Insider Selling: Michael Joseph Donnelly Unloads 13,153 Shares of The Kroger Stock (KR)
The Kroger (NYSE:KR) SVP Michael Joseph Donnelly sold 13,153 shares of the stock on the open market in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $49.90, for a total transaction of $656,334.70. Following the sale, the senior vice president now directly owns 87,354 shares in the company, valued at approximately $4,358,965. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on KR. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Kroger in a research note on Thursday, June 26th. Separately, analysts at Morgan Stanley initiated coverage on shares of The Kroger in a research note on Wednesday, June 25th. They set an “overweight” rating and a $60.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Kroger in a research note on Tuesday, June 24th. They now have a $52.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $48.29.
Shares of The Kroger (NYSE:KR) traded down 0.32% during mid-day trading on Monday, hitting $49.50. The stock had a trading volume of 1,376,044 shares. The Kroger has a 52 week low of $35.13 and a 52 week high of $50.20. The stock’s 50-day moving average is $47.97 and its 200-day moving average is $43.10. The company has a market cap of $24.201 billion and a P/E ratio of 16.81.
The Kroger (NYSE:KR) last released its earnings data on Thursday, June 19th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $32.96 billion for the quarter, compared to the consensus estimate of $32.59 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that The Kroger will post $3.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Investors of record on Friday, August 15th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Wednesday, August 13th.
The Kroger Co is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.