Kroger Company (The) (NYSE:KR) Given Daily Media Sentiment Rating of 0.13

News articles about Kroger Company (The) (NYSE:KR) have trended somewhat positive on Saturday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kroger Company (The) earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.5542988523526 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

Kroger Company (KR) traded up 0.19% during trading on Friday, hitting $23.49. 10,591,133 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $23.43 and a 200 day moving average price of $28.42. The company has a market cap of $21.08 billion, a price-to-earnings ratio of 14.14 and a beta of 0.76. Kroger Company has a 52-week low of $20.46 and a 52-week high of $36.44.

Kroger Company (The) (NYSE:KR) last released its earnings results on Thursday, June 15th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. Kroger Company (The) had a net margin of 1.35% and a return on equity of 29.10%. The business had revenue of $36.29 billion during the quarter, compared to analyst estimates of $35.69 billion. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Kroger Company will post $1.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.125 per share. This is a boost from Kroger Company (The)’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.13%. Kroger Company (The)’s payout ratio is presently 28.92%.

Kroger Company (The) declared that its Board of Directors has authorized a stock repurchase plan on Thursday, June 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

A number of research analysts recently weighed in on KR shares. Deutsche Bank AG reiterated a “buy” rating on shares of Kroger Company (The) in a research note on Friday, May 12th. BMO Capital Markets set a $32.00 price objective on shares of Kroger Company (The) and gave the company a “hold” rating in a research note on Tuesday, April 18th. J P Morgan Chase & Co lowered shares of Kroger Company (The) from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $34.00 to $24.00 in a research note on Friday, June 16th. Morgan Stanley lowered shares of Kroger Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $40.00 to $30.00 in a research note on Monday, June 19th. Finally, TheStreet downgraded shares of Kroger Company (The) from a “b” rating to a “c+” rating in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.09.

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In other Kroger Company (The) news, Director Susan M. Phillips sold 6,200 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $21.17, for a total value of $131,254.00. Following the transaction, the director now owns 124,105 shares of the company’s stock, valued at $2,627,302.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider J Michael Schlotman bought 2,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was bought at an average cost of $22.73 per share, for a total transaction of $45,460.00. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

About Kroger Company (The)

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

Insider Buying and Selling by Quarter for Kroger Company (The) (NYSE:KR)

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