Tobam has reduced its stake in
The Kroger Co. (NYSE:KR), while other investors including
Swedbank AB and
Cibc World Market Inc. have increased their holdings. Additionally, both
Goldman Sachs and
Guggenheim adjusted their price targets for KR, with Goldman Sachs resuming coverage on the stock.
Hantz Financial Services and
Spire Wealth Management have substantial stakes in the company.
Kroger has been proactive in executing new agreements with the likes of
Express Scripts, creating a breakthrough in pharmacy access. The company also announced steps such as initiating a
$7.5B Share Buyback Program and agreements for a larger
$5.0B Accelerated Share Repurchase Program. Despite being engaged in a lawsuit with Albertsons, largely viewed as baseless by experts, Kroger continues its steady growth, even reaching a new 52-week high after declaring a dividend.
Warren Buffett remains bullish about the company. Kroger has also delivered on digital growth and shows promising financial results, as seen in Q3 of 2024. They engage with customers through initiatives like nutrition programs and holiday-focused savings while staying committed to lower prices.
The Kroger KR News Analytics from Wed, 14 Aug 2024 07:00:00 GMT to Sat, 08 Feb 2025 14:18:44 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -5
