The Kroger Co (KR) has been making significant moves lately, which has resulted in it being viewed as a reliable defensive pick in the market. The company recently announced plans to close approximately 60 grocery stores to streamline operations. Despite this,
Kroger is seen positively by investors, with consistent dividend increases over the last 19 years, making it an attractive long-term holding. Recently, the company raised its quarterly dividend by 9.4%, boasting a 1.9% yield. An encouraging sign is the fact
Kroger's stock confirms a buy signal as uptrends gain strength.
Kroger aims to stay competitive by dropping prices on over 1000 items while also pledging a donation of $1 million to support troops. According to Telsey Advisory, the company has maintained a buy rating and raised its price target. However, company's stock did experience a fall amid a general market uptick. Other noteworthy events include an uptick in
Kroger's e-commerce sales,
Kroger achieving Triple Trust recognition for shaping America's most trusted grocer,
Kroger's board raising its quarterly dividend by 9%, and the company's Q1 earnings beating estimates.
The Kroger KR News Analytics from Sun, 09 Mar 2025 08:00:00 GMT to Sat, 28 Jun 2025 06:19:19 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor -2
