13 Best Forever Stocks to Buy Right Now

10. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 39

The Kroger Co. (NYSE:KR) is an American retail firm that runs supermarkets and multi-department shops across the United States. The Kroger Co. (NYSE:KR), is one of the world’s leading food retailers, with over 2,700 supermarkets and multi-department shops scattered throughout 35 states in the United States.

On January 24, Citi analysts restored coverage of KR shares with a Neutral rating and a $61 price target. The decision comes after a pause owing to a possible merger between The Kroger Co. (NYSE:KR) and Albertsons Companies Inc., which has since been halted. Citi analysts praised the company’s many outstanding qualities while also highlighting many issues and obstacles that might affect its performance.

During the third quarter of 2024, The Kroger Co. (NYSE:KR) grew its client base by providing outstanding value through competitive pricing, personalized promotions, and high-quality private-label items, all within a seamless shopping experience. The company’s quarterly sales were $33.63 billion, down 0.95% from the same period last year.