The Kroger Co. (NYSE:KR - Get Free Report) EVP Christine S. Wheatley sold 30,000 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $69.44, for a total transaction of $2,083,200.00. Following the sale, the executive vice president now owns 127,737 shares in the company, valued at $8,870,057.28. The trade was a 19.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Kroger Trading Up 0.5 %
Shares of KR stock traded up $0.36 during trading hours on Friday, reaching $68.26. 8,827,083 shares of the stock were exchanged, compared to its average volume of 5,346,180. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 1.74. The Kroger Co. has a 12-month low of $49.04 and a 12-month high of $71.93. The firm has a market capitalization of $45.11 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 2.85 and a beta of 0.60. The company's 50-day moving average price is $65.68 and its 200-day moving average price is $61.33.
Kroger (NYSE:KR - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. Kroger had a return on equity of 27.73% and a net margin of 1.85%. The firm had revenue of $34.31 billion for the quarter, compared to analysts' expectations of $34.96 billion. As a group, equities analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current year.
Kroger Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, May 15th. Kroger's dividend payout ratio is currently 34.88%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Millstone Evans Group LLC bought a new stake in Kroger during the 4th quarter valued at $25,000. Whipplewood Advisors LLC bought a new stake in shares of Kroger in the fourth quarter valued at about $26,000. TCTC Holdings LLC purchased a new stake in Kroger in the fourth quarter worth about $27,000. Transce3nd LLC bought a new position in Kroger during the 4th quarter worth about $28,000. Finally, Centricity Wealth Management LLC purchased a new position in Kroger during the 4th quarter valued at about $32,000. 80.93% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on KR. Melius lowered Kroger from a "hold" rating to a "sell" rating and set a $58.00 price objective for the company. in a research note on Tuesday, April 1st. Guggenheim boosted their target price on shares of Kroger from $71.00 to $73.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Bank of America lifted their price target on shares of Kroger from $70.00 to $75.00 and gave the company a "buy" rating in a report on Friday, December 20th. Melius Research downgraded shares of Kroger from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 1st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $70.00 target price on shares of Kroger in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.50.
Check Out Our Latest Analysis on KR
Kroger Company Profile
(
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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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