Published: Fri, June 16, 2017
Economy | By Melissa Porter

Sale on milk and eggs: Kroger cuts outlook amid price fight

It turned negative, as 76 investors sold Kroger Co shares while 273 reduced holdings. The shares were sold at an average price of $29.35, for a total transaction of $131,047.75. Signature Estate & Investment Advisors LLC purchased a new position in shares of Kroger Company (The) during the first quarter valued at about $102,000. Mcf Limited Liability Co has 0% invested in Kroger Co (NYSE:KR). Jefferies maintained the shares of KR in report on Monday, September 14 with "Hold" rating. Following the transaction, the insider now directly owns 249,208 shares of the company's stock, valued at approximately $7,478,732.08.

Blackrock Invest Mngmt Limited Liability Corp holds 7.90M shares or 0.32% of its portfolio. Wetherby Asset Management Inc. boosted its stake in shares of Kroger Company (The) by 17.8% in the fourth quarter.

Kroger Company (KR) traded down 13.41% during mid-day trading on Thursday, hitting $26.22. The company had a trading volume of 50,066,176 shares.

Wells Fargo kept their "Buy" rating on Kroger Company (NYSE:KR) in an analyst note revealed on Monday morning. (NYSE:KR)'s stock about -19.01% from the 50-day high and -12.23% away from the 50-day low. The firm has a market cap of $22.63 billion, a PE ratio of 12.0728 and a beta of 0.73. Kroger Company (The) also was the recipient of unusually large options trading activity on Monday. This time around, the options market is pricing in a 7.7% swing for the stock, regardless of direction. This is an increase of approximately 470% compared to the typical volume of 2,021 put options.

Even so, those higher sales are coming at the expense of margins; Kroger now expects full-year 2017 GAAP net earnings per share of $1.74 to $1.79, and adjusted net earnings per share of $2.00 to $2.05 (down from $2.21 to $2.25 per share previously). The expected KR's profit could reach $525.26 million giving the stock 13.30 P/E in the case that $0.57 earnings per share is reported. The business's revenue was up 4.9% on a year-over-year basis. The company provided earnings per share (EPS) guidance of $2.00-2.05 for the period, compared to the Thomson Reuters consensus estimate of $2.19. Pictet Asset owns 0.07% invested in Kroger Co (NYSE:KR) for 524,128 shares. If you are accessing this report on another domain, it was copied illegally and reposted in violation of USA and global trademark and copyright laws. Kroger Co (NYSE:KR) has declined 16.08% since June 14, 2016 and is downtrending.

03/07/2017 - Kroger Company (The) was downgraded to "neutral" by analysts at Northcoast Research. BMO Capital Markets set a $35.00 price objective on Kroger Company (The) and gave the stock a "hold" rating in a research report on Saturday, March 4th. MUFG Americas Holdings Corp now owns 10,376 shares of the company's stock worth $358,000 after buying an additional 800 shares in the last quarter. Zacks Investment Research upgraded Kroger Company (The) from a "sell" rating to a "hold" rating in a research report on Tuesday, May 9th. The Cincinnati company stressed that it does not plan to "lose on price". Jefferies has "Hold" rating and $40 target. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company's stock. The stock now has an average rating of Hold and a consensus price target of $36.05.

In other Kroger Company (The) news, insider Michael Joseph Donnelly sold 17,600 shares of Kroger Company (The) stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $29.90, for a total value of $299,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Following the sale, the insider now owns 254,008 shares of the company's stock, valued at $7,620,240. The disclosure for this sale can be found here. Over the past month the firm's stock is 3.91%, 4.99% for the last quarter, -11.51% for the past six-months and -15.32% for the previous year. Corporate insiders own 0.87% of the company's stock.

The Kroger Co. manufactures and processes food for sale in its supermarkets. Several Lidl stores opened across the nation on Thursday, the grocery chain's first stores in the United States.

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