Kroger Co (KR) Director Susan J. Kropf Sells 13,000 Shares

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Kroger Co (NYSE:KR) Director Susan J. Kropf sold 13,000 shares of the business’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $28.43, for a total value of $369,590.00. Following the sale, the director now directly owns 101,171 shares of the company’s stock, valued at approximately $2,876,291.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

KR traded up $0.56 on Tuesday, reaching $30.45. 10,789,800 shares of the stock were exchanged, compared to its average volume of 10,662,454. The stock has a market cap of $24.01 billion, a P/E ratio of 14.76, a P/E/G ratio of 2.12 and a beta of 0.95. Kroger Co has a fifty-two week low of $19.69 and a fifty-two week high of $31.45. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.29 and a current ratio of 0.76.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, June 21st. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.10. The business had revenue of $37.53 billion during the quarter, compared to analyst estimates of $37.25 billion. Kroger had a return on equity of 29.59% and a net margin of 2.93%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. analysts predict that Kroger Co will post 2.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Wednesday, August 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.84%. This is a positive change from Kroger’s previous quarterly dividend of $0.13. Kroger’s dividend payout ratio (DPR) is presently 24.51%.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Kroger by 2.3% in the 2nd quarter. BlackRock Inc. now owns 65,465,026 shares of the company’s stock valued at $1,862,480,000 after purchasing an additional 1,490,831 shares in the last quarter. LSV Asset Management increased its stake in shares of Kroger by 6.1% in the 2nd quarter. LSV Asset Management now owns 15,856,614 shares of the company’s stock valued at $451,120,000 after purchasing an additional 907,367 shares in the last quarter. Aristotle Capital Management LLC increased its stake in shares of Kroger by 7.2% in the 1st quarter. Aristotle Capital Management LLC now owns 10,367,993 shares of the company’s stock valued at $248,210,000 after purchasing an additional 696,119 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Kroger by 1.4% in the 2nd quarter. Victory Capital Management Inc. now owns 8,533,613 shares of the company’s stock valued at $242,781,000 after purchasing an additional 119,262 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Kroger by 12.4% in the 2nd quarter. Morgan Stanley now owns 7,621,037 shares of the company’s stock valued at $216,820,000 after purchasing an additional 842,386 shares in the last quarter. Hedge funds and other institutional investors own 81.89% of the company’s stock.

A number of research firms have recently weighed in on KR. ValuEngine raised Kroger from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. Northcoast Research restated a “buy” rating and set a $36.00 price objective on shares of Kroger in a research report on Monday, July 23rd. Wolfe Research downgraded Kroger from a “market perform” rating to an “underperform” rating in a research report on Monday, June 25th. Bank of America upgraded Kroger from a “neutral” rating to a “buy” rating and upped their price objective for the company from $28.00 to $33.00 in a research report on Thursday, May 17th. Finally, Morgan Stanley increased their price target on Kroger from $26.50 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, June 22nd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.19.

About Kroger

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.

Read More: Diversification

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

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