Kroger Co (NYSE:KR) Director Jorge P. Montoya sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Kroger Co (NYSE KR) traded down $0.66 during mid-day trading on Tuesday, hitting $26.22. 11,321,568 shares of the stock traded hands, compared to its average volume of 12,367,674. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. Kroger Co has a 52 week low of $19.69 and a 52 week high of $36.44. The company has a market capitalization of $22,834.03, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 3.39 and a beta of 0.92.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. sell-side analysts predict that Kroger Co will post 2.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Tuesday, November 14th. Kroger’s dividend payout ratio is 29.76%.

Several equities research analysts have commented on KR shares. BidaskClub raised shares of Kroger from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Oppenheimer reaffirmed a “buy” rating and issued a $28.00 target price on shares of Kroger in a research note on Tuesday, September 5th. Deutsche Bank reaffirmed a “buy” rating and issued a $26.00 target price on shares of Kroger in a research note on Tuesday, September 5th. Royal Bank Of Canada set a $34.00 target price on shares of Kroger and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, Hilliard Lyons reaffirmed a “buy” rating and issued a $30.00 target price on shares of Kroger in a research note on Tuesday, September 12th. Eighteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $29.16.

A number of institutional investors have recently added to or reduced their stakes in the stock. Savant Capital LLC grew its position in Kroger by 0.9% in the second quarter. Savant Capital LLC now owns 10,617 shares of the company’s stock valued at $248,000 after purchasing an additional 90 shares in the last quarter. Peapack Gladstone Financial Corp grew its position in Kroger by 1.4% in the second quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock valued at $265,000 after purchasing an additional 154 shares in the last quarter. Pettyjohn Wood & White Inc. grew its position in Kroger by 0.4% in the second quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock valued at $1,217,000 after purchasing an additional 191 shares in the last quarter. Citizens Financial Group Inc RI grew its position in Kroger by 4.3% in the second quarter. Citizens Financial Group Inc RI now owns 6,165 shares of the company’s stock valued at $144,000 after purchasing an additional 255 shares in the last quarter. Finally, Calamos Wealth Management LLC grew its position in Kroger by 0.8% in the second quarter. Calamos Wealth Management LLC now owns 35,067 shares of the company’s stock valued at $818,000 after purchasing an additional 275 shares in the last quarter. 79.10% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/05/insider-selling-kroger-co-kr-director-sells-10000-shares-of-stock.html.

About Kroger

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

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

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