Kroger (NYSE:KR) Shares Acquired Rep. David Taylor

Representative David Taylor (R-Ohio) recently bought shares of The Kroger Co. (NYSE:KR). In a filing disclosed on April 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Kroger stock on February 20th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)” account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 3/27/2025.
• Purchased $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 3/10/2025.
• Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 3/10/2025.
• Purchased $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 3/10/2025.
• Sold $1,001 – $15,000 in shares of American Electric Power (NASDAQ:AEP) on 3/10/2025.
• Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 3/10/2025.
• Sold $1,001 – $15,000 in shares of J. M. Smucker (NYSE:SJM) on 2/20/2025.
• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of J. M. Smucker (NYSE:SJM) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 2/5/2025.

Kroger Price Performance

Shares of KR stock opened at $67.05 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.07 and a current ratio of 1.54. The Kroger Co. has a fifty-two week low of $49.04 and a fifty-two week high of $71.93. The firm has a market cap of $48.52 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.85 and a beta of 0.60. The business’s 50 day moving average price is $64.99 and its 200-day moving average price is $60.79.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, March 6th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Kroger had a net margin of 1.85% and a return on equity of 27.73%. The business had revenue of $34.31 billion for the quarter, compared to the consensus estimate of $34.96 billion. On average, equities research analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a $0.32 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.91%. Kroger’s payout ratio is presently 34.88%.

Kroger announced that its board has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $7.50 billion in shares. This repurchase authorization allows the company to reacquire up to 16.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at Kroger

In related news, VP Carin L. Fike sold 5,541 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $70.79, for a total value of $392,247.39. Following the transaction, the vice president now directly owns 3,480 shares of the company’s stock, valued at approximately $246,349.20. This trade represents a 61.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Yael Cosset sold 115,149 shares of Kroger stock in a transaction on Monday, March 10th. The shares were sold at an average price of $68.08, for a total value of $7,839,343.92. Following the transaction, the senior vice president now owns 139,338 shares in the company, valued at $9,486,131.04. This trade represents a 45.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 228,785 shares of company stock worth $15,393,666. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Kroger

A number of hedge funds have recently bought and sold shares of the business. Board of the Pension Protection Fund purchased a new position in shares of Kroger during the fourth quarter valued at approximately $1,113,000. Nordea Investment Management AB raised its stake in Kroger by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 4,052,534 shares of the company’s stock valued at $249,717,000 after buying an additional 148,221 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Kroger during the 3rd quarter valued at $566,000. Avanza Fonder AB purchased a new position in shares of Kroger in the 4th quarter worth $4,210,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Kroger by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 6,164,855 shares of the company’s stock worth $353,246,000 after acquiring an additional 37,222 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup raised their price objective on shares of Kroger from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, March 7th. Roth Mkm upped their price target on Kroger from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. BMO Capital Markets raised their price objective on Kroger from $60.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their target price on shares of Kroger from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Melius lowered shares of Kroger from a “hold” rating to a “sell” rating and set a $58.00 price objective on the stock. in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.