In a recent move, Mary Ellen Adcock, Senior Vice President of Kroger Co (NYSE:KR), sold a significant amount of company stock. According to the latest filings, Adcock disposed of shares worth over $4.6 million.
The transactions, which occurred on April 23, involved sales of Kroger's common stock at prices ranging from $55.6 to $55.64. The total amount of stock sold by Adcock amounted to 82,806 shares, bringing in a total of $4,605,193. The prices reported are a weighted average, with the shares being sold in multiple transactions at prices within the stated range.
In addition to the sales, Adcock also acquired shares through the exercise of options. Two separate transactions were reported, one involving 29,499 shares at a price of $28.05 per share, and another with 53,307 shares at $22.92 per share. These acquisitions, which are part of a long-term incentive plan, added up to a total value of $2,049,243.
Following these transactions, Adcock's ownership in Kroger's common stock has adjusted, reflecting the combined effect of the option exercises and the subsequent sales. The Senior Vice President's recent financial moves provide an insight into the executive's stock transactions, which are often monitored by investors for indications of a company's internal perspective.
Investors and the market will continue to watch the trading activities of Kroger's executives for signs of the company's performance and strategic direction.
InvestingPro Insights
In light of the recent transactions by Mary Ellen Adcock, Senior Vice President of Kroger Co, it's valuable to consider the company's overall financial health and market performance. A glance at the real-time data from InvestingPro paints a picture of a company with a solid market presence and a noteworthy dividend track record.
InvestingPro Tips highlight that Kroger has raised its dividend for a commendable 18 consecutive years and has maintained dividend payments for 19 consecutive years. This consistency in rewarding shareholders suggests a level of financial stability and commitment to returning value. Additionally, with a strong return over the last three months, reflected by a 21.45% price total return, investors might interpret this as a sign of positive market sentiment towards Kroger.
From the InvestingPro Data, we can see that Kroger's market capitalization stands at a robust $40.45 billion USD. The company's P/E ratio is currently at 18.75, with an adjusted ratio from the last twelve months as of Q4 2024 at 11.68, indicating a potentially more attractive valuation compared to the unadjusted figure. Furthermore, the dividend yield as of the most recent data is 2.09%, which, coupled with a dividend growth of 11.54% over the last twelve months, underscores Kroger's appeal to income-focused investors.
For those interested in delving deeper into the financials and strategic positioning of Kroger, InvestingPro offers additional insights and analytics. Utilizing the coupon code PRONEWS24, readers can access these resources at a discounted rate for a yearly or biyearly Pro and Pro+ subscription. There are 15 more InvestingPro Tips available that can provide a comprehensive understanding of Kroger's performance and prospects.
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