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Todd Foley, Senior Vice President and Interim Chief Financial Officer of Kroger Co . (NYSE:KR), recently executed a series of stock transactions, according to an SEC filing. The transactions come as Kroger’s stock trades near its 52-week high of $68.51, having delivered an impressive 32.86% return over the past six months. On March 7, Foley sold a significant portion of his holdings, totaling 28,105 shares of Kroger common stock, for approximately $1.87 million. The shares were sold at prices ranging from $66.55 to $66.69 per share. The transaction occurred in the $44 billion market cap company, which maintains a moderate P/E ratio of 17.9 and has consistently raised its dividend for 19 consecutive years.
In addition to the sales, Foley exercised stock options to acquire 28,105 shares at prices between $24.75 and $29.12. These options were part of a long-term incentive plan, which had vested over a four-year period. Following these transactions, Foley’s direct ownership stands at 52,861 shares.
Furthermore, Foley disposed of 921 shares to cover tax liabilities associated with restricted stock, with the transactions priced between $66.7 and $67.72 per share.
In other recent news, Kroger Company reported its first-quarter earnings for 2025, with an earnings per share (EPS) of $1.14, surpassing the forecast of $1.11. However, the company reported revenue of $34.3 billion, which fell short of the anticipated $34.75 billion. Jefferies maintained a Buy rating on Kroger, citing strong fourth-quarter performance and projecting same-store sales growth of 2-3% for fiscal year 2025. Evercore ISI adjusted its price target for Kroger to $73, maintaining an Outperform rating, despite noting a slight lag in fourth-quarter sales growth compared to the industry. Guggenheim reaffirmed its Buy rating with a $71 price target, highlighting Kroger’s strategic initiatives and conservative guidance for 2025. In a significant company development, Kroger appointed Yael Cosset as chief digital officer, aiming to enhance its eCommerce business. This move underscores Kroger’s commitment to expanding its digital and online retail presence.
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