Shares in Kroger Co (NYSE:KR) Acquired by Todd Asset Management LLC

AP Images  LM Otero

Shares in Kroger jumped by 10% in pre-market trading after the United States supermarket group beat third-quarter earnings and revenue expectations. Look at its top three institutional owners. The company's revenue was up 4.5% on a year-over-year basis.

Kroger Co. posted results that beat analysts' expectations for the third quarter as lower food costs offset price cuts at its stores.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KR.

"Kroger's better than expected third quarter results demonstrate that its new initiatives under its restock plan are gaining traction", he wrote. (NYSE:KR) shares passing the 70 level, the stock is now considered to be in overbought territory and ripe for a potential pullback. The company has a price-earnings ratio of 16.63 and a price-sales ratio of 0.21, the latter ranking higher than 82% of global competitors. Over the last quarter, insiders have sold 85,604 shares of company stock valued at $2,559,544. BidaskClub raised Kroger from a "hold" rating to a "buy" rating in a report on Wednesday, August 9th. Kroger Company has a 52 week low of $19.69 and a 52 week high of $36.44.

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The Kroger Co. on 7/30/2017 reported its EPS as $0.41 with the analysts projecting the EPS of the stock as $0.41. Currently, the stock has a 1 Year Price Target of $23.23. Finally, Goldman Sachs Group Inc downgraded shares of Kroger from a "conviction-buy" rating to a "buy" rating in a report on Friday, March 3rd. The same analysts have a future one-year price target of $23.18 on the shares. Kroger had a return on equity of 28.04% and a net margin of 1.32%.

In addition, the company told investors to expect full year earnings of up to $2.05 per share this year. The company had revenue of $27.60 billion for the quarter, compared to analysts' expectations of $27.48 billion. In the same period of past year, the retailer posted EPS of $0.41 and $26.56 billion in revenue.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.125 per share. In related news, insider Christopher T. Hjelm sold 12,139 shares of the company's stock in a transaction on Wednesday, April 19th. Nineteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The ex-dividend date is Thursday, May 11th. Finally, Northcoast Research upgraded Kroger Company (The) from a "neutral" rating to a "buy" rating in a research note on Monday, November 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.88%.

Kroger is relatively undervalued even though its price-book ratio of 4 underperforms 67% of global grocery stores.

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