J Michael Schlotman Sells 15,000 Shares of Kroger Co (NYSE:KR) Stock

Kroger Co (NYSE:KR) EVP J Michael Schlotman sold 15,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $22.01, for a total value of $330,150.00. Following the completion of the transaction, the executive vice president now directly owns 270,655 shares of the company’s stock, valued at approximately $5,957,116.55. The sale was disclosed in a filing with the SEC, which is accessible through this link.

KR traded down $0.12 during trading on Tuesday, hitting $21.96. 5,206,695 shares of the company’s stock traded hands, compared to its average volume of 8,349,016. The business’s 50 day moving average is $22.74. 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 12-month low of $21.17 and a 12-month high of $32.74. The firm has a market cap of $17.64 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63.

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

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.91%. This is an increase from Kroger’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, August 14th. Kroger’s dividend payout ratio (DPR) is currently 26.54%.

KR has been the subject of several research reports. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Evercore ISI initiated coverage on Polarityte in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 target price for the company. Sanford C. Bernstein raised Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research report on Monday, May 20th. Guggenheim decreased their target price on Kroger from $31.00 to $26.00 in a research report on Monday, June 24th. Finally, TheStreet lowered Weis Markets from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.00.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas boosted its stake in shares of Kroger by 35.3% in the 4th quarter. Teacher Retirement System of Texas now owns 2,890,189 shares of the company’s stock worth $79,480,000 after buying an additional 754,495 shares during the last quarter. Financial Advocates Investment Management boosted its stake in shares of Kroger by 359.2% in the 4th quarter. Financial Advocates Investment Management now owns 19,895 shares of the company’s stock worth $398,000 after buying an additional 15,562 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Kroger by 181.7% in the 1st quarter. Retirement Systems of Alabama now owns 1,034,762 shares of the company’s stock worth $25,455,000 after buying an additional 667,370 shares during the last quarter. LSV Asset Management boosted its stake in shares of Kroger by 1.8% in the 1st quarter. LSV Asset Management now owns 20,412,468 shares of the company’s stock worth $502,146,000 after buying an additional 361,800 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Kroger in the 4th quarter worth $221,584,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Kroger Company Profile

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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Insider Buying and Selling by Quarter for Kroger (NYSE:KR)

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