The Kroger Co. (NYSE:KR) is reportedly undergoing several transitions in its shareholding structure, as multiple firms have sold or trimmed their holdings. Notable entities like Empowered Funds LLC, Forsta AP Fonden, Private Advisor Group LLC, among others, have reduced their respective stakes. The company has been taking initiatives to improve its performance, including increasing its dividend to $0.32. Despite the negative attention surrounding share sales, Kroger’s stocks have also reportedly reached fresh highs and received a mean consensus price target of $57.30. The company’s earnings and sales have surpassed estimates, resulting in robust performance, but have shown a decline for the first time in 12 quarters. In an exciting development, Kroger has teamed up with Bayer, Luke Bryan, and Feeding America to enhance access to nutritious food. Various key insights signify a 10% dividend hike, and some point to the potential of a future beat-and-raise quarter. The increased CEO compensation is expected to stabilize soon. The Kroger-Albertsons merger is making headlines, with fuel centers and pharmacies related to divested stores to remain operational, ensuring job security for current employees. However, Colorado is suing to stop the merger, and concerns over the deal's sustainability persist.
The Kroger KR News Analytics from Tue, 12 Dec 2023 08:00:00 GMT to Sun, 14 Jul 2024 18:49:56 GMT -
Rating 4
- Innovation 3
- Information 7
- Rumor 8
