Kroger Co . (NYSE:KR) Senior Vice President Valerie L. Jabbar has recently sold 15,000 shares of company stock, according to the latest SEC filings. The shares were sold on April 23, at a weighted average price of $55.52, totaling approximately $832,800. This transaction was disclosed in a legal filing with the SEC, which is available to the public.
The sale was executed in multiple transactions with prices ranging from $55.52 to $55.54. Following the sale, Jabbar still owns 77,696 shares of Kroger stock, directly tied to her personal holdings. The transactions reflect a part of the trading activities of the company's executives and insiders, which are closely monitored by investors for insights into the company's performance and management's perspective on the stock's value.
Valerie L. Jabbar, who serves as a Senior Vice President at Kroger, is part of the leadership team at one of the largest grocery retailers in the United States. The company, headquartered in Cincinnati, Ohio, operates under several banner names and aims to provide a seamless shopping experience for its customers, both in-store and online.
Investors and analysts often review the trading activity of company insiders to gain a better understanding of how internal stakeholders are interacting with their own stock, which can be indicative of their confidence in the company's future prospects. Jabbar's recent transaction will likely be of interest to those following Kroger's stock performance and corporate governance.
The detailed information regarding the number of shares sold at each separate price within the specified range is available upon request, as noted in the SEC filing. The Kroger Co. and its shareholders can request this information from the reporting person if needed.
Kroger's stock continues to be an area of focus for investors interested in the retail-grocery sector, with insider transactions serving as one of many factors that may influence investment decisions.
InvestingPro Insights
In light of the recent insider trading activity at Kroger Co. (NYSE:KR), investors may find additional context through real-time data and insights from InvestingPro. As of the last twelve months, Kroger has demonstrated a strong financial performance with a market cap of $40.42 billion and a price-to-earnings (P/E) ratio of 18.75, which adjusted for the same period stands at 11.68. The company's revenue growth was reported at 1.2%, indicating a steady increase in its earnings.
Delving into the company's stock performance, an InvestingPro Tip reveals that Kroger has experienced a large price uptick over the last six months, with a 29.23% total return, reflecting investor confidence and market momentum. Additionally, the company's strong return over the last three months, at 21.45%, aligns with Valerie L. Jabbar's recent stock sale, suggesting that insiders may be capitalizing on the stock's recent gains.
InvestingPro also highlights that Kroger has maintained dividend payments for 19 consecutive years, underscoring its commitment to shareholder returns. This is complemented by a notable dividend yield of 2.09% as of the last dividend's ex-date. For investors interested in the company's dividend track record and financial health, these InvestingPro Tips offer valuable insights into Kroger's long-term stability and profitability.
For those looking to delve deeper, InvestingPro offers additional tips on Kroger, which can be accessed through the specific company page. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and discover why analysts predict the company will be profitable this year, among other valuable insights. There are currently 15 more InvestingPro Tips available for Kroger, providing a comprehensive analysis for informed investment decisions.
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