Vestcor Inc. reduced its stake in The Kroger Co. by 4.6% in the third quarter, selling 16,994 shares, but Kroger remains its 21st-largest position. Despite this sale, other institutional investors have increased their holdings, with institutional investors owning 80.93% of the company. Kroger beat EPS estimates but missed revenue expectations and announced a quarterly dividend of $0.35 per share.
Vestcor Inc Sells 16,994 Shares of The Kroger Co. $KR
Vestcor Inc. reduced its stake in The Kroger Co. by 4.6% in the third quarter, selling 16,994 shares, but Kroger remains its 21st-largest position. Despite this sale, other institutional investors have increased their holdings, with institutional investors owning 80.93% of the company. Kroger beat EPS estimates but missed revenue expectations and announced a quarterly dividend of $0.35 per share.