The Kroger Co. (NYSE:KR - Get Free Report) SVP Kenneth C. Kimball sold 30,251 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $55.98, for a total value of $1,693,450.98. Following the completion of the transaction, the senior vice president now directly owns 105,298 shares in the company, valued at $5,894,582.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Kroger Price Performance
NYSE:KR traded down $0.42 during midday trading on Friday, hitting $55.49. 3,471,078 shares of the stock were exchanged, compared to its average volume of 4,908,465. The Kroger Co. has a one year low of $42.10 and a one year high of $58.34. The company has a market capitalization of $40.05 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.62 and a beta of 0.48. The business has a 50-day moving average price of $54.08 and a two-hundred day moving average price of $48.16. The company has a current ratio of 0.81, a quick ratio of 0.36 and a debt-to-equity ratio of 1.04.
Kroger (NYSE:KR - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.13 by $0.21. The firm had revenue of $37.06 billion for the quarter, compared to analysts' expectations of $37.07 billion. Kroger had a return on equity of 31.44% and a net margin of 1.44%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. Sell-side analysts predict that The Kroger Co. will post 4.43 EPS for the current year.
Kroger Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.09%. Kroger's dividend payout ratio is currently 39.19%.
Wall Street Analysts Forecast Growth
KR has been the topic of several research reports. Wells Fargo & Company raised Kroger from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $58.00 to $65.00 in a research report on Tuesday, April 16th. BNP Paribas reissued an "underperform" rating and issued a $48.00 price objective on shares of Kroger in a research report on Monday, April 8th. Evercore ISI cut their price objective on Kroger from $63.00 to $62.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 16th. Guggenheim lifted their target price on Kroger from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $62.00 target price on shares of Kroger in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Kroger presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.17.
View Our Latest Research Report on Kroger
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of KR. Norges Bank purchased a new position in Kroger during the 4th quarter worth approximately $229,863,000. Sanders Capital LLC grew its holdings in shares of Kroger by 5.0% during the 4th quarter. Sanders Capital LLC now owns 23,786,389 shares of the company's stock valued at $1,087,276,000 after acquiring an additional 1,123,427 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Kroger during the 3rd quarter valued at $42,220,000. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Kroger during the 4th quarter valued at $39,619,000. Finally, Mackenzie Financial Corp grew its holdings in shares of Kroger by 378.8% during the 4th quarter. Mackenzie Financial Corp now owns 765,445 shares of the company's stock valued at $34,988,000 after acquiring an additional 605,591 shares in the last quarter. Institutional investors own 80.93% of the company's stock.
About Kroger
(
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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.
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