Kroger Co (NYSE:KR) insider Mary Ellen Adcock sold 1,850 shares of the company’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $31.21, for a total transaction of $57,738.50. Following the completion of the sale, the insider now owns 97,119 shares of the company’s stock, valued at approximately $3,031,083.99. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kroger stock traded up $0.01 during trading hours on Tuesday, reaching $31.38. 562,416 shares of the stock were exchanged, compared to its average volume of 8,482,440. The company has a market cap of $25.03 billion, a P/E ratio of 15.38, a PEG ratio of 2.21 and a beta of 0.77. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.26 and a current ratio of 0.73. Kroger Co has a 52-week low of $21.25 and a 52-week high of $32.74.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 13th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The company had revenue of $27.87 billion during the quarter, compared to the consensus estimate of $27.95 billion. Kroger had a net margin of 3.05% and a return on equity of 28.05%. Kroger’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, equities analysts predict that Kroger Co will post 2.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.78%. Kroger’s dividend payout ratio is presently 27.45%.

KR has been the subject of several research reports. Credit Suisse Group set a $33.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Thursday, September 13th. Telsey Advisory Group upped their price target on shares of Kroger from $29.00 to $31.00 and gave the company a “market perform” rating in a research report on Wednesday, October 31st. Morgan Stanley reduced their price target on shares of Kroger from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, September 27th. Zacks Investment Research downgraded shares of Kroger from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Stephens set a $29.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. Kroger currently has an average rating of “Hold” and an average target price of $30.40.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its stake in Kroger by 2.3% in the 2nd quarter. BlackRock Inc. now owns 65,465,026 shares of the company’s stock valued at $1,862,480,000 after acquiring an additional 1,490,831 shares during the last quarter. LSV Asset Management grew its stake in Kroger by 24.0% in the 3rd quarter. LSV Asset Management now owns 19,668,821 shares of the company’s stock valued at $572,559,000 after acquiring an additional 3,812,207 shares during the last quarter. FMR LLC grew its stake in Kroger by 64.3% in the 3rd quarter. FMR LLC now owns 18,848,786 shares of the company’s stock valued at $548,688,000 after acquiring an additional 7,375,253 shares during the last quarter. Franklin Resources Inc. grew its stake in Kroger by 31.9% in the 3rd quarter. Franklin Resources Inc. now owns 17,935,028 shares of the company’s stock valued at $522,076,000 after acquiring an additional 4,332,791 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Kroger by 5.7% in the 3rd quarter. Janus Henderson Group PLC now owns 8,598,134 shares of the company’s stock valued at $250,291,000 after acquiring an additional 463,292 shares during the last quarter. Institutional investors and hedge funds own 79.02% of the company’s stock.

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About Kroger

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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