Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
The Kroger Co (KR)
Kroger is the leading American grocer, with 2,719 supermarkets operating under several banners throughout the country at the end of fiscal 2022. Around 83% of stores have pharmacies, while nearly 60% also sell fuel. The company also operates roughly 120 fine jewelry stores. Kroger features a leading private-label offering and manufactures around 30% of its own-brand units (and more than 40% of its grocery own-label assortment) itself in 33 food production plants nationwide. Kroger is a top-two grocer in most of its major markets (as of early 2021, according to company data). Virtually all of Kroger’s sales come from the United States. Kroger has offered to acquire no-moat Albertsons in a $25 billion deal; if the transaction is approved by regulators, it should close in 2024.
A quick look at the price chart below shows us that the stock is down 1.05% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 11 which means that it remains undervalued.
Warren Buffett – 50,000,000
Jim Simons – 8,399,754
Cliff Asness – 5,682,361
Ray Dalio – 1,783,329
Israel Englander – 322,376
Steve Cohen – 127,161
Joel Greenblatt – 112,983
Lee Ainslie – 72,638
Ken Fisher – 10,301
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