The Kroger Company (KR) continues to gain recognition as a solid investment option. Cited as one of the top perpetual stocks to buy, it is seen as an undervalued defensive stock, with strategic financial investments from firms such as Asset Management One Co. Ltd., Kingsview Wealth Management LLC, Empowered Funds LLC, and others. Its commitment to lower prices is reflected in a new $7.5B share buyback program. Insiders purchasing activity is strong, with Kentucky Trust Co, Bonfire Financial, among others, bolstering their stakes in the firm. The Company appointed David Kennerley as its latest CFO, introduced a quarterly dividend of $0.32, and has a healthy balance sheet, despite market fluctuations. Additionally, the new agreement with Express Scripts was announced, and $5.0B of accelerated Share Repurchase Program was unveiled. However, there are legal overtones with Albertsons suing Kroger over a breach in their merger deal. Meanwhile, the Berkshire Hathaway head, Warren Buffett, maintains a bullish stance on The Kroger Co.
The Kroger KR News Analytics from Wed, 05 Jun 2024 07:00:00 GMT to Sat, 15 Feb 2025 17:27:49 GMT -
Rating 6
- Innovation 3
- Information 5
- Rumor -4
