In a recent transaction, Carin L. Fike, Vice President and Treasurer of The Kroger Co . (NYSE:KR), sold shares of the company's stock, according to a Form 4 filing with the Securities and Exchange Commission. The transaction included the sale of 3,929 shares at prices ranging from $57.01 to $57.04, totaling over $224,000.
The sale took place on April 23, 2024, and was part of a series of transactions that also involved the acquisition of shares. Fike acquired 2,672 shares of Kroger common stock at a price of $38.33 per share, amounting to a total of approximately $102,417. This transaction was executed indirectly by Fike's spouse and did not affect the total number of shares Fike directly owns in the company. The total number of shares directly held by Fike includes those in the company's employee benefit plans, as disclosed in reports from plan trustees.
Following these transactions, the total number of non-derivative securities owned by Fike is 4,768 shares. In addition, the filing indicated that Fike's spouse indirectly owns a total of 46,770.3526 shares, which includes shares in "tax-conditioned plans" pursuant to Rule 16b-3.
The Form 4 also reported a derivative transaction involving non-qualified stock options. Fike disposed of 2,672 options at a conversion or exercise price of $38.33, with the options originally granted under a long-term incentive plan of The Kroger Co. These options had vested in equal annual installments over a five-year period, with the transaction leaving Fike with zero options remaining.
Investors often monitor insider transactions as they can provide insights into an executive's confidence in the company's future performance. The transactions by Fike were conducted in a personal capacity and are part of the standard disclosures required by corporate executives.
InvestingPro Insights
As Carin L. Fike, Vice President and Treasurer of The Kroger Co. (NYSE:KR), navigates her personal investment in the company, investors looking at the broader picture of Kroger may find the following insights from InvestingPro valuable. With a market capitalization of $40.4 billion, Kroger stands as a significant player in the Consumer Staples Distribution & Retail industry, a fact that may influence the stability and long-term value of its stock.
One of the key InvestingPro Tips for Kroger is its notable history of dividend reliability, having raised its dividend for 18 consecutive years. This track record of consistent dividend payments, which has been maintained for 19 consecutive years, is a testament to the company's financial health and commitment to returning value to shareholders. Furthermore, the company has experienced a strong return over the last three months, with a 21.45% price total return, which is a positive sign for investors considering the stock's recent performance.
From a financial perspective, the InvestingPro Data highlights a Price to Earnings (P/E) ratio of 18.75, which has adjusted to 11.68 for the last twelve months as of Q4 2024. This lower adjusted P/E ratio could indicate that the stock is potentially undervalued compared to its earnings. Additionally, the company's revenue growth has been modest at 1.2% for the last twelve months as of Q4 2024, with a significant quarterly increase of 6.44% in Q4 2024, signaling a positive trend in sales.
For those seeking more in-depth analysis and additional insights, InvestingPro offers further tips on The Kroger Co. and other stocks. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Discover more about Kroger's financial health and future prospects by visiting https://www.investing.com/pro/KR, where you'll find a total of 10 additional InvestingPro Tips to assist in making more informed investment decisions.
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