How much Kroger stock did Warren Buffett buy?

Did Warren Buffett buy more Kroger stock?

Billionaire Warren Buffett’s company has again increased the size of its bet on grocery giant Kroger, while scaling back several of its health care industry investments. … Based on Kroger’s closing share price of $45.44 on Tuesday, Berkshire Hathaway’s stake in the Cincinnati-based company is worth about $2.8 billion.

How many shares of Kroger stock did Warren Buffett buy?

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 did Warren Buffett buy Kroger stock?

Kroger is a long-standing grocery superstore and the biggest supermarket in the U.S. This gave it the opportunity to generate a lot of revenue when panic shoppers rushed to clean out grocery stores across the world. That’s why Buffett bought Kroger stock at the onset of the pandemic.

When did Buffett buy Kroger?

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.

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Who owns the most Kroger stock?

Top 10 Owners of Kroger Co

Stockholder Stake Shares owned
The Vanguard Group, Inc. 9.07% 67,454,775
Berkshire Hathaway, Inc. (Investm… 8.31% 61,787,910
BlackRock Fund Advisors 7.06% 52,489,555
SSgA Funds Management, Inc. 5.30% 39,374,106

Is Kroger a good stock to buy?

Kroger stock is not a buy at the moment. … Its stock market performance over the last 12 months has been better than the S&P 500, but current bearish action is not encouraging. Investors looking for true market leaders are urged to check out IBD Stock Lists, including the IBD 50 list of top performing stocks.

What did Warren Buffett buy recently?

AbbVie. Buffett first bought AbbVie (ABBV, $118.41) in the third quarter of 2020 as part of a wider bet on the pharmaceutical industry. But most recently, Berkshire Hathaway has cut its position for a second quarter in a row. The holding company sliced 10% off its ABBV stake in Q2, unloading 2.3 million shares.

Was Kroger bought out?

Kroger (KR) is selling its nearly 800 convenience stores to British operator EG Group for $2.15 billion, the U.S. grocery chain said Monday in a statement. Kroger intends to use proceeds from the sale to repurchase shares and reduce its debt.

How can I buy Kroger stock?

How to buy shares in The Kroger

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. …
  4. Research the stock. …
  5. Purchase now or later. …
  6. Check in on your investment.
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