Susan J. Kropf Sells 13,000 Shares of Kroger Co (NYSE:KR) Stock

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Kroger Co (NYSE:KR) Director Susan J. Kropf sold 13,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 101,171 shares of the company’s stock, valued at $2,189,340.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

KR opened at $21.89 on Friday. The firm has a market capitalization of $17.38 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.62. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.75 and a quick ratio of 0.25. Kroger Co has a 1-year low of $21.17 and a 1-year high of $32.74. The business has a 50 day moving average price of $22.88.

Kroger (NYSE:KR) last released its earnings results on Thursday, June 20th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $37.25 billion during the quarter, compared to the consensus estimate of $37.27 billion. Kroger had a return on equity of 21.79% and a net margin of 1.54%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, research analysts predict that Kroger Co will post 2.18 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. RWC Asset Management LLP grew its stake in shares of Kroger by 10.2% during the fourth quarter. RWC Asset Management LLP now owns 2,757,392 shares of the company’s stock worth $75,827,000 after acquiring an additional 255,702 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Kroger by 31.7% during the fourth quarter. Bessemer Group Inc. now owns 4,337 shares of the company’s stock worth $119,000 after acquiring an additional 1,045 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kroger by 27.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,038,624 shares of the company’s stock worth $221,075,000 after acquiring an additional 1,726,318 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of Kroger by 7.6% during the fourth quarter. Natixis Advisors L.P. now owns 67,401 shares of the company’s stock worth $1,853,000 after acquiring an additional 4,779 shares during the last quarter. Finally, Prudential PLC grew its stake in shares of Kroger by 13.1% during the fourth quarter. Prudential PLC now owns 554,280 shares of the company’s stock worth $15,243,000 after acquiring an additional 64,119 shares during the last quarter. Hedge funds and other institutional investors own 80.10% of the company’s stock.

KR has been the subject of a number of recent analyst reports. Guggenheim decreased their price objective on Kroger from $31.00 to $26.00 in a report on Monday, June 24th. BMO Capital Markets reissued a “market perform” rating and issued a C$36.00 price objective on shares of NFI Group in a report on Tuesday, June 18th. Evercore ISI initiated coverage on Polarityte in a report on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 price objective for the company. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Friday, May 31st. Finally, ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Kroger currently has a consensus rating of “Hold” and a consensus price target of $29.00.

About Kroger

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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