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.

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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.

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