Insider Selling: Kroger Co (NYSE:KR) Director Sells $281,320.00 in Stock

Kroger Co (NYSE:KR) Director Susan J. Kropf sold 13,000 shares of Kroger stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $21.64, for a total value of $281,320.00. Following the completion of the sale, the director now directly owns 101,171 shares of the company’s stock, valued at approximately $2,189,340.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of KR opened at $21.89 on Friday. The stock’s 50-day moving average is $22.88. The firm has a market capitalization of $17.38 billion, a PE ratio of 10.37, a PEG ratio of 1.54 and a beta of 0.62. Kroger Co has a 12 month low of $21.17 and a 12 month high of $32.74. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.25 and a current ratio of 0.75.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, June 20th. The company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The company had revenue of $37.25 billion for the quarter, compared to analysts’ expectations of $37.27 billion. Kroger had a return on equity of 21.79% and a net margin of 1.54%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. As a group, analysts predict that Kroger Co will post 2.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, August 14th. This is a boost from Kroger’s previous quarterly dividend of $0.14. Kroger’s payout ratio is currently 26.54%.

Several institutional investors and hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc lifted its stake in shares of Kroger by 0.5% during the first quarter. CIBC Asset Management Inc now owns 91,859 shares of the company’s stock worth $2,260,000 after purchasing an additional 417 shares in the last quarter. Kaizen Advisory LLC lifted its stake in shares of Kroger by 24.9% in the fourth quarter. Kaizen Advisory LLC now owns 2,147 shares of the company’s stock worth $59,000 after acquiring an additional 428 shares in the last quarter. Riverview Trust Co lifted its stake in shares of Kroger by 50.7% in the first quarter. Riverview Trust Co now owns 1,403 shares of the company’s stock worth $35,000 after acquiring an additional 472 shares in the last quarter. Wealthquest Corp lifted its stake in shares of Kroger by 6.1% in the first quarter. Wealthquest Corp now owns 9,170 shares of the company’s stock worth $225,000 after acquiring an additional 527 shares in the last quarter. Finally, Aurora Investment Counsel lifted its stake in shares of Kroger by 1.0% in the fourth quarter. Aurora Investment Counsel now owns 57,878 shares of the company’s stock worth $1,592,000 after acquiring an additional 574 shares in the last quarter. Institutional investors own 80.10% of the company’s stock.

A number of brokerages have recently commented on KR. TheStreet downgraded Weis Markets from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein upgraded Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a report on Monday, May 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 target price (down previously from $29.00) on shares of Kroger in a report on Friday, June 21st. Bank of America initiated coverage on HUYA in a report on Wednesday, May 29th. They issued a “buy” rating and a $26.00 target price on the stock. Finally, Evercore ISI initiated coverage on Polarityte in a report on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Kroger currently has an average rating of “Hold” and an average target price of $29.00.

Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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

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