Kroger Co . (NYSE:KR) Senior Vice President Timothy A. Massa has recently sold 29,970 shares of the company's common stock, according to a Form 4 filing with the Securities and Exchange Commission. The transaction, dated April 23, 2024, was executed at an average price of $57.18 per share, resulting in a total sale value of approximately $1.71 million.
On the same day, Massa acquired the same number of shares at $38.33 each, amounting to a purchase totaling around $1.15 million. These transactions are part of the company's long-term incentive plan, under which options were granted and vested over a five-year period, as detailed in the footnotes of the filing.
Following the sale, Massa's direct ownership in the company stands at 230,861 shares of common stock. The transactions show a significant trading activity by the executive, reflecting the exercise of stock options followed by the sale of shares.
Investors often monitor insider buying and selling as it can provide insights into the company's performance and future prospects as seen by its executives. The recent transactions by Massa may be of interest to current and potential shareholders as they evaluate their investment in Kroger Co.
The company, a well-known retail grocery chain, continues to be a significant player in the industry, with its stock performance and executive transactions being closely watched by the market.
InvestingPro Insights
The recent insider trading activity involving Senior Vice President Timothy A. Massa at Kroger Co. (NYSE:KR) highlights the importance of staying informed on executive moves and company performance. Investors looking for additional insights can turn to InvestingPro for deeper analysis. Notably, Kroger has demonstrated a commitment to shareholder returns, having raised its dividend for 18 consecutive years, and has maintained those payments for 19 consecutive years, signaling financial stability and confidence in its business model.
On the financial front, Kroger boasts a market capitalization of $40.45 billion, reflecting its substantial presence in the Consumer Staples Distribution & Retail industry. The company's Price/Earnings (P/E) ratio, a key metric for valuation, stands at 18.75, with an adjusted P/E ratio for the last twelve months as of Q4 2024 at a lower 11.68. This could indicate that the stock is potentially undervalued relative to its earnings. Additionally, Kroger's revenue for the last twelve months as of Q4 2024 reached $150.04 billion, with a growth rate of 1.2%, showcasing the company's ability to increase its sales.
Investors may also be encouraged by Kroger's stock performance, with a strong return of 21.45% over the last three months and an impressive 29.23% over the last six months. Such robust returns could be a testament to the company's operational success and market confidence. For those interested in further insights, there are additional InvestingPro Tips available, which can be accessed through the dedicated link for Kroger: https://www.investing.com/pro/KR. Moreover, using coupon code PRONEWS24 grants an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering even more value to discerning investors.
For Kroger, the additional tips listed on InvestingPro may prove invaluable for investors seeking a comprehensive understanding of the company's prospects and market positioning. With a total of 10 additional InvestingPro Tips available, users can gain a more nuanced view of Kroger's financial health and strategic direction.
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