Insider Selling: Kroger Co (NYSE:KR) COO Sells 40,510 Shares of Stock

Share on StockTwits

Kroger Co (NYSE:KR) COO Michael Joseph Donnelly sold 40,510 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $26.28, for a total value of $1,064,602.80. Following the sale, the chief operating officer now owns 350,145 shares of the company’s stock, valued at $9,201,810.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Michael Joseph Donnelly also recently made the following trade(s):

  • On Thursday, September 12th, Michael Joseph Donnelly sold 1,574 shares of Kroger stock. The shares were sold at an average price of $26.46, for a total value of $41,648.04.

NYSE:KR traded up $0.41 on Friday, reaching $24.25. 7,827,724 shares of the company’s stock traded hands, compared to its average volume of 8,789,926. The company has a quick ratio of 0.27, a current ratio of 0.76 and a debt-to-equity ratio of 2.15. The stock has a 50-day simple moving average of $24.86 and a 200-day simple moving average of $23.85. The firm has a market cap of $19.44 billion, a PE ratio of 11.49, a P/E/G ratio of 1.77 and a beta of 0.58. Kroger Co has a 12 month low of $20.70 and a 12 month high of $31.98.

Kroger (NYSE:KR) last issued its earnings results on Thursday, September 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Kroger had a return on equity of 21.17% and a net margin of 1.36%. The firm had revenue of $28.17 billion for the quarter, compared to analysts’ expectations of $28.34 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that Kroger Co will post 2.19 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.64%. Kroger’s dividend payout ratio (DPR) is 30.33%.

Several research analysts have recently issued reports on KR shares. UBS Group increased their target price on Kroger from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. BMO Capital Markets reissued a “market perform” rating and issued a $26.00 target price (up previously from $24.00) on shares of Kroger in a research report on Wednesday, September 4th. Jefferies Financial Group downgraded Kroger from a “buy” rating to a “hold” rating and cut their price target for the stock from $29.00 to $26.00 in a research note on Thursday. Citigroup cut their target price on Kroger from $30.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 target price (down from $29.00) on shares of Kroger in a research note on Friday, June 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.39.

Several hedge funds have recently modified their holdings of the company. Capital Investment Advisory Services LLC grew its position in Kroger by 57.2% in the second quarter. Capital Investment Advisory Services LLC now owns 1,787 shares of the company’s stock worth $37,000 after acquiring an additional 650 shares in the last quarter. HBK Sorce Advisory LLC grew its position in Kroger by 60.3% in the second quarter. HBK Sorce Advisory LLC now owns 33,837 shares of the company’s stock worth $735,000 after acquiring an additional 12,722 shares in the last quarter. Alberta Investment Management Corp grew its position in Kroger by 46.3% in the second quarter. Alberta Investment Management Corp now owns 190,900 shares of the company’s stock worth $4,144,000 after acquiring an additional 60,400 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Kroger in the second quarter worth about $497,000. Finally, Zions Bancorporation N.A. purchased a new position in Kroger in the first quarter worth about $110,000. 80.23% of the stock is currently owned by hedge funds and other institutional investors.

About Kroger

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.

See Also: What factors cause inflation to rise?

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

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.