5 Best Organic Food Stocks To Invest In

3. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 45

The Kroger Co. (NYSE:KR) is among the largest retailers in the United States. The company operates a combination of food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Among the company’s product offerings there is a wide range of natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce. The Kroger Co. (NYSE:KR) is most famous for its organic food brand, Simple Truth, and is among the top three organic food stocks to invest in now.

Analysts are bullish on The Kroger Co. (NYSE:KR). On June 6, Guggenheim analyst John Heinbockel raised his price target on The Kroger Co. (NYSE:KR) to $57 from $49 and reiterated a Buy rating on the shares.

On June 9, The Kroger Co. (NYSE:KR) announced the expansion of its delivery services to serve customers in South Florida, with the opening of its new location in Miami.

The Kroger Co. (NYSE:KR) is another undervalued dividend player in the organic food industry. As of June 10, The Kroger Co. (NYSE:KR) has a forward PE ratio of 13.47, a dividend yield of 1.64%, and has appreciated by 30.01% over the past twelve months.

At the close of Q1 2022, 45 hedge funds were long The Kroger Co. (NYSE:KR) and held stakes worth $5.16 billion in the company. This is compared to 41 hedge funds in Q4 2021 with stakes worth $4.15 billion. The hedge fund sentiment for the stock is positive.

As of March 31, Warren Buffett’s Berkshire Hathaway is the dominating stakeholder in The Kroger Co. (NYSE:KR) owning over 57.98 million shares of the company which amounts to a stake of $3.32 billion.