Kroger
About: Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company boasts an ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its own food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.
Employees: 414,000
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 11 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
56% more call options, than puts
Call options by funds: $467M | Put options by funds: $300M
23% more first-time investments, than exits
New positions opened: 132 | Existing positions closed: 107
11% more capital invested
Capital invested by funds: $29.4B [Q2] → $32.6B (+$3.21B) [Q3]
11% more repeat investments, than reductions
Existing positions increased: 459 | Existing positions reduced: 414
2% more funds holding
Funds holding: 1,153 [Q2] → 1,178 (+25) [Q3]
2.77% less ownership
Funds ownership: 81.65% [Q2] → 78.88% (-2.77%) [Q3]
18% less funds holding in top 10
Funds holding in top 10: 11 [Q2] → 9 (-2) [Q3]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$55
11%
downside
Avg. target
$66
7%
upside
High target
$75
21%
upside
11 analyst ratings
6 positive
55%
5 neutral
45%
0 negative
0%
B of A Securities Robert Ohmes 68% 1-year accuracy 13 / 19 met price target | 21%upside $75 | Buy Maintained | 20 Dec 2024 |
Guggenheim John Heinbockel 55% 1-year accuracy 6 / 11 met price target | 10%upside $68 | Buy Initiated | 19 Dec 2024 |
UBS Michael Lasser 62% 1-year accuracy 21 / 34 met price target | 7%upside $66 | Neutral Maintained | 12 Dec 2024 |
BMO Capital Kelly Bania 75% 1-year accuracy 18 / 24 met price target | 2%upside $63 | Market Perform Maintained | 12 Dec 2024 |
Wells Fargo Edward Kelly 58% 1-year accuracy 19 / 33 met price target | 18%upside $73 | Overweight Maintained | 12 Dec 2024 |
Financial journalist opinion
Based on 84 articles about KR published over the past 30 days
Positive
Zacks Investment Research
22 hours ago
Kroger's Strategic $5 Billion Buyback Plan: A Boost for Shareholders
KR's $5 billion ASR program represents a strong step in boosting shareholder value and demonstrates its robust financial health.
Neutral
PRNewsWire
1 day ago
Kroger Announces Agreements for $5.0B Accelerated Share Repurchase Program
CINCINNATI, Ohio , Dec. 19, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced that it entered into Accelerated Share Repurchase ("ASR") agreements with each of Wells Fargo Bank, National Association and Citibank, N.A. (the "Dealers") to repurchase, in aggregate, $5.0 billion in shares of Kroger common stock.
Neutral
Seeking Alpha
3 days ago
Berkshire Hathaway For Dividend Investors: My Favorite Buffett Dividend Stock
Warren Buffett's Berkshire Hathaway doesn't pay dividends because Buffett believes his team allocates capital better than individual investors could. Dividend investors seek reliable cash flows for retirement, preferring stocks with significant dividends, combining attractive yields and growth rates. Here are some of my favorite stocks, including one which is a great buy today.
Neutral
PRNewsWire
3 days ago
Forbes Recognizes Kroger as a Leader in Workplace Culture and Pharmacy Customer Service
CINCINNATI , Dec. 17, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR), America's Grocer, today announced its Forbes recognition as one of America's Best Employers for Tech Workers and for providing exceptional customer service through its Kroger Family of Pharmacies. "We are honored to be recognized by Forbes as one of the Best Employers for Tech Workers and for our unparalleled customer service specifically in pharmacy.
Positive
Seeking Alpha
3 days ago
2 REITs To Add To Your Christmas List And When To Buy For A Margin Of Safety
Agree Realty and VICI Properties are high-quality REITs with strong fundamentals and impressive total returns, but currently offer little margin of safety due to their run-up in share prices. Investing with a margin of safety helps manage market volatility; for example, my cost basis of $53 for Realty Income has helped me stomach volatility and the stock's underperformance. I recommend assigning stocks specific roles in your portfolio; for example, Starwood Property for stable dividends, PepsiCo for moderate growth, and Visa for high growth, balancing income and growth.
Negative
WSJ
4 days ago
Food Fight With Kroger Spells Trouble for Albertsons
Albertsons faces daunting challenges as a stand-alone company.
Positive
MarketBeat
4 days ago
3 Companies Leading the Way With Aggressive Stock Buybacks
When companies are deemed cheap by insiders, management, in this case, applies a few simple strategies to the underlying stock so that investors regain confidence and an optimistic view of the name. Consequently, these same decisions help Wall Street analysts get behind the stock and potentially boost its price targets accordingly.
Neutral
PRNewsWire
1 week ago
Kroger Offering More than $1,200 in Weekly Savings Ahead of the Holidays
CINCINNATI , Dec. 13, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR), America's grocer, today shared all the ways customers can save as they prepare for the holiday season, offering more than $1,200 in savings on everyday items and yuletide essentials across the store. "This holiday season, we want customers to create lasting memories and share their tables with an open heart," said Mike Murphy Kroger's group vice president of e-Commerce, Analytics & Execution for Merchandising.
Negative
Reuters
1 week ago
Local unions call on Kroger's board to replace CEO after $7.5 billion buyback plan
United Food and Commercial Workers local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the company's announcement of a $7.5 billion stock buyback plan after terminating a deal to buy Albertsons.
Neutral
Seeking Alpha
1 week ago
Kroger Vs. Albertsons: Which Stock Is The Best Bet After The Merger Breakup?
Albertsons is poised to sue for their deal termination fee which, if obtained, would most likely kill any chance for a future deal. ACI was priced on the merger closing and now remains very undervalued. Kroger has its merits as well, and is also undervalued and in a much better financial position on the balance sheet than Albertsons.
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