**Kroger’s Investment Outlook: Key Facts**
Kroger (NYSE: KR), the largest grocery store chain in the U.S., has been part of Berkshire Hathaway’s portfolio since 2019, making up approximately 1.4% of the portfolio. Currently, Kroger’s stock is trading near its 52-week low of $55, recently sitting around $58 per share, down about 5% year-to-date.
The company has demonstrated resilience, notably only down 1% during the 2022 bear market when the S&P 500 fell by 19% and the Nasdaq Composite dropped by 33%. Analysts are optimistic about Kroger’s future, setting a median price target of $72.50 per share, indicating a potential upside of 24% over the next year. Additionally, Kroger has a strong dividend yield of 2.63% with a low payout ratio of 21%, and has consistently raised its dividend for 19 years.
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