5 Best Grocery Stocks to Buy

4. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 49

The Kroger Co. (NYSE:KR) is a Cincinnati, Ohio-based operator of supermarkets and multi-department stores. The operator of the biggest supermarket retailer offers online grocery pickup from over 2,250 stores and on-demand delivery from 2,500 stores.

According to data compiled by Insider Monkey, Warren Buffett’s Berkshire Hathaway is the biggest hedge fund shareholder of The Kroger Co. (NYSE:KR), with a stake worth over $2.48 billion. The Oracle of Omaha is one of the biggest supporters of value investing, which dives down into the financials of an organization as compared to the chatter in the broader market. As of Q2 2022, The Kroger Co. (NYSE:KR) was held by 49 hedge funds.

The Kroger Co. (NYSE:KR) was also one of the top ten U.S. stocks selected by Bank of America for Q3 2022. The expectation that food prices will remain high and that consumers will continue to pay more for groceries is a possible catalyst for Kroger Co. (NYSE:KR). Despite the broader market turbulence, Kroger Co. (NYSE:KR) stock has gained nearly 6.9% since the start of 2022, as opposed to the 14.9% decline experienced by the S&P 500 Index during the same period.