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Todd A. Foley, Senior Vice President of Kroger Co . (NYSE:KR), recently executed significant stock transactions as reported in a Form 4 filing with the Securities and Exchange Commission. On April 17, Foley sold 14,001 shares of Kroger common stock at an average price of $70.6694 per share, totaling approximately $989,442. The transaction comes as Kroger’s stock trades near its 52-week high of $71.93, with the company showing strong momentum through a 28% return over the past six months. InvestingPro analysis indicates the stock is currently trading slightly above its Fair Value.
In addition to the sale, Foley exercised options to acquire 9,016 shares at $34.94 per share, a transaction valued at $315,019. Following these transactions, Foley holds 44,828 shares of Kroger common stock. The $47.43 billion market cap company has demonstrated strong financial health, according to InvestingPro metrics, with 12 additional exclusive insights available to subscribers, including detailed analysis of insider trading patterns and company valuations.
In other recent news, Kroger Co. announced a reshuffling of its executive leadership, with Joe Kelley appointed as the new Senior Vice President of Retail Divisions. This change follows the return of Kenny Kimball to his role as President of the Smith’s division. In financial updates, Guggenheim has maintained a Buy rating on Kroger’s stock, raising its price target to $73, citing strong segment-level financial performance in the company’s recent 10-K filing. Conversely, Melius downgraded Kroger to a Sell, setting a price target of $58, due to increased competition from Walmart (NYSE:WMT) in the grocery sector.
Additionally, Kroger has appointed Ronald Sargent as its interim CEO and Chairman, with his compensation details disclosed in a recent 8-K filing. In a move to engage customers, Kroger has launched the "Elite Ate" Snack Bracket, a promotional event offering discounts on popular snacks during the college basketball season. This initiative is part of Kroger’s broader strategy to enhance customer engagement and provide value through exclusive deals and digital coupons. These developments reflect Kroger’s ongoing efforts to adapt to market conditions and maintain its competitive edge.
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