The Kroger Co. (NYSE:KR)’s insiders have been consistently unloading their company shares over the past months, following the trend marked by Marnette Perry in April, when the Senior Vice President unloaded 20,000 shares of Common Stock for $45.36 per share. And while just yesterday we reported on insider stock sales at the $24.1 billion market cap consumer goods retailer, there are two more dispositions to add on today.
Christopher Hjelm, Senior Vice President at Kroger Co, sold 9,000 shares of Common Stock, directly, for a price of $49.24 per share. Following the sale, Hjelm now holds a total of 102,070 company shares to his name. Furthermore, Geoffrey Covert, also Senior VP, completed a stock disposition yesterday, unloading 6,567 shares of Common Stock for $49.25 per share.
However, while company insiders seem inclined to sell their shares this quarter, some hedge funds have increased the Kroger Co.’s participation in their portfolio, as is the case with Phill Gross and Robert Atchinson’s Adage Capital Management. After increasing participation by 1%, the hedge fun now holds 787,500 shares, worth $34.3 million.