5 Best Beef Stocks to Buy Now

2. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 43  

The Kroger Co. (NYSE:KR) operates as a beef retailer in the United States. The company recently announced plans to support online grocery and meat delivery in Kentucky by opening a new facility in the region. This 2,000-square-foot facility will serve as a cross-docking site for Kroger’s 375,000-square-foot customer fulfillment center (CFC) in Monroe, Ohio. The project, valued at over $550,000, is expected to create 98 full-time jobs. The company already operates a larger 50,000-square-foot spoke in Louisville, Kentucky, which went live in August 2022. The new facility will help expand Kroger’s online order capacity and delivery service within a 200-mile radius. 

On March 20, Northcoast analyst Chuck Cerankosky upgraded The Kroger Co. (NYSE:KR) stock to Buy from Neutral with a price target of $60, appreciating the strong fourth quarter earnings results of the firm. 

Among the hedge funds being tracked by Insider Monkey, Omaha-based investment firm Berkshire Hathaway is a leading shareholder in The Kroger Co. (NYSE:KR) with 50 million shares worth more than $2.4 billion.