KR Apr 2020 32.000 call

OPR - OPR Delayed Price. Currency in USD
0.7500
0.0000 (0.00%)
As of 12:34PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close0.7500
Open0.7400
Bid0.0000
Ask0.0000
Strike32.00
Expire Date2020-04-17
Day's Range0.7400 - 0.8500
Contract RangeN/A
Volume35
Open Interest909
  • Reuters

    Amazon expands physical footprint with bigger cashier-less grocery shop

    Amazon.com Inc is bringing its cashier-less store technology to a larger stage. The world's biggest online retailer on Tuesday is set to open 'Amazon Go Grocery,' a store in Seattle's Capitol Hill with four times the shopping space as the first cashier-less location it opened to the public in January 2018. The concept targets customers in residential neighborhoods rather than office workers, whom the smaller Amazon Go convenience stores serve.

  • Benzinga

    Barron's Picks And Pans: AT&T, Kroger, Virgin Galactic And More

    This weekend's Barron's cover story ponders the significance of M&A in the financial sector. Other featured articles focus on recent moves by the Oracle of Omaha. Also, the prospects for a heavy equipment ...

  • What Does Warren Buffett See in Kroger That I No Longer Do?
    InvestorPlace

    What Does Warren Buffett See in Kroger That I No Longer Do?

    Last year I had something in common with the great Warren Buffett of Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B).Source: Jonathan Weiss / Shutterstock.com What exactly was that? Kroger (NYSE:KR). I bought 100 shares last year, for $2,549. Buffett bought over $500 million worth.The difference is that I sold mine in January for $2,870, after pocketing $46 in dividends. Buffett just acquired his.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI think we both saw the same things in Kroger. It's a grossly undervalued company selling at one-fifth its sales volume. It has 10% of the U.S. grocery market, second only to Walmart (NYSE:WMT).So why did I get out when the Oracle of Omaha was getting in? Kroger FiefdomsUnless you've been reading my Kroger coverage regularly you may not know that Kroger isn't just one company. It contains multitudes. Oregon has Fred Meyer. In California it's Ralphs and in Kansas it's Dillons. Colorado has King Soopers. In North Carolina it's Harris Teeter. * 7 Failing Tech Stocks to Disconnect From Now Each of these companies is run separately. This confuses even reporters. Its decision to leave North Carolina to Harris Teeter was initially headlined by the local press as "Kroger leaves North Carolina."Kroger is beginning to recognize that this is silly. It began an ad campaign in all these stores late last year, under the slogan "fresh for everyone." The implication is that, over time, the stores will become one chain, likely under the Kroger name.The problem is that this strategy, too, is now out-of-date. Successful grocers, like Texas' H-E-B, have different formats for different markets. Wealthy shoppers might go to a Central Market store, Hispanic shoppers might prefer a Mi Tienda store.But after Kroger bought Mariano's in Chicago in 2017, it turned the stores into Kroger locations. It destroyed that company's unique identity for a bland, middle-class sameness. Not That UnderpricedKroger is "underpriced" because Kroger is badly run. The company is next due to report results March 5. Earnings of 55 cents per share are expected on revenue of $28.8 billion. That's only 2% more revenue than for the same quarter last year. The dividend of 16 cents yields 2.2%. The stock is up $2.50 this month, largely on Buffett's purchase.During the fourth quarter Kroger traded as low as $24 per share. Buffett is probably getting a price-to-earnings ratio below 15 and his yield is closer to 2.5%. But you're not likely to do as well unless Kroger makes significant changes.Those changes were foreshadowed by the company now known as Macy's (NYSE:M). The then-bankrupt New York chain was bought by Cincinnati-based Federated Department Stores in 1994. In 2005, Federated's regional stores all took the Macy's name, with Bloomingdale's retained as an upscale brand.This worked, so long as the middle class kept going to department stores. Once such stores were abandoned, Macy's had nowhere to go but down. The market capitalization of Macy's is now $5 billion, on trailing-year sales of $25 billion. You may notice that's the same price-to-sales ratio as Kroger. The Bottom Line on Kroger StockKroger stock can be a winning investment, but not until it undergoes fundamental change.It needs to rid itself of regional fiefdoms and differentiate based on demographics. It needs to turn store brands like Murray's Cheese into symbols of quality, as Target (NYSE:TGT) has done.That's not the kind of work Buffett does. It's the kind of work hedge funds like Elliott Management are known for. If Buffett could recruit such a firm to join him, or sold his Kroger stake to such a firm, I'd be a buyer.But I'm not buying this Kroger.Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of the environmental thriller Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Failing Tech Stocks to Disconnect From Now * 5 Ideal Dividend Stocks for New Investors * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post What Does Warren Buffett See in Kroger That I No Longer Do? appeared first on InvestorPlace.

  • Kroger adds two local restaurants to one of its largest Cincinnati stores
    American City Business Journals

    Kroger adds two local restaurants to one of its largest Cincinnati stores

    Cincinnati grocery store giant Kroger is adding two local eateries to one of its largest retail locations, which is currently undergoing renovation.

  • Kroger Fourth Quarter Conference Call with Investors
    PR Newswire

    Kroger Fourth Quarter Conference Call with Investors

    The Kroger Co. (NYSE: KR) announced today it will host its fourth quarter 2019 earnings conference call at 10 a.m. ET on Thursday, March 5, 2020.

  • Benzinga

    The Street's Mixed Reaction To Buffett's $550M Kroger Bet

    Shares of Kroger inched higher Friday after Berkshire's 2.37% stake in Kroger was confirmed. Some analysts are questioning what Buffett sees in the grocery chain, which has been shedding market share since 2016.

  • New challenge for Big G in stores: The twilight of the 'category captains'
    American City Business Journals

    New challenge for Big G in stores: The twilight of the 'category captains'

    In the fight for shelf space in grocery stores, big brands once held most of the information — and thus, much of the power. But that's changing.

  • Kroger Chairman and CEO Rodney McMullen Appointed to American Heart Association CEO Roundtable
    PR Newswire

    Kroger Chairman and CEO Rodney McMullen Appointed to American Heart Association CEO Roundtable

    The Kroger Co. (NYSE: KR) today announced that Rodney McMullen, Kroger's chairman and CEO, has been appointed to the American Heart Association (AHA) CEO Roundtable. McMullen joins more than 40 CEOs who are committed to improving the health and well-being of their employees and communities.

  • Kroger shares take off, but analyst argues against Berkshire Hathaway stock buy
    American City Business Journals

    Kroger shares take off, but analyst argues against Berkshire Hathaway stock buy

    Kroger Co.’s stock soared Tuesday in the first day of trading after Warren Buffett’s Berkshire Hathaway Inc. said it bought a stake worth nearly $550 million, even as an analyst argued Tuesday against the wisdom of buying Kroger shares.

  • Kroger to donate building, funding to Dayton-area city following store closure
    American City Business Journals

    Kroger to donate building, funding to Dayton-area city following store closure

    The grocery giant will donate its soon-to-close Springfield store, as well as land and non-proprietary contents of the facility without restrictions on future use.

  • US STOCKS-Wall Street skids after Apple's shock sales warning
    Reuters

    US STOCKS-Wall Street skids after Apple's shock sales warning

    U.S. stocks dropped on Tuesday after a surprise sales warning from tech bellwether Apple highlighted the impact of the coronavirus outbreak on global supply chains. The news also sent Apple suppliers, including Qualcomm Inc , Broadcom Inc, Qorvo Inc and Skyworks Solutions Inc, lower by 1.8% to 2.3%.

  • Wanna Be a Value Investor? Follow Buffett & Play 2 ETF Areas
    Zacks

    Wanna Be a Value Investor? Follow Buffett & Play 2 ETF Areas

    Warren Buffett took positions in Biogen and Kroger. Investors who want to follow Buffett's picking of these two value stocks can also play these ETFs as well.

  • Barrons.com

    Kroger Stock Is Jumping After Warren Buffett Buys a Stake

    Buffett disclosed late on Friday that he had taken a position in the beaten-down grocer, and after a long holiday-weekend, Kroger stock jumped on Tuesday.

  • Kroger, Alibaba, Bed Bath & Beyond, Apple: Companies to Watch
    Yahoo Finance

    Kroger, Alibaba, Bed Bath & Beyond, Apple: Companies to Watch

    Kroger, Alibaba, Bed Bath & Beyond and Apple are the companies to watch.

  • TheStreet.com

    Kroger Rise on Buffett Purchase Seen as Selling Opportunity at R5 Capital

    Kroger shares rose after Warren Buffett's Berkshire Hathaway took a 2.3% stake in the No. 1 U.S. grocery chain, and R5 Capital analyst Scott Mushkin advises investors to sell into that strength.

  • Reuters

    US STOCKS-Apple's surprise sales warning pressures Wall St

    Technology stocks dragged down Wall Street on Tuesday after a surprise sales warning from bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains. The world's most valuable technology firm said it was unlikely to meet its March-quarter sales guidance because of slower iPhone production and weaker demand in China, sending its shares down 2.5%.

  • Reuters

    US STOCKS-Apple's surprise sales warning sets Wall St for lower open

    Wall Street was set to open lower on Tuesday as a surprise sales warning from bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains. The world's most valuable technology firm said it was unlikely to meet its March-quarter sales guidance because of slower iPhone production and weaker demand in China, sending its shares down 2.3% in premarket trading. Apple's warning highlights issues that will eventually hurt a lot of companies with exposure to China, said Art Hogan, chief market strategist at National Securities in New York.

  • Investopedia

    Kroger Poised to Rebound After Berkshire Reports Stake

    Kroger shares are poised to move higher on Tuesday after Berkshire Hathaway disclosed a 2.3% stake in the company.

  • Benzinga

    Warren Buffett's Berkshire Hathaway Trims Apple Stake, Buys Into Kroger, Biogen

    Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) trimmed its stake in Apple Inc. (NASDAQ: AAPL ) by 37 million shares in the fourth quarter of 2019, according to its 13F filing with the Securities and ...

  • GuruFocus.com

    Berkshire Hathaway Buys The Kroger Co, Occidental Petroleum Corp, Biogen Inc, Sells Wells Fargo ...

    Warren Buffett's Berkshire Hathaway Q4 portfolio update Continue reading...

  • Kroger stock soars after Buffett’s investment
    American City Business Journals

    Kroger stock soars after Buffett’s investment

    Kroger Co.’s stock soared in after-hours trading Friday following the disclosure that Warren Buffett’s Berkshire Hathaway conglomerate has made a huge investment in the supermarket giant’s stock.

  • Warren Buffett Buys Kroger, Biogen in 4th Quarter
    GuruFocus.com

    Warren Buffett Buys Kroger, Biogen in 4th Quarter

    Guru also opens positions in 2 ETFs Continue reading...

  • Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes
    Reuters

    Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

    In a regulatory filing detailing its U.S.-listed investments as of Dec. 31, Berkshire also said it took a new 648,000 share stake in drugmaker Biogen Inc worth $192.4 million, and significantly reduced its stakes in two major banks, Wells Fargo & Co and Goldman Sachs Group Inc. Berkshire has sold more than 86 million shares, or 21%, of its Wells Fargo stake since June 30, as the bank tries to restore its reputation following scandals over its mistreatment of customers. Berkshire began investing in Wells Fargo in 1989.

  • Buffett’s Berkshire Adds Biogen, Kroger Stakes; Stocks Climb
    Bloomberg

    Buffett’s Berkshire Adds Biogen, Kroger Stakes; Stocks Climb

    (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. piled funds into biotechnology company Biogen Inc. and supermarket operator Kroger Co. as it trimmed some of its bank wagers in the last few months of 2019.Berkshire’s Kroger investment, which totaled $549 million at the end of the year, was disclosed more than a year after Buffett’s conglomerate sold off its stake in retailing giant Walmart Inc. The company also built a $192 million stake in Biogen while trimming its stakes in Wells Fargo & Co., Goldman Sachs Group Inc. and Bank of America Corp., according to a regulatory filing Friday.Kroger shares surged in late trading, with the stock up 5.6% to $29.81 at 4:59 p.m. in New York. Buffett’s company is wagering on a business that’s trying to navigate a shifting retail landscape, with challenges from online grocery companies and discounters including Walmart, a company that Berkshire eventually exited in 2018.Biogen stock also climbed, rising 1.6% to $338.40 after Berkshire disclosed its holding. The Omaha, Nebraska-based conglomerate hasn’t historically been a big investor in the biotechnology industry, although the company already owns a stake in pharmaceutical company Teva Pharmaceutical Industries Ltd.Both the Biogen and Kroger stakes are small in comparison with some of Berkshire’s biggest bets. The company’s Apple Inc. holding, which was cut 1.5% in the fourth quarter, was valued at $72 billion at the end of the year.Buffett’s company has been trimming its stakes in some major lenders to try to avoid crossing a 10% ownership threshold that often draws regulatory scrutiny. He was closer to that level with Wells Fargo and Bank of America, but holds a stake of only about 3.4% in Goldman Sachs.Here’s some other key takeaways from Berkshire’s 13F:Berkshire disclosed two new exchange-traded fund holdings, in Vanguard S&P 500 ETF and SPDR S&P 500 ETF Trust. The bets were small investments, totaling $25 million across both.Buffett’s company ramped up its bet on Occidental Petroleum Corp., bringing that investment to $780 million. Berkshire also owns preferred stock in the oil producer, which Buffett obtained as part of a deal to help Occidental in its pursuit of Anadarko Petroleum Corp.Berkshire also increased its stakes in furnishings retailer RH, Suncor Energy Inc. and General Motors Co.For more on Hedge Funds Fourth-Quarter Investments in 13F Filings, click here for our TOPLive blog.(Updates with more information on bank investments starting in second paragraph, Kroger and Biogen shares starting in third paragraph.)To contact the reporter on this story: Katherine Chiglinsky in New York at kchiglinsky@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Daniel Taub, Lananh NguyenFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.