The Kroger Co. Declares Quarterly Dividend of $0.17 (KR)
The Kroger (NYSE:KR) announced a quarterly dividend on Thursday, June 26th, American Banking News reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.165 per share on Monday, September 1st. This represents a $0.66 annualized dividend and a dividend yield of 1.34%.
A number of research firms have recently commented on KR. Analysts at Morgan Stanley initiated coverage on shares of The Kroger in a research note on Wednesday. They set an “overweight” rating and a $60.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of The Kroger in a research note on Tuesday. They now have a $52.00 price target on the stock. Finally, analysts at Hilliard Lyons downgraded shares of The Kroger from a “buy” rating to a “neutral” rating in a research note on Monday. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The Kroger currently has an average rating of “Buy” and a consensus price target of $48.11.
Shares of The Kroger (NYSE:KR) traded up 0.35% during mid-day trading on Thursday, hitting $49.39. 1,244,056 shares of the company’s stock traded hands. The Kroger has a one year low of $34.48 and a one year high of $50.20. The stock has a 50-day moving average of $47.44 and a 200-day moving average of $42.71. The company has a market cap of $23.954 billion and a price-to-earnings ratio of 16.66.
The Kroger (NYSE:KR) last announced its earnings results on Thursday, June 19th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $32.96 billion for the quarter, compared to the consensus estimate of $32.59 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that The Kroger will post $3.27 EPS for the current fiscal year.
In other The Kroger news, SVP M Marnette Perry unloaded 20,000 shares of the stock on the open market in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $49.52, for a total transaction of $990,400.00. The sale was disclosed in a filing with the SEC, which is available at this link.
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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