10 Best Organic Food Stocks to Buy According to Billionaires

4. The Kroger Co. (NYSE:KR)

Number of Billionaire Investors: 14

Number of Hedge Fund Holders: 60

The Kroger Co. (NYSE:KR) is a food and drug retailer that operates supermarkets, fulfillment centers, and multi-department stores. It offers a range of organic food items. Its brand portfolio includes Smart Way, Big K, Heritage Farm, Simple Truth Organic, and Simple Truth. The company operates approximately 2,722 supermarkets, 2,257 pharmacies, and 1,665 fuel centers in 35 US states and the District of Columbia.

The company reported a 2.4% growth in its identical sales without fuel in fiscal Q4 2024 and an operating profit of $912 million. Kroger Co. (NYSE:KR) also delivered an 11% growth in digital sales, reflecting positive momentum in the category. Management expressed confidence in its plans for 2025 and is committed to delivering a total shareholder return of 8% to 11% over time.

On April 3, Guggenheim analyst John Heinbockel raised the firm’s price target on The Kroger Co. (NYSE:KR) to $73 from $71 and kept a Buy rating on the shares. The analyst highlighted that the company’s maturing Media business, rising operating momentum from the ESI network re-entry, and incremental KR Delivery growth should allow the recent multiple expansion to hold. The Kroger Co. (NYSE:KR) ranks fourth on our list of the best organic food stocks to invest in now.