First Foundation Advisors has decreased its stake in
The Kroger Co., yet the company continues to have strong institutional backing with
75% institutional ownership. Multiple institutions, like
Oppenheimer & Co. Inc.,
Twin Tree Management LP, and
Mitsubishi UFJ Asset Management Co. Ltd, have acquired shares of the company. However, some, including
Empowered Funds LLC and
Ledyard National Bank, have sold shares.
Kroger recently announced a
10% dividend increase, raising it to
$0.32. Despite market gains, the company's stock has dipped on occasion. The
Kroger-Albertson's merger continues to be a topic of discussion, with possibilities of divestiture or blockage by the state of Colorado.
Kroger's Q1 and Q4 earnings reports have been released, showing a mixed performance; it has exceeded expectations in Q1 but experienced a
drop in identical sales year on year during Q4. Senior Vice President
Valerie Jabbar has sold 15,000 shares, and the company has announced its
CFO transition.
The Kroger KR News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sun, 21 Jul 2024 17:09:30 GMT -
Rating 0
- Innovation 5
- Information 8
- Rumor -4
