to moving U.S. embassy in Israel to Jerusalem
Donald Trump is considering recognizing Jerusalem as Israel's capital, in a controversial step likely to heighten tensions in the region.

Atlantic hurricane season is finally over; see photo galleries from the storms
She added that this year's hurricane season brought with it 17 named storms, 10 hurricanes, and six major hurricanes. Hurricane Maria increased strength very rapidly, ramping up from a Category 1 storm to Category 5 in just 15 hours.

Reports show flu vaccine won't be effective
Last flu season, 315 people were hospitalized due to flu in Spokane County and 14 patients died due to flu-related complications. Trivalent vaccine The traditional vaccine created to protect against three different flu viruses-two A viruses and one B virus.