5 Low-Priced Blue Chip Stocks to Buy Now

4. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 45

Share Price as of June 17: $46.20

The Kroger Co. (NYSE:KR) operates a variety of food and drug stores, multi-department stores, marketplace stores, and price impact warehouses throughout the United States. On June 17, Morgan Stanley analyst Simeon Gutman raised his price target on The Kroger Co. (NYSE:KR) to $41 from $38 and reiterated an Underweight rating on the shares.

Two features that made The Kroger Co. (NYSE:KR) rank high among low-priced blue-chip stocks to invest in now are the company’s undervalued nature and dividend yield. As of June 17, the stock has a forward PE ratio of 11.87 and a dividend yield of 1.82%.

At the end of Q1 2022, 45 hedge funds held stakes in The Kroger Co. (NYSE:KR) worth $5.16 billion. This is compared to 41 positions in the prior quarter with stakes worth $4.15 billion. The hedge fund sentiment for the stock is positive.

As of March 31, Berkshire Hathaway is the top stakeholder in The Kroger Co. (NYSE:KR), with stakes worth $3.32 billion.