11 Best Ice Cream Stocks to Invest In 2024

3. The Kroger Co. (NYSE:KR) 

Number of Hedge Fund Investors’ holdings: 46          

The Kroger Co. (NYSE:KR), a U.S.-based retail entity, runs supermarkets and multi-department stores across the U.S.

The company reported an EPS of $1.01 for the quarter ending 3 February 2024, which was an increase as compared to $0.81 in the previous quarter. Operating profit also rose 18.6% from $1 million in the previous quarter to $1.2 million.

The merger of Kroger and Albertsons Companies, Inc. is also in the air, which was challenged by the Federal Trade Commission because the merger would result in higher prices and eliminate the competition in the market. However, both are eager to pursue it still and time will tell whether the largest supermarket merger will actually take place or not.

As of Q1, 2024, 46 hedge funds have invested in The Kroger Co. (NYSE:KR) with a combined investment value of $4.2 billion, with Berkshire Hathaway holding the largest interest worth of whopping $2.9 billion! Analysts are expecting the stock price of $50.2 to climb to $58.24, which means an upside potential of 16%.