Trump announces trade deal with EU following months of negotiations
Following the transaction, Adcock (JO:AIPJ) directly owns 184,473 shares of Kroger Co (NYSE:KR). The company has demonstrated strong shareholder commitment, raising its dividend for 19 consecutive years and maintaining an active share buyback program. Discover more insights about Kroger’s financial performance and access detailed analysis through the comprehensive Pro Research Report, available exclusively on InvestingPro. The company has demonstrated strong shareholder commitment, raising its dividend for 19 consecutive years and maintaining an active share buyback program. Discover more insights about Kroger’s financial performance and access detailed analysis through the comprehensive Pro Research Report, available exclusively on InvestingPro.
Following the transaction, Adcock directly owns 184,473 shares of Kroger Co.
In other recent news, Kroger Co. announced a 9% increase in its annual dividend, raising it from $1.28 to $1.40 per share, with the next quarterly dividend set at 35 cents per share. This marks the 19th consecutive year of dividend increases, reflecting the company’s confidence in its operational performance and cash flow generation. UBS raised its price target for Kroger to $74, noting improved execution and profitability management, although it maintained a Neutral rating due to existing risks. Morgan Stanley (NYSE:MS) also increased its price target to $76, citing Kroger’s accelerating growth and market share gains, while highlighting potential risks related to consumer sentiment and competition. Telsey Advisory Group raised its price target to $82, praising Kroger’s strong execution and digital capabilities, with first-quarter earnings per share of $1.49 exceeding expectations. Kroger’s identical store sales, excluding fuel, rose by 3.2%, surpassing forecasts and prompting an upward revision of its fiscal 2025 sales guidance. Citi also raised its price target to $74, acknowledging Kroger’s robust first-quarter performance and increased sales guidance, while maintaining a Neutral rating. These recent developments underscore the company’s strategic focus and operational strengths amid a competitive market landscape.
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