The Kroger Co. (KR) Is One Of The Oldest Stocks In Warren Buffett’s Berkshire Ha

The Kroger Co. (NYSE:KR) is one of the 10 Best Long-Term Stocks to Buy Now According to Warren Buffett.

Warren Buffett's Berkshire Hathaway held a stake in The Kroger Co. (NYSE:KR) as far back as 2019. It disclosed a $549 million stake in the fourth quarter of 2019 courtesy of holding 18.9 million shares. The number of shares gradually grew and peaked at 61 million shares that were worth $2.7 billion at the end of 2021's fourth quarter. Then, the number of shares held dropped, and after touching 50 million in Q4 2022, they remained at this level since then. However, courtesy of a consistent rise in The Kroger Co. (NYSE:KR)'s average share price, the stake is now worth $3.6 billion.

Morgan Stanley discussed The Kroger Co. (NYSE:KR)'s shares on June 22nd. The bank reiterated an Equal Weight rating on the shares and reduced the share price target to $67 from $73. As part of its coverage, Morgan Stanley discussed The Kroger Co. (NYSE:KR)'s strategy of relying on its own capital to fund growth. It remarked that the grocery store operator could experience some troubles with the model despite the strong execution track record of its CEO.

While we acknowledge the potential of KR as an i

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/kroger-co-kr-one-oldest-172640598.html)