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Kenneth C. Kimball, Senior Vice President at Kroger Co . (NYSE:KR), has recently executed a significant stock transaction at the $42.75 billion consumer staples giant. According to a Form 4 filing with the Securities and Exchange Commission, Kimball sold 11,000 shares of Kroger common stock on March 21, 2025. The shares were sold at a weighted average price of $65.371, resulting in a total transaction value of $719,081. InvestingPro data shows the stock trading near its Fair Value, with the company maintaining a GOOD financial health score.
In addition to the sale, Kimball exercised options to acquire 11,000 shares of common stock at a price of $24.75 per share. This transaction, also dated March 21, 2025, amounted to a total value of $272,250. The stock has shown strong momentum, gaining nearly 18% over the past six months.
Following these transactions, Kimball holds a total of 127,106.309 shares in direct ownership. Notably, InvestingPro analysis reveals that management has been aggressively buying back shares, with the company maintaining dividend payments for 20 consecutive years. Discover 8 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, The Kroger Co. announced a quarterly dividend of 32 cents per share, scheduled for payment on June 1, 2025, to shareholders on record as of May 15, 2025. The company has maintained a 13.5% compounded annual growth rate in its dividend since 2006 and anticipates continued growth contingent on future board approvals. Additionally, Kroger appointed Ronald Sargent as interim CEO and Chairman, with a disclosed annual base salary of $4,350,000, alongside 60,515 shares of restricted stock set to vest in one year. In a strategic move to bolster its digital presence, Kroger named Yael Cosset as the executive vice president and chief digital officer, overseeing the new eCommerce business unit aimed at enhancing the online shopping experience. Under Cosset’s leadership, Kroger’s eCommerce sales reached $13 billion in 2024, marking significant growth in this sector. Furthermore, Kroger launched the "Elite Ate" Snack Bracket, a promotional event during the college basketball season, offering exclusive discounts on popular snacks. The company is also offering digital coupon savings on various products, accessible through its website or app. These developments reflect Kroger’s ongoing efforts to engage with customers and provide value through strategic initiatives and leadership changes.
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