How much Kroger stock did Warren Buffett buy?

Buffett’s Berkshire Hathaway Inc., based in Omaha, Nebraska, said in a quarterly update with regulators this week that it picked up nearly 11 million shares of Kroger stock during the second quarter, raising its holdings to 61.8 million shares.

How many shares of Kroger stock did Warren Buffett buy?

Berkshire Hathaway Inc. BRK. B, +1.70% said in a quarterly update with regulators Monday that it picked up nearly 11 million shares of Kroger KR, -4.25% stock during the second quarter, raising its holdings to 61.8 million shares.

How much did Warren Buffett invest in Kroger?

Berkshire Hathaway Inc. BRK BRK purchased nearly 11 million shares of Kroger in the second quarter, according to its latest 13F report with the Securities and Exchange Commission. That brings its stake to 61.8 million shares, or about 8.3% of shares outstanding as of May 22, the end of Kroger’s fiscal first quarter.

Why is Warren Buffett buying Kroger stock?

The grocery store business checks off many boxes for Buffett: It’s simple, durable and not too susceptible to technological change. For everyday investors on today’s stock trading platforms, the logic behind Kroger is simple: People will always need to eat.

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When did Warren Buffett buy Kroger stock?

Buffett first took an ownership position in Kroger in the fourth quarter of 2019. His investment firm bought 18.9 million shares during that quarter, according to SEC filings.

Did Warren Buffett buy more Kroger stock?

Buffett’s Berkshire Hathaway Inc., based in Omaha, Nebraska, said in a quarterly update with regulators this week that it picked up nearly 11 million shares of Kroger stock during the second quarter, raising its holdings to 61.8 million shares.

Who owns the most stock in Kroger?

Top 10 Owners of Kroger Co

Stockholder Stake Shares owned
The Vanguard Group, Inc. 10.74% 78,978,401
Berkshire Hathaway, Inc. (Investm… 8.40% 61,787,910
BlackRock Fund Advisors 6.88% 50,579,549
SSgA Funds Management, Inc. 5.05% 37,140,961

Why is Kroger stock so high?

Kroger is succeeding in key growth initiatives, including its digital selling channel and its in-store grocery brands. Cash flow is strong, too, which implies rising cash returns for investors.

What did Warren Buffett buy recently?

In the first quarter of 2021, Buffett cut a recent investment in Chevron in half — Berkshire Hathaway had purchased $4.1 billion of Chevron stock just three months earlier.

Is Kroger a good company to invest in?

– Buy. Zacks’ proprietary data indicates that The Kroger Co. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the KR shares relative to the market in the next few months.

What four stocks Does Warren Buffett Own?

Warren Buffett’s Berkshire Hathaway has the largest holdings in four stocks — Apple, Bank of America, American Express, and Coca-Cola (as at the end of December 2020).

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Does Kroger have stock?

Kroger Stock Forecast

2022 should see ongoing recovery from the pandemic, which may cause further headwinds. The longer-term worry is from the rise of grocery delivery, which is a far lower margin service.