Several prominent investment advisory firms have made adjustments to their holdings in
The Kroger Co. (NYSE:KR), including both purchases and sales of shares. There are questions around Kroger's potential merger with Albertsons, with some seeing it as a lose-lose scenario, while others point to significant return potential.
Kroger has been noted as a top dividend and value stock, suggesting its potential to offer consistent returns over the long-term. Despite fluctuations, the market has generally seen growth in Kroger's shares, however, this has trailed behind overall market gains on several occasions. The majority of analysts currently hold a neutral 'Hold' stance on Kroger. Some key movements include Trexquant Investment LP raising its stake, and Brown Advisory and Envestnet reducing their holdings. Kroger's leadership has also been active in stock transactions, notably Senior VP Valerie Jabbar selling 15,000 shares.
Despite missing Q3 earnings estimate by a penny, Q4 earnings beat expectations, yet identical sales have fallen year-over-year. Kroger's intrinsic value is speculated to be significantly higher than its share price, suggesting potential for growth.
The potential Albertsons merger and Kroger's defense of this merger have had notable impact on its stock movement.
The Kroger KR News Analytics from Fri, 08 Sep 2023 07:00:00 GMT to Sat, 25 May 2024 22:08:09 GMT -
Rating 4
- Innovation 5
- Information 7
- Rumor 7
