Kroger Co. Plans Quarterly Dividend of $0.17 (KR)
Kroger (NYSE:KR) declared a quarterly dividend on Friday, January 17th, American Banking News.com reports. Investors of record on Saturday, February 15th will be given a dividend of 0.165 per share on Saturday, March 1st. This represents a $0.66 dividend on an annualized basis and a yield of 1.77%.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of Kroger from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $39.00 price target on the stock, down previously from $48.00. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Kroger in a research note to investors on Tuesday, December 10th. They now have a $42.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Kroger from $38.00 to $40.00 in a research note to investors on Friday, December 6th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $41.26.
Kroger (NYSE:KR) traded down 1.31% during mid-day trading on Friday, hitting $36.86. The stock had a trading volume of 3,754,671 shares. Kroger has a 52-week low of $26.66 and a 52-week high of $43.85. The stock’s 50-day moving average is $39.83 and its 200-day moving average is $39.81. The company has a market cap of $19.039 billion and a price-to-earnings ratio of 12.54.
Kroger (NYSE:KR) last announced its earnings results on Thursday, December 5th. The company reported $0.53 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.53. The company had revenue of $22.51 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Kroger will post $2.79 EPS for the current fiscal year.
The Kroger Co is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets.
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