Kroger (NYSE:KR) Shares Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of The Kroger Co. NYSE: KR. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Kroger stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Kroger Trading Down 1.3%

Kroger stock traded down $0.92 during trading hours on Friday, reaching $71.47. The stock had a trading volume of 3,396,261 shares, compared to its average volume of 5,760,720. The stock has a market cap of $47.23 billion, a PE ratio of 19.47, a PEG ratio of 2.31 and a beta of 0.59. The Kroger Co. has a 52 week low of $50.69 and a 52 week high of $74.11. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.95 and a quick ratio of 0.53. The company has a fifty day simple moving average of $69.31 and a 200-day simple moving average of $66.99.

Kroger (NYSE:KR - Get Free Report) last announced its quarterly earnings results on Friday, June 20th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.04. The business had revenue of $45.12 billion for the quarter, compared to analyst estimates of $45.35 billion. Kroger had a net margin of 1.76% and a return on equity of 30.01%. The company's revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. Analysts forecast that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Friday, August 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, August 15th. This is a positive change from Kroger's previous quarterly dividend of $0.32. Kroger's dividend payout ratio (DPR) is 38.15%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC purchased a new stake in shares of Kroger in the fourth quarter worth $25,000. Accent Capital Management LLC purchased a new stake in shares of Kroger in the first quarter worth $25,000. SOA Wealth Advisors LLC. grew its stake in Kroger by 6,840.0% during the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company's stock valued at $25,000 after acquiring an additional 342 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Kroger in the fourth quarter worth about $26,000. Finally, TCTC Holdings LLC purchased a new position in Kroger in the fourth quarter worth about $27,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Evercore ISI cut their target price on shares of Kroger from $76.00 to $75.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 17th. JPMorgan Chase & Co. lifted their target price on shares of Kroger from $72.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wall Street Zen raised shares of Kroger from a "buy" rating to a "strong-buy" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kroger from $57.00 to $67.00 and gave the company a "hold" rating in a research note on Monday, June 23rd. Finally, Jefferies Financial Group set a $83.00 target price on shares of Kroger and gave the company a "buy" rating in a research note on Monday, June 23rd. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.16.

Insider Buying and Selling

In other news, Director Clyde R. Moore sold 26,814 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $70.50, for a total value of $1,890,387.00. Following the completion of the sale, the director owned 99,143 shares in the company, valued at approximately $6,989,581.50. This trade represents a 21.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Yael Cosset sold 71,224 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $73.49, for a total transaction of $5,234,251.76. Following the completion of the sale, the executive vice president owned 139,124 shares of the company's stock, valued at $10,224,222.76. This trade represents a 33.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 198,948 shares of company stock valued at $14,422,926 in the last quarter. 0.44% of the stock is currently owned by insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.