5 Warren Buffett Stocks That Are Too Cheap To Ignore

4. The Kroger Co. (NYSE:KR)

Price to Earnings Ratio as of October 17, 2022: 13.15

Number of Hedge Fund Holders: 49

Industry Average P/E: 14.82

The Kroger Co. (NYSE:KR) is a retailer that was set up in 1883 and is headquartered in Cincinnati, Ohio. The firm operates warehouses and department stores that offer a wide variety of products such as groceries and medicines.

Mr. Buffett’s holding company owned 52 million The Kroger Co. (NYSE:KR) shares that were worth $2.4 billion as part of its June quarter of 2022 investments. Insider Monkey’s 895 hedge fund survey for their second quarter of 2022 investments outlined that 49 had invested in the company.

The Kroger Co. (NYSE:KR) is aiming to take on larger firms such as Walmart by acquiring Albertsons. It aims to add $1 billion in synergies from the deal by 2024. The company’s P/E ratio of 13.15 is lower than the grocery retailer average of 14.82, implying that there is room left for the shares to grow.

The Kroger Co. (NYSE:KR)’s second largest investor is Jim Simons’ Renaissance Technologies which owns 16 million shares that are worth $792 million.