Insider Selling: Kroger Co (KR) VP Sells 646 Shares of Stock

Kroger Co (NYSE:KR) VP Carin L. Fike sold 646 shares of the stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $29.23, for a total value of $18,882.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

KR opened at $29.07 on Monday. Kroger Co has a 52 week low of $19.99 and a 52 week high of $32.74. The firm has a market cap of $23.21 billion, a PE ratio of 14.25, a PEG ratio of 2.10 and a beta of 0.92. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 1.65.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, September 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The business had revenue of $27.87 billion during the quarter, compared to analyst estimates of $27.95 billion. During the same period last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts predict that Kroger Co will post 2.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.93%. Kroger’s dividend payout ratio is currently 89.22%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Madison Investment Holdings Inc. raised its stake in shares of Kroger by 6.3% in the second quarter. Madison Investment Holdings Inc. now owns 29,726 shares of the company’s stock valued at $846,000 after acquiring an additional 1,758 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in Kroger by 4.6% in the second quarter. Pinnacle Associates Ltd. now owns 40,952 shares of the company’s stock valued at $1,165,000 after buying an additional 1,800 shares in the last quarter. TIAA FSB raised its stake in Kroger by 9.7% in the second quarter. TIAA FSB now owns 20,549 shares of the company’s stock valued at $585,000 after buying an additional 1,812 shares in the last quarter. CIBC Asset Management Inc raised its stake in Kroger by 2.0% in the second quarter. CIBC Asset Management Inc now owns 94,607 shares of the company’s stock valued at $2,692,000 after buying an additional 1,837 shares in the last quarter. Finally, First Fiduciary Investment Counsel Inc. raised its stake in Kroger by 0.4% in the second quarter. First Fiduciary Investment Counsel Inc. now owns 448,830 shares of the company’s stock valued at $12,769,000 after buying an additional 1,920 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

KR has been the subject of several analyst reports. TheStreet upgraded Kroger from a “c+” rating to a “b” rating in a research report on Friday, June 29th. Citigroup reiterated a “buy” rating and issued a $34.00 price objective on shares of Kroger in a research report on Tuesday, June 26th. Jefferies Financial Group increased their price objective on Kroger from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research upgraded Kroger from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Monday, July 16th. Finally, Northcoast Research reiterated a “buy” rating and issued a $36.00 price objective on shares of Kroger in a research report on Monday, July 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.15.

Kroger Company Profile

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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

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