5 Best Food Stocks To Buy Now

02. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 49

The Kroger Co. (NYSE:KR) was founded in 1883 and is based in Cincinnati, Ohio. The Kroger Co. (NYSE:KR) operates as a retailer in the United States. The Kroger Co. (NYSE:KR), one of the industry leaders in retail, benefits from economies of scale and strong earnings. The Kroger Co. (NYSE:KR) posted normalized EPS of $0.90 for the second fiscal quarter, exceeding consensus expectations by $0.07. The company’s revenue for the second quarter totaled $34.64 billion, up 9.3% over the same period last year.

On September 13, analyst Krisztina Katai with Deutsche Bank raised his price target for The Kroger Co. (NYSE:KR) from $53 to $54 while maintaining a Hold recommendation on the shares. Hedge fund sentiment around The Kroger Co. (NYSE:KR) has increased in the second quarter of 2022, with 49 hedge funds long the stock, compared to 45 in Q1 2022.

When looking at the institutional investors followed by Insider Monkey at the end of Q2, Berkshire Hathaway managed by Warren Buffett holds the biggest position in The Kroger Co. (NYSE:KR). Berkshire Hathaway has an over $2 billion position in the stock, comprising 0.82% of its 13F portfolio.