The Kroger Co. (NYSE:KR) CFO Todd A. Foley Sells 6,616 Shares of Stock

The Kroger Co. (NYSE:KR) CFO Todd A. Foley sold 6,616 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $55.69, for a total value of $368,445.04. Following the sale, the chief financial officer now owns 46,958 shares in the company, valued at $2,615,091.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Kroger Trading Up 0.1 %

Shares of NYSE:KR opened at $55.57 on Tuesday. The company has a 50 day moving average of $54.40 and a 200-day moving average of $48.37. The company has a current ratio of 0.81, a quick ratio of 0.36 and a debt-to-equity ratio of 1.04. The firm has a market cap of $40.10 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.59 and a beta of 0.48. The Kroger Co. has a twelve month low of $42.10 and a twelve month high of $58.34.

Kroger (NYSE:KR) last released its earnings results on Thursday, March 7th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.21. Kroger had a return on equity of 31.44% and a net margin of 1.44%. The firm had revenue of $37.06 billion during the quarter, compared to the consensus estimate of $37.07 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts anticipate that The Kroger Co. will post 4.43 earnings per share for the current fiscal year.

Kroger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.16 annualized dividend and a yield of 2.09%. Kroger’s dividend payout ratio is currently 39.19%.

Wall Street Analyst Weigh In

KR has been the topic of several analyst reports. BNP Paribas reaffirmed an “underperform” rating and issued a $48.00 target price on shares of Kroger in a research report on Monday, April 8th. Telsey Advisory Group restated an “outperform” rating and set a $62.00 price target on shares of Kroger in a research report on Tuesday, April 23rd. Guggenheim lifted their price objective on shares of Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Evercore ISI decreased their target price on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, Wells Fargo & Company raised Kroger from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $65.00 in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.17.

Institutional Investors Weigh In On Kroger

Several hedge funds and other institutional investors have recently bought and sold shares of KR. Hexagon Capital Partners LLC grew its stake in shares of Kroger by 101.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 496 shares of the company’s stock worth $28,000 after purchasing an additional 250 shares during the last quarter. Creekmur Asset Management LLC bought a new stake in Kroger during the fourth quarter worth approximately $26,000. OFI Invest Asset Management acquired a new position in Kroger in the third quarter worth approximately $25,000. Redmont Wealth Advisors LLC bought a new position in shares of Kroger in the first quarter valued at $34,000. Finally, SouthState Corp lifted its position in shares of Kroger by 334.3% during the 4th quarter. SouthState Corp now owns 595 shares of the company’s stock valued at $27,000 after acquiring an additional 458 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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.