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Yael Cosset, the Senior Vice President and Chief Information Officer of Kroger Co . (NYSE:KR), a $43.6 billion market cap consumer staples giant with "GOOD" financial health according to InvestingPro, recently sold shares of the company’s stock, according to a filing with the Securities and Exchange Commission. On March 14, Cosset sold 10,510 shares of common stock at a weighted average price of $65.765, totaling approximately $691,190.
In addition to the stock sale, Cosset was involved in other transactions earlier in March. On March 13, Cosset acquired 23,147 and 22,806 shares of common stock, respectively, as part of a long-term incentive plan. These shares were awarded at no cost. Furthermore, Cosset engaged in transactions to cover tax liabilities associated with previous share awards, disposing of 10,308 shares on March 13 and 4,271 shares on March 14 at prices between $65.1 and $66.1. These transactions amounted to a total of $959,400. The stock has shown strong momentum, delivering an 18.7% return over the past year while maintaining a conservative P/E ratio of 17.8x.
Cosset also received 50,696 non-qualified stock options on March 13, which will vest over a four-year period as part of Kroger’s long-term incentive plan. For deeper insights into insider trading patterns and comprehensive analysis, including 8+ additional ProTips, access the full InvestingPro Research Report.
In other recent news, Kroger Co. announced a quarterly dividend of 32 cents per share, reflecting its ongoing commitment to shareholder returns. This decision is part of Kroger’s broader financial strategy, which includes reinvesting free cash flow into business growth and maintaining an investment-grade debt rating. Additionally, Kroger has appointed Yael Cosset as chief digital officer to lead a new eCommerce business unit, aiming to enhance the online shopping experience. Under Cosset’s leadership, Kroger’s eCommerce sales reached $13 billion in 2024, highlighting the company’s focus on digital growth.
Jefferies has maintained a Buy rating on Kroger, with a price target of $75, following a strong fourth-quarter performance that exceeded expectations. The firm noted Kroger’s ability to manage inflationary pressures while maintaining steady volume sales. In contrast, Evercore ISI adjusted its price target for Kroger to $73, citing a slight lag in sales growth but expressing confidence in the company’s shareholder return goals. Despite these challenges, Kroger’s core grocery sales grew by 2.6%, and the company is expected to achieve a 3% FIFO EBIT growth in 2025.
The UBS Global Consumer and Retail Conference highlighted uncertainties in the retail sector, with companies like Kroger discussing challenges such as tariffs and government policies. Analysts emphasized the need for evidence supporting a swift market recovery, reliant on economic indicators like labor market strength. These recent developments reflect Kroger’s strategic focus on growth, digital transformation, and navigating market challenges.
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