The Kroger SVP Michael Joseph Donnelly Unloads 6,847 Shares (KR)
The Kroger (NYSE:KR) SVP Michael Joseph Donnelly unloaded 6,847 shares of The Kroger stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $49.39, for a total value of $338,173.33. Following the sale, the senior vice president now directly owns 96,556 shares in the company, valued at approximately $4,768,901. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
KR has been the subject of a number of recent research reports. Analysts at BMO Capital Markets upgraded shares of The Kroger from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $58.00 price target on the stock, up previously from $52.00. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Kroger in a research note on Thursday, June 26th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.53.
The Kroger (NYSE:KR) traded up 0.47% during mid-day trading on Friday, hitting $49.51. The stock had a trading volume of 840,961 shares. The Kroger has a 1-year low of $35.13 and a 1-year high of $50.20. The stock’s 50-day moving average is $48.56 and its 200-day moving average is $43.71. The company has a market cap of $24.206 billion and a P/E ratio of 16.68.
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. On average, analysts predict that The Kroger will post $3.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Stockholders 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 1.34%. 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.
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