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Mary Ellen Adcock (JO:AIPJ), Senior Vice President at Kroger Co . (NYSE:KR), a prominent player in the Consumer Staples Distribution & Retail industry with a strong five-year return track record, executed significant stock transactions on March 13, according to a recent SEC filing. Adcock sold a total of 103,936 shares of Kroger’s common stock, amounting to approximately $6.9 million. The shares were sold at prices ranging from $66.34 to $66.43 per share. According to InvestingPro analysis, Kroger is currently trading at an attractive P/E ratio relative to its near-term earnings growth potential.
In addition to the sales, Adcock also exercised options to acquire 103,936 shares at prices between $22.08 and $29.12, totaling approximately $2.7 million. These transactions were part of a broader set of activities that also included the acquisition of restricted stock and the payment of tax liabilities associated with share awards.
Following these transactions, Adcock’s direct ownership in Kroger stands at 218,723 shares.
In other recent news, Kroger Co. announced a quarterly dividend of 32 cents per share, scheduled for payment on June 1, 2025. This dividend reflects a 13.5% compounded annual growth rate since 2006, emphasizing Kroger’s commitment to returning capital to shareholders while maintaining its investment grade debt rating. Additionally, Kroger has appointed Yael Cosset as the chief digital officer, leading the newly established eCommerce business unit to enhance the online shopping experience. Under his leadership, Kroger’s eCommerce sales reached $13 billion in 2024, highlighting the company’s focus on digital growth.
Jefferies has maintained its Buy rating on Kroger, with a price target of $75, following the company’s strong fourth-quarter performance, which exceeded expectations in sales and profit. The firm noted Kroger’s guidance for fiscal year 2025, which anticipates same-store sales growth of 2-3% amidst expected inflation. In contrast, Evercore ISI adjusted its price target for Kroger to $73 from $75, citing a slight lag in fourth-quarter sales growth compared to the industry, while maintaining an Outperform rating. Evercore ISI’s analyst expressed confidence in Kroger’s ability to meet its shareholder return goals, despite challenges such as rising inflation.
These recent developments underscore Kroger’s strategic efforts to bolster its financial and digital operations while navigating the dynamic retail market.
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